Uranium stocks

Sprott Physical Uranium Trust, functions as a closed-end investment fund or Investment trust, which engages in investing and holding substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride. The Trust was founded on April 23, 2021 and is headquartered in Toronto, Canada.

Yellow Cake Plc operates in the uranium sector, which engages in purchase and hold of U3O8. The firm focuses on offering shareholders exposure to the uranium price through the purchase and storage of physical uranium. It also involves in exploiting a range of expected opportunities connected with owning physical U3O8 and uranium based financial initiatives, such as commodity streaming, and royalties. The company was founded on January 18, 2018 and is headquartered in St. Helier, the United Kingdom.

JSC National Atomic Company Kazatomprom, established in 1997 and headquartered in Nur-Sultan, Kazakhstan, operates globally as a comprehensive player in the uranium industry. Its primary business encompasses the full uranium lifecycle, from exploration and extraction to processing, marketing, and distribution. Diversifying beyond its core, the company is also involved in rare metals, specifically manufacturing and commercializing products utilizing beryllium, tantalum, and niobium. Furthermore, it provides communication and security services, produces semiconductor materials, and offers a range of professional support including research, project development, engineering consulting, and drilling. Additional services include procurement, transportation logistics, and vital environmental and radiation level monitoring. Kazatomprom also engages in investment activities and the administration of financial services.

Operating both domestically in China and across international markets, China National Uranium Co., Ltd. specializes in the extraction, refining, and commercial distribution of natural uranium. Its product portfolio extends to include monazite, uranium-molybdenum compounds, and other relevant offerings. This company, established in 1989 and based in Beijing, China, operates as a subordinate entity of China Nuclear Uranium Co., Ltd.

CGN Mining Company Limited primarily engages in the procurement and sale of natural uranium, supplying this essential resource to nuclear energy facilities. Additionally, the firm allocates capital to real estate ventures and manages property rental operations. Its extensive global presence includes activities in Hong Kong, the United States, mainland China, Canada, the United Kingdom, diverse regions of Europe, and specifically the Czech Republic. The company was established in 1998 and maintains its principal executive office in Wan Chai, Hong Kong. It operates as a subsidiary under the ownership of China Uranium Development Company Limited.

Cameco Corporation is a prominent global enterprise specializing in the production and distribution of uranium. Its operations are structured into two core divisions: Uranium and Fuel Services. The Uranium division manages the full upstream process, encompassing the exploration, extraction, and initial processing (milling) of uranium ore, as well as the procurement and sale of uranium concentrate. Conversely, the Fuel Services division focuses on the downstream transformation of uranium. This includes the refining, conversion, and fabrication of uranium concentrate into usable forms, alongside providing related conversion services. Furthermore, this segment is responsible for manufacturing specialized fuel bundles and reactor components specifically designed for CANDU reactors. Cameco provides its essential uranium products and associated fuel services to nuclear utility clients across major international markets, including the Americas, Europe, and Asia. The company was founded in 1987 and maintains its principal office in Saskatoon, Canada.

Cameco has direct uranium-mining and conversion exposure, making it materially sensitive to fuel-cycle demand, although enrichment remains a separate bottleneck.

Energy Fuels Inc. and its subsidiaries are actively engaged in the exploration, extraction, recovery, and sale of uranium throughout the United States, employing both conventional and in-situ methods. The company's operational assets include the Nichols Ranch, Jane Dough, and Hank projects located in Wyoming, the Alta Mesa project in Texas, and the White Mesa Mill in Utah. Furthermore, the firm holds interests in various uranium and uranium/vanadium properties and projects across Utah, Wyoming, Arizona, New Mexico, and Colorado, all at different stages of exploration, permitting, or evaluation. Originally incorporated in 1987 as Volcanic Metals Exploration Inc., the company rebranded to Energy Fuels Inc. in May 2006 and is headquartered in Lakewood, Colorado.

Energy Fuels is an operating U.S. uranium producer and miller that can benefit from utilities seeking geographically diversified supply.

