In the 14 years I’ve been investing in the resource space I've never seen such bullish fundamentals for uranium, suggests Gerardo del Real, editor of Junior Resource Monthly.
Uranium Energy Corp. (UEC) — a Top Pick for more conservative investors in 2023 — is the fastest-growing supplier of fuel for the green energy transition to a low-carbon future.
It is the largest, diversified North American-focused uranium company, advancing the next generation of low-cost, environmentally friendly In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada.
The company has two production-ready ISR hub and spoke platforms in South Texas and Wyoming, anchored by fully licensed and operational central processing plants. UEC also has seven U.S. ISR uranium projects with all their major permits in place.
Additionally, the company has diversified uranium holdings including:
(1) one of the largest physical uranium portfolios of U.S. warehoused U3O8;
(2) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector; and
(3) a pipeline of resource-stage uranium projects.
The company's operations are managed by professionals with decades of hands-on experience in the key facets of uranium exploration, development, and mining.
The company has no debt and $173 million of cash and liquid assets. In addition it employs a differentiated profile on the 100% unhedged strategy, but almost the third or fourth largest resource base in the world right now for any uranium company.
2023 will be a breakout year for uranium and uranium equities. Geopolitical events coupled with the nest supply/demand fundamentals I’ve ever seen should propel best in class companies like UEC to new all-time highs making investors that position correctly a lot of money.
Editor's note: Gerardo Del Real's Top Pick for 2022 was Patriot Battery Metals (TSX-V: PMET) (OTC: PMETF), which rose more than 150% over the past year. The advisor now explains, "The premise was a simple one. Lithium was red hot, the world is pivoting towards cleaner energy that will require massive amounts of lithium and there simply won’t be enough supply to meet demand for several years. Enter Patriot. The company has a world-class lithium district that has the potential to transform the company into an important multi-billion dollar player in the lithium space — and I still consider it a top pick."