Uranium Market Update – A Look At The Major Players On The Buy Side

November 3, 2021

Justin Huhn, Founder and Publisher of the Uranium Insider joins us to share his insights on the recent pop in Uranium stocks. We focus on the major players, on the buy side, which include the Sprott Physical Uranium Trust, Yellowcake, and the newly announced Kazakhstan physical vehicle. We also address the disconnect between the stocks and lagging Uranium price, as well as the recent inflows into the uranium mining ETFs URA and URNM.




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    Nov 03, 2021 03:46 PM

    Boom!! Another rip roaring day in the Uranium stocks again here on Wednesday, with a number of companies up in the high single-digits or double digits once again.
    I’ve been nibbling away adding more to my uranium mining stocks, but had only got them up to about 70% of where they were before this recent leg higher started this week. Still, it’s nice to see the green on the screen in the U-stocks and you gotta be in it to win it. 🙂

      Nov 03, 2021 03:36 PM

      Symbol – Uranium Stocks – Daily Change %
      BKY.L Berkeley Energia Limited +30.84%
      AL.V ALX Resources Corp. +19.05%
      ISO.V IsoEnergy Ltd. +17.24%
      MGA.TO Mega Uranium Ltd. +14.93%
      SYH.V Skyharbour Resources Ltd. +14.49%
      FMC.V Forum Energy Metals Corp. +14.29%
      UUUU Energy Fuels Inc. +14.27%
      UEX.TO UEX Corporation +13.68%
      API.CN Appia Rare Earths & Uranium Corp. +13.43%
      STND.V Standard Uranium Ltd. +12.82%
      EU.V enCore Energy Corp. +12.79%
      AZZ.TO Azarga Uranium Corp. +12.50%
      AAZ.V Azincourt Energy Corp. +12.50%
      PTU.V Purepoint Uranium Group Inc. +12.00%
      LAM.TO Laramide Resources Ltd. +11.36%
      BSK.V Blue Sky Uranium Corp. +11.11%
      CVV.V CanAlaska Uranium Ltd. +10.61%
      VO.V ValOre Metals Corp. +10.34%
      FSY.TO Forsys Metals Corp. +10.31%
      GXU.V GoviEx Uranium Inc. +10.00%
      UEC Uranium Energy Corp. +9.50%
      CUR.V Consolidated Uranium Inc. +9.36%
      FUU.V Fission 3.0 Corp. +9.09%
      FCU.TO Fission Uranium Corp. +8.65%
      DNN Denison Mines Corp. +8.47%
      CCJ Cameco Corporation +8.46%
      URNM North Shore Global Uranium Mining ETF +8.41%
      GLO.TO Global Atomic Corporation +8.23%
      AEC.V Anfield Energy Inc. +8.00%
      LEU Centrus Energy Corp. +7.70%
      FIND.V Baselode Energy Corp. +7.14%
      URA Global X Uranium ETF +7.07%
      NXE.TO NexGen Energy Ltd. +6.78%
      WUC.CN Western Uranium & Vanadium Corp. +6.15%
      UROY Uranium Royalty Corp. +5.51%
      QRC.V Queen’s Road Capital Investment Ltd. +5.13%
      URG Ur-Energy Inc. +5.06%
      U-UN.TO Sprott Physical Uranium Trust Fund +4.17%
      GGG.AX Greenland Minerals Limited +4.17%
      GCL.L Geiger Counter Limited +2.85%
      VMY.AX Vimy Resources Limited +2.22%
      1164.HK CGN Mining Company Limited +2.04%
      NLR VanEck Vectors Uranium+Nuclear Energy ETF +1.80%
      LTBR Lightbridge Corporation +1.61%
      DYL.AX Deep Yellow Limited +0.52%

    Nov 03, 2021 03:50 PM

    Justin had mentioned this big news out of China on their investment plans into Nuclear energy as another positive fundamental factor that is driving the markets today.
    150 Nuclear Plants In 15 Years – China’s Mega Energy Plan
    • 7 hours ago – @thebigk
    “China is planning to build 150 new nuclear reactors in the next 15 years with $440 billion investment. By 2025, China will surpass USA as the largest producer of nuclear power.”

