Categories: Energy Stocks
Topics: Uranium Stocks

Stocks for Uranium Bull Market

Uranium just touched $100 per pound for the first time since 2007. 

It has more than doubled in the past year. 

uranium uxf2024

And uranium stocks have been on a tear as well. 

This is playing out exactly how we told readers it would. 

And we positioned well for it ahead of time and also had subscribers positioned well.

Now, it's time to sit back and watch the gains pile up.

For a while we were waiting for all the uranium catalysts to play out. Japanese restarts and small modular reactors and utilities to come back into the market. 

And now all these dominoes are falling.

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Japan has recommitted to nuclear power and is actually building more reactors. Small modular reactors are being built and approved. And utilities are now back in the market searching for supply. 

And not only are all these dominoes falling, but new ones are being put on the board that weren't included in the previous uranium bull case scenario. 

One thing I saw in the past couple of weeks was France extending the life of its nuclear reactors, for example, which wasn't accounted for in previous demand projections for uranium. 

Then more recently there was government action with the Department of Energy saying it was going to spend  $500 million to secure high assay low enriched uranium (HALEU) for future US requirements. 

reuters us seeks to jump-start production

So we continue to be inside of a uranium bull market. The thing we anticipated for so long is now happening. 

And there is still plenty of time to profit. 

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For starters, I think uranium prices will overshoot to the upside and we could see $200 per pound or more before it’s all over. 

There are now uranium mergers and acquisitions happening that present new opportunities. 

And there are new uranium stocks being listed as the bull market heats up. 

To get your money’s worth out of this editorial, here are some stocks I currently like in the uranium space. 

Because while it’s not too late to get started with uranium stocks, the market is heating up quickly.

Let's get it,

Gerardo Del Real

Gerardo Del Real
Editor, Daily Profit Cycle