Uranium Energy Corp. (UEC) and its subsidiaries are involved in every stage of the uranium and titanium concentrate production cycle, from initial exploration and preparatory work to extraction and final processing. These activities take place across the United States, Canada, and Paraguay. The company possesses ownership interests in various projects, including the Palangana mine, along with the Goliad, Burke Hollow, Longhorn, and Salvo projects, all located in Texas. Additional U.S. holdings comprise the Anderson, Workman Creek, and Los Cuatros projects in Arizona; the Slick Rock project in Colorado; and the Reno Creek project in Wyoming. Internationally, UEC operates the Diabase project in Canada and manages titanium-focused initiatives such as Yuty, Oviedo, and Alto Paraná in Paraguay. Established in 2003 under its previous name, Carlin Gold Inc., the company rebranded as Uranium Energy Corp. in January 2005 and maintains its principal offices in Corpus Christi, Texas.

UEC has an operating and development footprint based on U.S. ISR uranium assets and processing facilities.

Ur-Energy, Inc. engages in the business of uranium mining, recovery, and processing activities including the acquisition, exploration, development, and operation of uranium mineral properties. Its projects include Lost Creek, Shirley Basin, Lost Soldier, Lucky Mc Mine Site, and Excel Gold properties. The company was founded by Jeffrey T. Klenda and Paul W. Pitman on March 22, 2004 and is headquartered in Casper, WY.

Ur-Energy has an operating Wyoming ISR project and is directly exposed to the competition and procurement dynamics of expanding U.S. uranium production.

Paladin has operating Langer Heinrich production in Namibia and therefore has meaningful current supply capacity, although it is smaller than a major diversified producer.

Paladin operates the Langer Heinrich uranium mine in Namibia and is ramping production. A funded Etango project would add another future Namibian uranium source, potentially increasing competition for long-term utility contracts and moderating scarcity premiums, although strong uranium demand could offset the effect.

Uranium Royalty Corp. operates exclusively within the uranium royalty sector, strategically building and overseeing a geographically diverse collection of uranium interests. Its extensive portfolio includes royalty stakes in numerous projects, such as major sites in Canada (including McArthur River and Cigar Lake), various locations across the United States (spanning Arizona, Wyoming, New Mexico, South Dakota, and Colorado), and the Langer Heinrich project in Namibia. The company was founded in 2017 and maintains its principal office in Vancouver, Canada.

Asarian Energy Ltd. is a uranium focused development company, which engages in the acquisition, exploration, and development of mineral properties located in Namibia, Africa. It focuses on the production of the Norasa Uranium project.

Denison is an identified uranium developer whose project economics and financing prospects could improve if delayed Kazakh supply supports stronger uranium prices and term contracting.

Denison is a prospective uranium developer whose project economics and financing can improve as the market values incremental future supply more highly.

NexGen Energy Ltd. is a Canadian company primarily engaged in the discovery, evaluation, and subsequent development of uranium deposits. Its most significant holding is the Rook I project, which encompasses 32 adjacent mineral claims spanning a total area of 35,065 hectares within Saskatchewan's southwestern Athabasca Basin. The company's corporate offices are situated in Vancouver, Canada.

NexGen's relevant position is a prospective uranium resource outside the Niger asset, not current production or fuel-cycle processing.

Deep Yellow is a development-stage Namibian uranium company whose Tumas project requires continued capital to advance.

Deep Yellow’s Tumas project is another advanced Namibian uranium development. Bannerman’s newly funded Etango project could compete directly with Tumas for construction capacity, investor capital, engineering resources, and future utility offtake, although both projects may benefit from a structurally tight uranium market.

Global Atomic’s planned Niger production and utility contract represent an alternative supply pathway that becomes more valuable when Kazakh capacity is delayed.

The new assertion that Niger will independently market uranium keeps the legality and export route for Nigerien uranium contested. Global Atomic's Dasa project is in Niger, and its US$414.2 million financing remains contingent on securing a viable yellowcake export route, creating downside through financing delay, higher country-risk costs, and uncertain future sales.

Eagle's Aurora project is a large U.S. conventional uranium development asset, so a newly financed conventional platform directly affects its competitive development environment and potential domestic supply narrative.

Eagle Nuclear Energy Corp. functions as an exploration and extraction enterprise, primarily dedicated to identifying and developing mineral resources across North America. This organization holds a distinctive position within the nuclear energy sector, integrating localized uranium prospecting with its proprietary Small Modular Reactor (SMR) technology. Furthermore, it engineers compact, modular nuclear reactors specifically designed to supply electricity for industrial operations and national power grids. Established in 2023, the company maintains its corporate headquarters in Reno, Nevada.