      Nov 03, 2021 03:51 PM

      China Is Planning at Least 150 New Nuclear Reactors
      Bloomberg Daybreak AsiaTV Shows – November 2nd, 2021
      “China is emerging as the world’s great believer in nuclear power. After decades of opposition, budget blowouts and disasters elsewhere, the country has big plans for the power source. Bloomberg’s Dan Murtaugh reports on “Bloomberg Daybreak: Asia.”

        Nov 03, 2021 03:48 PM

        China’s Climate Goals Hinge On A US$440 Billion Nuclear Buildout
        Dan Murtaugh and Krystal Chia – Bloomberg News
        “China has over the course of the year revealed the extensive scope of its plans for nuclear, an ambition with new resonance given the global energy crisis and the calls for action coming out of the COP26 Climate Summit in Glasgow. The world’s biggest emitter, China’s planning at least 150 new reactors in the next 15 years, more than the rest of the world has built in the past 35. The effort could cost as much as US$440 billion; as early as the middle of this decade, the country will surpass the U.S. as the world’s largest generator of nuclear power.”
        “The government’s never been shy about its interest in nuclear, along with renewable sources of energy, as part of President Xi Jinping’s goal to make China’s economy carbon-neutral by mid-century. But earlier this year, the government singled out atomic power as the only energy form with specific interim targets in its official five-year plan. Shortly after, the chairman of the state-backed China General Nuclear Power Corp. articulated the longer-term goal: 200 gigawatts by 2035, enough to power more than a dozen cities the size of Beijing.”
        “It would be the kind of wholesale energy transformation that Western democracies — with budget constraints, political will and public opinion to consider — can only dream of. It could also support China’s goal to export its technology to the developing world and beyond, buoyed by an energy crunch that’s highlighted the fragility of other kinds of power sources. Slower winds and low rainfall have led to lower-than-expected supply from Europe’s dams and wind farms, worsening the crisis, and expensive coal and natural gas have led to power curbs at factories in China and India. Yet nuclear power plants have remained stalwart.”

        “Nuclear is the one energy source that came out of this looking like a champion,” said David Fishman, an energy consultant with The Lantau Group. “It generated the whole time, it was clean, the price didn’t change. If the case for nuclear power wasn’t already strong, it’s a lot stronger now.”

    Nov 03, 2021 03:51 PM

    John Quakes @quakes99 · Nov 3, 2021 – 4:05 PM · Twitter
    “Today @Sprott issued 6.17M Physical #Uranium Trust units🏧 which raised $70M💵 used to stack another 700,000 lbs #U3O8🏦 with Net Asset Value of over US$1.59B.💰 SPUT holds $54M cash for stacking with units closing at +4.72% Premium to NAV🤠🐂 ”

    Nov 04, 2021 04:49 AM

    The safest way to invest in the uranium sector is U.Un, and then the large cap stocks. It is risky to invest in junior mining stocks as most of them will never produce uranium in this blooming cycle.

      Nov 04, 2021 04:40 PM

      Yes the Sprott Physical Uranium Trust and Large caps (not many just Cameco or CGN Power) are the safer way to play it, but the riskier junior uranium stocks are the ones that also have the highest rewards. The price of Uranium in the spot market hasn’t move nearly as much as smaller prior producers like Energy Fuels, Ur-Energy, Penisula, (or even the troubled Paladin), nor have the big boys fared even close to the rallies we’ve seen in developers like Denison, enCore, Global Atomic, UEC, NexGen, Azarga, etc…
      I’ve been following the Uranium sector since the last cycle and never wanted to be in larger market cap laggards like Cameco or the Uranium Participation Corp (now U.Un under Sprott), and wanted the bigger potential torque, and have traded around positions in the juniors for year that have had returns that far exceeded what the physical or largest producers would have provided.
      It’s riskiest to go all in on just 1 or 2 names, but far less risk to build a quality basket of companies in any sector, or people can always buy the ETFs like (URNM) or (URA) if they want a predetermined basket as a set it and forget it option.

      Just like in any sector, the big names are safer, sure, but the smaller names have more torque, so investors or traders need to determine what their goals, risk tolerance levels, and time horizons are for the trades they are making.