In this article we will take a look at ten best Uranium stocks to buy in 2025 as nuclear energy demand rises.
Global uranium demand is set to rise as more nuclear reactors come online and existing ones operate more efficiently. According to the World Nuclear Association, mine production currently supplies around 90% of utility needs, with the rest coming from stockpiles and recycled sources. Despite periods of low prices, especially after the 1970s peak, demand is expected to grow by 28% through 2030 and 51% in the following decade. This growing demand, especially from countries like China and India, will require new production capacity, supporting uranium prices and creating strong tailwinds for uranium miners in the years ahead.
Unlike other minerals, uranium prices have stayed low for decades, often below production costs. Most trade happens through long term contracts, while the spot market now accounts for around 25% of supply.
Source: World Nuclear Association
On the supply side, mine production met only about 74% of demand in 2022, with the shortfall covered by civil and military stockpiles, particularly in China, Europe, and the U.S. While low uranium prices had kept new mine development sluggish, a shift is underway. To meet future demand, new projects, mine restarts, and significant investment are urgently needed. China and Russia, through strategic acquisitions, are securing uranium supply chains via equity stakes in global mining assets.
The predictability of uranium demand, driven by base load nuclear power generation and decarbonization goals, offers strong support for uranium prices and equities. As utilities increasingly enter long term contracts to secure future supply, the market outlook favors companies with advanced projects, production ready assets, or strategic positions in the fuel cycle.
In light of the growing demand for nuclear energy and the tightening global uranium supply, investors are increasingly turning their attention to companies involved in uranium exploration, mining, and production. In this article, we highlight 10 of the best uranium stocks to consider in 2025, ranging from established producers to emerging players with high growth potential. These companies are well placed to benefit from the rising momentum in the nuclear energy sector.
Our Methodology for Selecting the Best Uranium Stocks for 2025
To compile this list of the 10 best uranium stocks to buy in 2025, we have included all the publicly traded companies that are actively operating in the uranium sector, ranging from miners and producers to developers directly involved in the nuclear energy supply chain. These are the only ten pure play uranium stocks currently available, meaning this article offers complete coverage of the investable uranium universe. The stocks are ranked based on their year to date (YTD) performance, providing a clear view of which companies are leading the sector as global demand for nuclear energy continues to rise.
10 Best Uranium Stocks to Buy in 2025 as Nuclear Energy Demand Rises
10. enCore Energy Corp. (NASDAQ:EU)
YTD Performance as of July 21: -13.78%%
Our list of ten best Uranium stocks to buy in 2025 as nuclear energy demand rises starts with enCore Energy Corp. (NASDAQ:EU). enCore Energy Corp. (NASDAQ:EU) is a U.S. based uranium exploration and production company with a diversified portfolio of assets across Texas, Wyoming, South Dakota, and New Mexico, covering approximately 360,000 acres. In Q1 2025, the company expanded uranium production infrastructure at its Alta Mesa site by launching a second Ion Exchange (IX) Circuit, doubling processing capacity to 5,000 GPM. Active drilling rigs in South Texas also increased from 17 to 22, signaling operational momentum.
In recent developemnts, on April 23, Canaccord Genuity analyst Katie Lachapelle lowered the firm price target for enCore Energy Corp. (NASDAQ:EU) by C$1. On May 29, enCore Energy (NASDAQ:EU) secured regulatory approval to add its Upper Spring Creek Uranium Project to an existing license in Texas. This allows the company to begin wellfield construction and build a Satellite Ion Exchange Plant. It marks enCore’s third permitted uranium facility in Texas.
Revenue in Q1 2025 fell to $18.2 million from $30.4 million year over year, primarily due to lower uranium prices ($62.89/lb vs. $94.98/lb) and a decrease in volume sold. Operating expenses rose to $14.7 million from $11 million, reflecting increased development activity. enCore closed the quarter with $29.7 million in cash and $35.7 million in working capital.
Legal headwinds emerged as the company faces litigation related to internal controls and financial disclosures. Additionally, its former CEO filed an arbitration demand over contract disputes.