Homeland Uranium Corp. is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. It is involved in acquiring the Coyote Basin and Red Wash uranium projects in northwestern Colorado. The company was founded on October 25, 2021 and is headquartered in Vancouver, Canada.

Premier American Uranium Inc. specializes in acquiring, exploring, and developing mineral deposits across the United States. The company's main objective is the discovery of uranium and vanadium resources. Established in 2022, this enterprise is headquartered in Toronto, Canada.

American Uranium Limited, an Australian company established in 2007 and headquartered in West Perth, is engaged in the exploration of mineral properties, with a primary focus on uranium and vanadium, across Wyoming and Utah in the United States. Its core asset is the Lo Herma In-Situ Recovery (ISR) uranium project, entirely owned by the company. This project encompasses roughly 13,500 acres of mineral claims and state leases situated in Wyoming's Powder River Basin, specifically within Converse County. The company was formerly known as GTI Energy Ltd and is slated to formally adopt the name American Uranium Limited in August 2025.

Aurora Energy Metals Limited functions as a mineral exploration company, primarily focused on identifying and developing uranium and lithium deposits. A key asset is its wholly-owned Aurora Energy Metals Project, which comprises 207 permitted mining claims located in southeastern Oregon, United States. The firm was established in 2015 and maintains its principal office in Subiaco, Australia.

Verdera Energy Corp. is focused on the development of In-Situ Recovery (ISR) uranium assets in New Mexico. It is committed to fostering strong community relations and promoting environmental stewardship by working closely with local communities and advancing projects that use environmentally sound ISR uranium extraction technology. Its projects include Crownpoint and Hosta Butte, Nose Rock, West Largo, Ambrosia Lake, and Treeline. The company was founded on December 31, 2021 and is headquartered in Vancouver, Canada.

Standard Uranium Ltd. operates as an emergent enterprise, primarily focused on the acquisition, appraisal, and development of uranium resources across Canada. Its principal asset is the Davidson River Project, a substantial land package consisting of 21 individual mineral claims. This key project extends over roughly 25,886 hectares and is strategically located in the southwest portion of Saskatchewan's Athabasca Basin. The company, established in 2017, maintains its corporate headquarters in Vancouver, Canada.

Blue Sky is an Argentine uranium explorer with an active drilling program, making it a direct regional peer rather than a transaction party.

Blue Sky is an Argentine uranium and vanadium explorer conducting drilling and geophysical work at Amarillo Grande. Myriad’s new Chubut acquisition increases the number of Canadian-listed juniors seeking Argentine uranium capital, contractors, permitting attention and future offtake, creating modest competitive pressure for Blue Sky. Regional validation of Argentine uranium provides a partial offset.

Jaguar Uranium Corp. is primarily involved in securing and advancing mineral properties across Latin America, with a central focus on discovering and developing uranium deposits. Its main exploration undertaking is the Berlin Project, encompassing approximately 9,053 hectares in Colombia. Additionally, the company holds interests in two other ventures: the extensive Laguna Project, which covers roughly 230,000 hectares of exploration claims in the central part of Argentina's Chubut Province, and the Huemul Project, comprising about 27,700 hectares of exploration claims located in the southern region of Mendoza Province, Argentina. Jaguar Uranium Corp. was established in 2022 and its corporate headquarters are situated in Thornhill, Canada.

Jaguar operates the Laguna Salada uranium project in Chubut and recently received an exploration EIA for part of that project. Myriad’s Los Altares transaction adds a competing uranium explorer in the same province, potentially increasing competition for local permitting attention, exploration contractors, field services and investor capital. The regional activity also provides a modest validation benefit, so the net effect is weakly negative.

Frontier Nuclear and Minerals Inc. is a nuclear fuel cycle company that engages in the exploration and development of mineral resources in the United to develop a U.S.-focused front-end nuclear fuel cycle company through a portfolio of U.S. uranium exploration and development projects in Wyoming, Colorado, and Utah, together with investments in next-generation uranium enrichment and small modular reactors. The company also explores for tantalum, cesium, and lithium. The company was formerly known as Snow Lake Resources Ltd. and changed its name in March 2026.

