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Dear Fellow Investor,
It’s time to buy and hold long-term uranium stocks.
For one, the supply-demand situation is only getting worse. The Russian uranium ban went into effect on August 1. And the government of Kazakhstan just increased its extraction tax, which will limit supply growth. Two, with the artificial intelligence boom showing no signs of slowing, uranium could help fuel energy needs.
Plus, as noted by Wells Fargo, after years of flat power growth in the U.S., electricity demand could grow as much as 20% by 2030. Again, because of the AI data center demand.
“AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City’s current annual electricity consumption of 48 terawatt hours. Goldman Sachs projects that data centers will represent 8% of total U.S. electricity consumption by the end of the decade,” says CNBC.
It’s a big part of why nuclear energy demand is surging, which will only fuel further upside for some of the top long-term uranium stocks to buy today.
Company: Cameco (SYM: CCJ)
As noted by Cameco Chief Executive Officer Tim Gitzel, market tightness, mine depletion and underinvestment will keep uranium prices high.
While recent earnings were nothing to write home about, analysts at RBC Capital say they would be buyers on weakness. In its most recent quarter, Cameco’s adjusted earnings per share of 13 cents missed expectations of 26 cents. Its net loss of $7 million was also well below the $119 million profit recorded a year ago.
It just signed a deal to get its tech in Apple’s iPhone until 2040! Online commenters are debating if this brand-new company will be the 7th trillion dollar stock.
If NexGen’s Rook 1 project sees Canadian approval, it could be one of the biggest uranium mines in the world. According to the company, “The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction.”
In addition, according to NexGen’s latest investor presentation, it expects uranium demand to explode by 127% by 2030, and by 200% by 2040. On top of that, they argue the world could see a 240-million-pound deficit in 2040.
They also noted that the “Growing supply deficit requires over 5 new Rook I sized projects to be found, permitted, financed and constructed over the next 20 years. Current mine supply has never been more fragile.”
Here’s a novel concept: Turn your phone from a cost to an income source. Intriguing idea, isn’t it? That’s why we have our eyes on the launch of Mode’s Pre-IPO Offering. Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company, on this year’s Deloitte 500 fastest-growing companies list. “EarnPhone,” a budget smartphone, has helped consumers earn & save $325M+.
About 11 UUUU insiders bought stock in early May. That includedPresident and CEO Mark Chalmers, who picked up 16,838 shares worth $98,671; Director Bruce Hansen, who picked up 6,000 shares worth $34,950; and VP of Conventional Operations Logan Shumway, who picked up 4,000 shares worth $23,360.
All after the U.S. Senate approved the Russian uranium ban, which will ban the import of low-enriched uranium from the country.
Do you curently own shares of uranium mining stocks? Do you have your eye on any other under-the-radar energy stocks we might have missed? Hit “reply” to this email and let us know!
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