Despite short term financial and legal challenges, enCore Energy Corp. (NASDAQ:EU) maintains 14 uranium sales agreements and is actively reducing its uranium loan obligations with Boss Energy. Its expanding production capacity and diverse asset base place it to benefit from long term nuclear energy growth.
09. IsoEnergy Ltd. (NYSE:ISOU)
YTD Performance as of July 21: -0.28%%
IsoEnergy Ltd. (NYSE:ISOU) is a Canadian uranium exploration company with high potential projects in Canada, the U.S., and Australia. It recently gained approval to trade on the NYSE American under the symbol “ISOU” as of May 5, giving it broader visibility among U.S. investors.
The company’s flagship asset is the Hurricane deposit in Saskatchewan’s Athabasca Basin, the highest grade indicated uranium deposit in the world, with 48.6 million pounds of U₃O₈ at an average grade of 34.5%. IsoEnergy Ltd. (NYSE:ISOU) also owns several past producing uranium and vanadium mines in Utah, which are fully permitted and on standby for a rapid restart if prices continue to rise.
With no current production or revenue, IsoEnergy Ltd. (NYSE:ISOU) is still in the exploration stage. However, it holds $46.2 million in cash and $80.1 million in working capital as of Q1 2025, enough to fund exploration and development in the near term. It spent over $4.4 million on exploration in the first quarter, mainly focused on Larocque East.
In recent developments, on June 2, IsoEnergy Ltd. (NYSE:ISOU) launched a C$75 million At-The-Market (ATM) equity program through Virtu Canada Corp. and Virtu Americas LLC, allowing the company to sell common shares on the TSX and NYSE American at prevailing market prices. The proceeds will be used to fund general corporate activities, exploration programs, project development, capital expenditures, and debt repayment, particularly in the U.S. and Australia. Moreover, on June 12, the company initiated its summer 2025 exploration campaign in Canada’s Athabasca Basin, which includes 24 planned diamond drill holes across the Larocque East and Hawk projects. This program builds on promising results from previous winter drilling campaigns.
In short, IsoEnergy Ltd. (NYSE:ISOU) offers a strong mix of top tier assets, solid financials, and near term production potential. While still pre revenue, it offers substantial near, mid, and long term exposure to rising uranium prices.
08. NexGen Energy Ltd. (NYSE:NXE)
YTD Performance as of July 21: 3.94%
NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium company advancing its 100% owned Rook I project in the Athabasca Basin, one of the world’s richest uranium regions. The project is in the final stages of permitting, with applications under review by the Canadian Nuclear Safety Commission (CNSC) for a Uranium Mine and Mill Licence and related approvals. A final decision is expected by Q4 2025.
As of March 31, NexGen Energy Ltd. (NYSE:NXE) had a strong cash position of C$434.6 million and held 2.7 million pounds of uranium valued at C$341.2 million. It also reported an adjusted working capital surplus of C$752.5 million, excluding convertible debt. The company raised US$250 million in 2024 through debentures linked to uranium purchases and maintains an active At The Market (ATM) equity program for additional liquidity.
However, NexGen Energy Ltd. (NYSE:NXE) posted a net loss of C$50.9 million in Q1 2025 due to non cash charges, including an impairment on its stake in IsoEnergy. Construction activity remains on hold pending final regulatory approval. The company also benefits from tax incentives under Canada's Clean Technology Investment Tax Credit, which could cover up to 30% of eligible capital costs.
From analysts perspective, NexGen Energy Ltd. (NYSE:NXE) is gaining attention as a key player in the future of nuclear energy. On June 9, Desjardins analyst Bryce Adams initiated coverage on the stock with a Buy rating and a C$13.50 price target, citing strong confidence in the company’s flagship Rook I Arrow deposit. According to Adams, the Arrow deposit stands out as a globally significant, high quality uranium resource with the potential to become a major contributor to the nuclear fuel supply chain.
He also highlighted NexGen Energy Ltd. (NYSE:NXE) strategic positioning, noting that the company is well placed to benefit from a structurally tightening uranium market, where future supply shortfalls are likely. As global energy demand shifts toward cleaner sources, Adams sees NexGen playing a vital role in supporting nuclear power's resurgence as a stable, low carbon energy option.
