Investing in uranium stocks can be a lucrative venture for investors looking to maximize their returns in the coming years. With the increasing demand for uranium due to its use as a fuel source in power plants, interest in uranium stocks is also on the rise.
7 Best uranium stocks Asx 2023
But with so many options in the market, it can be difficult to know which companies will provide the best returns. To make this decision easier, we’ve compiled a list of seven of the best uranium stocks on the ASX for 2023. Read on to find out which ones should be at the top of your watchlist.
Paladin Energy Ltd. (ASX: PDN)
Paladin Energy Ltd is an Australian uranium producer with two operating mines in Africa. The company has a market capitalisation of $1.6 billion and is one of the largest uranium producers in the world.
Paladin’s two operating mines are the Langer Heinrich mine in Namibia and the Kayelekera mine in Malawi. The company also has several development projects in Australia, Canada and Africa.
Paladin is one of the few uranium producers with a strong growth profile. The company is forecast to increase production from 8 million pounds in 2016 to 20 million pounds by 2020. This will make Paladin one of the largest uranium producers in the world.
The company’s share price has been volatile over the past few years, but it has outperformed most other uranium stocks over the long term. Paladin is a good option for investors looking for exposure to the uranium sector.
Health Tech Solutions, Inc. (ASX: HLT)
Health Tech Solutions, Inc. (ASX: HLT) is a leading provider of innovative healthcare technology solutions. The company’s products and services are used by healthcare providers to improve patient care and outcomes.
Health Tech Solutions is committed to providing the best possible patient care through its innovative technologies.
The company offers a wide range of products and services, including electronic health records (EHR), electronic prescribing, telehealth, and medical billing solutions.
Heal thTech Solutions’ EHR platform is used by over 8,000 clinics and hospitals across the United States.
The company’s products are designed to help healthcare providers optimize their workflow, improve patient care, and reduce costs.
In addition to its products and services, Health Tech Solutions also provides consulting and implementation services to healthcare organizations. The company has a team of experienced consultants who can help organizations select, deploy, and use its products and services.
Health Tech Solutions also offers training and support services to ensure that its customers are able to maximize the benefits of its products and services.
Deep Yellow Limited (ASX: DYL)
Deep Yellow Limited (ASX: DYL) is an Australian uranium company with a focus on developing uranium projects in Namibia. The company’s flagship project is the Etango Uranium Project, which is located in Namibia’s Erongo Region.
Deep Yellow Limited was founded in 2004 and is headquartered in Perth, Western Australia. The company has a market capitalisation of $341 million as of April 2018.
Uranium Energy Corporation (NYSEAMERICAN: UEC)
Uranium Energy Corporation (NYSEAMERICAN: UEC) is a US-based uranium mining and exploration company with operations in Wyoming, Texas, and Arizona. The company has been in operation since 2006 and is one of the leading producers of uranium in the United States.
Uranium Energy Corporation is a publicly traded company on the NYSE American stock exchange under the ticker symbol “UEC”. The company’s market capitalization as of May 2020 was approximately $290 million USD.
The company’s primary focus is on in-situ recovery (ISR) uranium mining, which is a low-cost and environmentally friendly method of uranium mining. Uranium Energy Corporation is the only US-based company that solely uses this ISR mining method.
The company operates four active ISR uranium mines in three states – two in Wyoming, one in Texas, and one in Arizona. In addition to these operating mines,
the company also has several advanced projects in various stages of development and permitting, located in Arizona, Colorado, New Mexico, Paraguay, and Uruguay.
Embattled Resources Limited (ASX: EBR)
Embattled Resources Limited (ASX: EBR) is an Australian uranium exploration and development company. The company’s flagship project is the Jabiluka Uranium Mine in the Northern Territory of Australia, which is currently on care and maintenance.
The company has been through a turbulent period in recent years, with shareholders voting to oust the former management team in 2016. The new management team, led by CEO James Calaway, has been working to turn the company around.
In 2017, the company made progress on its turnaround plan, including restarting operations at the Jabiluka mine and securing new financing. The company is now looking to build on this momentum in 2018 and beyond.
Despite its challenges, Embattled Resources remains one of the leading uranium companies on the ASX and a key player in the global uranium market.
With its experienced management team and strong project portfolio, the company is well positioned for continued success.
Core Lithium Ltd (ASX:CXO)
is a mineral exploration and development company based in Australia. The company focuses on the exploration and development of lithium deposits located in its flagship Finniss Project which is located close to Darwin,
Northern Territory. Core Lithium has identified several high-grade spodumene resources at the project and is currently undertaking further exploration activities to expand them even further. In addition,
Core Lithium also has two other prospective projects including the Stannary Hills Gold-Silver Project and the Mt Cattlin Exploration Licence near Ravensthorpe,
Western Australia. With its experienced team of geologists and industry professionals,
Core Lithium aims to become one of the top producers of lithium concentrate globally by 2025.
Anson Resources Ltd (ASX: ASN)
is an Australia-based mineral exploration company. It owns lithium and potash projects in the Northern Territory of Australia, as well as a portfolio of oil and gas assets in South Australia.
The company is focused on exploring for and developing commercially viable deposits that could be used to meet global demand for key minerals such as lithium, potash,
boron and rare earths. Anson’s highly experienced management team is committed to leveraging its extensive geological experience to identify new opportunities with significant upside potential.
A-Cap Energy Ltd (ASX: ACB)
is an Australian publicly listed oil and gas exploration company focused on the acquisition, exploration and development of hydrocarbon resources in Australia.
The company has strategic interests in seven different production tenements located within the Canning Basin of Western Australia and Northern Territory,
as well as three prospective exploration permits within Queensland. A-Cap’s strategy is to acquire acreage with potential for high quality conventional oil & gas discoveries that can be monetized quickly through early field development or farm out opportunities.
The Company’s vision is to become a major Australian energy player by growing its portfolio of assets,
exploring new prospects and developing existing ones into producing fields while adding value through expertise in reservoir engineering, operations management and commercial acumen.
Berkeley Energia Limited (ASX: BKY)
Berkeley Energia Limited (ASX: BKY) is an Australian uranium company with operations in Spain. The company’s flagship asset is the Salamanca Project,
located in the western part of the Iberian Pyrite Belt. Berkeley Energia is advancing the Salamanca Project towards production, with first production expected in 2020.
The Salamanca Project has an Measured and Indicated Resource of 107 million pounds of U3O8 (41,000 TU) and an Inferred Resource of 83 million pounds of U3O8 (31,000 TU). The project also has excellent infrastructure in place, including a nearby rail line and highway, and access to water and power.
Berkeley Energia’s share price has been volatile in recent years, but the company’s strong project fundamentals make it a compelling investment proposition for risk-tolerant investors.
Extract resources limited (ASX: EXT)
Extract Resources Limited (ASX: EXT) is an Australian uranium exploration and development company with a portfolio of projects in Namibia, Zambia, Botswana and Western Australia.
The company’s flagship project is the Husab Uranium Mine in Namibia, which is one of the world’s largest undeveloped uranium deposits.
Extract Resources is a well-funded company with a strong balance sheet and a experienced management team.
The company is well positioned to take advantage of the expected growth in global demand for uranium over the coming years.
The company is listed on the Australian Securities Exchange (ASX) and has a current market capitalisation of around A$1.2 billion.
EXT shares have been trading in a range between $0.50 and $1.00 over the past 12 months, with a current share price of around $0.70 per share.
The company has recently been in the news for its recent acquisition of a portfolio of uranium projects in Zambia and Botswana.