DISCLAIMER: Any written content contained herein should be viewed strictly as analysis & opinion and not in any way as investment advice. No compensation was received for this report. Visitors to this site are encouraged to conduct their own due diligence.
Hard to imagine that the pandemic lows were just over four years ago. From the larger uranium developers/explorers, a lot has been accomplished since then. Ranging from targeted drill programs, acquisitions, permitting and financing, the underlying trend has been that quality projects have advanced and have de-risked accordingly. In that process, value was created.
Suffice it to say, on an EV basis, all the companies below have in the very least advanced by +100% from the late March 2020 pandemic lows (despite a multitude of unforeseen events).
Of particular note are the following:
enCore Energy (EU): following three key acquisitions: Westwater (Rosita CPP), Azarga (Dewey Burdock) and Alta Mesa; +4,213%
NexGen Energy (NXE): following an Arrow Feasibility Study, completion of an EIS, receipt of Provincial approvals and thousands of meters of additional drilling; +1,010%
Denison Mines (DNN): following a successful proof of concept for ISR uranium extraction along with further consolidation of Wheeler River; +924%
Cameco (CCJ): following a McArthur River re-start and the transformational acquisition (49%) of Westinghouse; +579%
A picture may be worth a thousand words however a static image does little justice to illustrate the concept of value created over time. Press play for more.