07. Denison Mines Corp. (NYSE:DNN)
YTD Performance as of July 21: 17.22%
Denison Mines Corp. (NYSE:DNN) is a Canadian uranium development company focused on assets in the Athabasca Basin, Saskatchewan. It holds a 95% interest in the Wheeler River project, one of the largest undeveloped uranium projects in Canada. Phoenix deposit at Wheeler River is being developed using In Situ Recovery (ISR), a low cost, low impact mining method. A key regulatory hearing for the project is scheduled for October and December 2025, aligning with management’s target for construction in 2026 and initial production by H1 2028. As of Q1 2025, engineering work on Phoenix is 75% complete.
Denison Mines Corp. (NYSE:DNN) also owns 22.5% of the McClean Lake Joint Venture (MLJV), which includes a uranium mill that processed 5 million pounds U₃O₈ in Q1 2025. Mining activities using the SABRE method are expected to start at McClean North in mid 2025. The company recorded $1.4 million in toll milling revenue in Q1, up from $832,000 the year before.
Strategic partnerships include joint ventures with Cosa Resources and a 50% stake in JCU Canada, which provides additional exposure to projects like Millennium and Kiggavik. As of March 31, Denison Mines Corp. (NYSE:DNN) had $83.6 million in cash. The stock has gained 17.22% YTD as of July 21.
In a recent development, on July 18, Raymond James analyst Brian MacArthur reiterated a Buy rating on Denison Mines Corp. (NYSE:DNN) and raised the stock's price target from $2.02 to $2.78, reflecting a potential upside of 38%. The rating highlights continued confidence in Denison’s project pipeline and its strategic position in the uranium sector, particularly as development at its flagship Wheeler River project progresses.
06. Ur-Energy Inc. (NYSE:URG)
YTD Performance as of July 21: 18.26%
At number six on our list of ten best Uranium stocks to buy in 2025 stands Ur-Energy Inc. (NYSE:URG). Ur-Energy Inc. (NYSE:URG), a Colorado based uranium miner, is advancing operations at its two U.S. projects, Lost Creek and Shirley Basin, in Wyoming. The company owns interests in 12 U.S. uranium properties and has seen its stock rise 18.26% year to date as of July 21, 2025.
On April 21, Roth Capital revised its outlook on Ur-Energy Inc. (NYSE:URG), maintaining a Buy rating while lowering the price target from $2.10 to $1.80. The adjustment follows the company’s Q1 production update, which came in slightly below the firm's projections. The analyst noted that current production rates are also tracking under previous forward estimates. As a result, Roth has revised its forecast to reflect a more gradual ramp up in production over the next two years.
In Q2 2025, Ur-Energy Inc. (NYSE:URG) production at its flagship Lost Creek site increased notably. The company dried and packaged 112,033 pounds of U₃O₈, up 35% from Q1. Sales reached 165,000 pounds at an average price of $63.20, generating $10.4 million in revenue. The wellfield flow rate rose 27%, with production expected to rise further in the coming quarters due to additional header houses and process upgrades. Inventory at the conversion facility stood at 315,607 pounds, ensuring strong delivery capacity.
At Shirley Basin, construction is progressing on schedule. The company is refurbishing legacy infrastructure and expects first uranium production in early 2026. Approximately $34 million will be invested in the project, funded through operating cash flow and reserves.
With $66 million in cash and a 2025 sales forecast of 440,000 pounds of U₃O₈, Ur-Energy Inc. (NYSE:URG) offers strong liquidity and near term production growth, making it one of the best uranium stocks for investors amid rising nuclear energy demand.
05. Uranium Energy Corp. (NYSE:UEC)
YTD Performance as of July 21: 19.58%
Uranium Energy Corp. (NYSE:UEC) is a leading North American uranium and titanium exploration and production company headquartered in Corpus Christi, Texas. The company has one of the largest portfolios of fully permitted, advanced stage uranium projects across the U.S., Canada, and Paraguay. UEC’s asset base includes key projects in Wyoming and Texas, along with significant holdings in Arizona, New Mexico, and Saskatchewan, regions with established uranium production histories.