Silex Systems Limited, a technology commercialization company, engages in the research and development, commercialization, and license of SILEX laser enrichment technology in Australia, the United States, and the United Kingdom. It operates through three segments: Silex Systems, Translucent, and Silex USA. The company also sells its cREO technology. In addition, it develops its laser-based enrichment technology for use in various applications comprising uranium production and enrichment for nuclear power; silicon enrichment for silicon quantum computing; and medical isotope enrichment for new cancer therapies. Silex Systems Limited was incorporated in 1987 and is based in Lucas Heights, Australia.

Centrus Energy Corp. is a global provider of essential nuclear fuel and associated services to the nuclear power industry, serving markets including the United States, Japan, and Belgium. The company operates through two primary divisions: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment specializes in supplying key components for nuclear energy production, offering separative work units (SWU) — either as a standalone part of LEU or combined with natural uranium — as well as natural uranium, primarily to utilities operating nuclear power plants. Conversely, the Technical Solutions segment offers a comprehensive array of services, encompassing technical expertise, manufacturing, engineering design, procurement, construction management, and operational support. This segment caters to both public and private sector clients, with notable involvement in projects such as the engineering and testing of the American Centrifuge. Established in 1998, the company was formerly known as USEC Inc. before officially changing its name to Centrus Energy Corp. in September 2014. Its corporate headquarters are situated in Bethesda, Maryland.

Centrus can benefit from stronger demand for non-Russian conversion, enrichment and advanced-fuel capacity as Nigerien yellowcake becomes less reliable.

BWX Technologies, Inc. operates globally, specializing in the production and sale of nuclear components across the United States, Canada, and other international regions. The company's multifaceted operations are categorized into three distinct segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group is a pivotal supplier of precision naval and critical nuclear components, including reactors, nuclear fuel, and assemblies, primarily supporting the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program. This segment also fabricates missile launch tubes for U.S. Navy submarines, produces specialized close-tolerance equipment for various nuclear applications, and is involved in converting Cold War-era stockpiles of high-enriched uranium. Its responsibilities further extend to the receiving, storage, characterization, dissolution, recovery, and purification of uranium-bearing materials, alongside providing research reactor fuel elements for academic and national laboratories, and other defense-related components. The Nuclear Power Group caters to the commercial nuclear sector, offering a comprehensive range of products such as nuclear steam generators, fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems, and specialized containers. This group provides engineering and in-plant services for nuclear power facilities, overseeing the design, manufacturing, commissioning, and servicing of nuclear power generation equipment. It also delivers essential in-plant inspection, maintenance, and modification services, non-destructive examination, and tooling/repair solutions. Moreover, it is a key provider of medical radioisotopes and radiopharmaceuticals for research, diagnostic, and therapeutic applications. Finally, the Nuclear Services Group focuses on critical support functions, encompassing nuclear materials processing, environmental site remediation, and comprehensive management and operating services. This segment is also dedicated to advancing technology for nuclear power sources and plays a role in the design, engineering, licensing, and manufacturing of nuclear reactors. Founded in 1867 as The Babcock & Wilcox Company, the corporation adopted its current name, BWX Technologies, Inc., in June 2015, and is headquartered in Lynchburg, Virginia.

BWXT participates in HALEU deconversion and TRISO fuel fabrication, creating positive leverage to expanded advanced-fuel availability and demand, while also exposing it to fuel-supply constraints.

Standard Nuclear, Inc. is a reactor-agnostic producer of TRISO nuclear fuel, designing and manufacturing advanced nuclear fuels for next-generation reactors to support U.S. energy security. The company is the only independent U.S. manufacturer of TRISO fuel, a robust, high-performance fuel essential to advanced nuclear reactors. It aims to supply advanced fuels to the next-generation nuclear industry and deliver radioisotope power solutions.

Standard Nuclear is the direct beneficiary of the new information. Q2 revenue increased sharply, the company delivered 50 kgU of TRISO fuel and completed a reactor-core delivery, while total and funded backlogs expanded materially. These milestones improve near-term revenue visibility, demonstrate production execution, and support utilization of its new facilities.

Solstice provides uranium-conversion throughput, an essential fuel-cycle service that can substitute for constrained processing capacity even though it does not replace mined uranium itself.

If utilities respond to Nigerien uncertainty by securing more non-Russian fuel-cycle capacity, uranium conversion becomes a potential bottleneck. Solstice operates the Metropolis Works uranium-conversion facility, so higher strategic demand could support utilization, pricing, or expansion spending, although no event-specific contract is disclosed.