For investors, Uranium Energy Corp. (NYSE:UEC) presents a compelling case due to its geographic diversification, scalable infrastructure, and proximity to nuclear utilities. The company operates key processing facilities, such as the Hobson Central Plant in Texas and Irigaray/Christensen Ranch in Wyoming, giving it low cost production capabilities and flexibility to ramp up output as uranium prices rise.
Uranium Energy Corp. (NYSE:UEC) holds zero debt, ensuring financial resilience, and maintains a substantial uranium inventory, allowing it to delay sales until market conditions are favorable. This strategy has already paid off, with spot uranium prices rising from $63 to around $70 per pound recently.
On June 2, BMO Capital Markets initiated coverage on Uranium Energy Corp. (NYSE:UEC) with an Outperform rating and a price target of $7.75. Analyst Alexander Pearce noted that UEC is well positioned to become a key contributor to U.S. domestic uranium supply, thanks to its North America focused asset portfolio. Pearce highlighted the company's “hub and spoke” development model, which is designed for low capital intensity and allows for scalable production across multiple sites. Combined with a strong balance sheet, this structure offers UEC the flexibility to ramp up output efficiently while managing funding needs effectively. The firm views UEC’s near term production growth potential as highly attractive in the context of rising demand for secure and local uranium sources.
With growing U.S. support for domestic uranium supply and a global push for clean energy, Uranium Energy Corp. (NYSE:UEC) strategic positioning and operational readiness make it a strong contender among the best uranium stocks to watch in 2025.
04. Uranium Royalty Corp. (NASDAQ:UROY)
YTD Performance as of July 21: 22.83%
Uranium Royalty Corp. (NASDAQ:UROY) is the only publicly listed pure play uranium royalty company, offering investors exposure to uranium prices without the direct risks of mining operations. Headquartered in Vancouver, the company holds a geographically diversified portfolio of royalty interests in top uranium producing regions, including Canada, the U.S., and Namibia.
Uranium Royalty Corp. (NASDAQ:UROY) key assets include royalties on major projects such as McArthur River, Cigar Lake, and Langer Heinrich, among others. As of April 30, 2025, it held 2.73 million pounds of U₃O₈ at an average cost of $59.73 per pound, positioning it to benefit from rising uranium prices.
The company recently acquired a 2% gross revenue royalty on the Aberdeen project in Nunavut for $1 million and sold 350,000 pounds of uranium for $33.2 million. Despite a Q4 net loss of $1.2 million due to lower sales and forex fluctuations, Uranium Royalty Corp. (NASDAQ:UROY) maintains a strong balance sheet with $237 million in working capital and no long term debt.
Investors may find Uranium Royalty Corp. (NASDAQ:UROY) attractive for its low overhead model, physical uranium holdings, and strategic royalty investments, providing leverage to uranium price increases without operational exposure. Its scalable model and financial stability make it a solid pick among uranium stocks in 2025.
On April 22, H.C. Wainwright reaffirmed its Buy rating on Uranium Royalty Corp. (NASDAQ: UROY) but lowered the price target from $7.00 to $4.50. H.C. Wainwright noted that tech giants like Amazon, Google, and Microsoft are entering power purchase agreements, signaling rising corporate demand for cost-efficient, reliable energy. This trend is expected to boost demand for uranium, especially from politically stable regions, offering pricing power for companies like Uranium Royalty Corp. (NASDAQ:UROY).
03. Cameco Corporation (NYSE:CCJ)
YTD Performance as of July 21: 49.99%
Cameco Corporation (NYSE:CCJ), headquartered in Saskatoon, Canada, is one of the world’s largest uranium producers and a key player in nuclear fuel services. The company operates across three core segments: Uranium mining and sales, Fuel Services (including refining, conversion, and fabrication), and Westinghouse, which provides nuclear reactor technology and support services.
As of Q1 2025, Cameco Corporation (NYSE:CCJ) reported strong financial results, with revenue up 24%, gross profit rising 44%, and adjusted net earnings increasing by 52% year over year. The company also repaid a $600 million term loan in January, highlighting its solid financial footing and balance sheet strength.
Cameco Corporation (NYSE:CCJ) is strategically positioned to benefit from a tightening global uranium market. Approximately 70% of utility uranium needs through 2045 remain uncovered, representing around 3.2 billion pounds of future demand. Long term uranium prices have strengthened, hovering around $80 per pound, up from $68 per pound in early 2024.
Operationally, the company produced 6 million pounds of uranium in Q1 and is targeting 18 million pounds for the full year from its Canadian sites. Its Fuel Services division is also on pace to deliver 13-14 million kilograms in 2025. With tier one assets, flexible inventory and supply management, and a portfolio of long term contracts, Cameco is well equipped to manage pricing volatility and benefit from rising demand.
In the current geopolitical environment, Cameco Corporation (NYSE:CCJ) Canadian origin gives it an edge as utilities and governments prioritize secure and politically stable supply sources.
On July 8, Scotiabank raised its price target on Cameco Corporation (NYSE:CCJ) from C$95 to C$100 while maintaining an Outperform rating. The firm reaffirmed its positive outlook on the stock, citing continued strength in the uranium market and Cameco's solid position as a leading supplier in the nuclear fuel sector.
02. Energy Fuels Inc. (NYSE:UUUU)
YTD Performance as of July 21: 79.53%
Energy Fuels Inc. (NYSE:UUUU), headquartered in Lakewood, Colorado, is one of the most diversified critical mineral companies in the U.S., with key operations in uranium, rare earth elements, and heavy mineral sands. The company operates the White Mesa Mill, America’s only conventional uranium mill, with a licensed capacity of 8 million pounds per year.
Energy Fuels Inc. (NYSE:UUUU) has raised its 2025 uranium production guidance by 22%, and expects to process up to 1 million pounds this year. Notably, April uranium output hit a record 151,000 pounds with grades nearly 3x higher than historical averages. The company is stockpiling finished uranium, targeting future sales above current spot prices ($70/lb), maintaining flexibility to capitalize on market upswings.
The firm also owns high grade U.S. uranium mines including Pinyon Plain and La Sal, with 2025 mining expected between 875,000 and 1.4 million pounds. Additionally, Energy Fuels is advancing rare earth oxide production at commercial scale and aims to restart NdPr production in 2026.
On July 11, Roth Capital downgraded Energy Fuels Inc. (NYSE:UUUU) from Buy to Neutral, raising the price target to $6 from $5.75. According to the firm, Energy Fuels shares are currently fairly valued and may underperform compared to pure-play uranium peers. The analyst noted that the company's diversification into rare earths could limit uranium-related upside. Additionally, Roth flagged the potential for equity dilution as Energy Fuels may need to raise capital to support its planned investment in Astron and expand rare earth processing at the White Mesa Mill.
With $214 million in working capital, zero debt, growing inventory, and multiple U.S. utility contracts through 2030, Energy Fuels Inc. (NYSE:UUUU) stands out as one of the best uranium stocks for exposure to both clean energy and critical minerals.
01. Centrus Energy Corp. (NYSE:LEU)
YTD Performance as of July 21: 236.29%
Topping our list of ten best Uranium stocks to buy in 2025 as nuclear energy demand rises is Centrus Energy Corp. (NYSE:LEU). Centrus Energy Corp. (NYSE:LEU), based in Bethesda, Maryland, is a key U.S. supplier of nuclear fuel and the only company currently enriching uranium using American owned technology. The company operates through two segments: Low Enriched Uranium (LEU), which includes the sale of enriched uranium for commercial reactors, and Technical Solutions, which provides engineering and manufacturing services for government and private sector clients.
Centrus Energy Corp. (NYSE:LEU) delivered strong financial results in Q1 2025, reporting $73.1 million in revenue and $27.2 million in net income, a sharp turnaround from a net loss in the same period last year. The surge was largely driven by LEU sales, with SWU (separative work unit) revenue more than doubling year over year. Gross profit also improved to $32.9 million. The company maintains a robust balance sheet with $686 million in cash, after eliminating its 8.25% high yield debt and raising $25.4 million through its at the market equity program.
Strategically, Centrus plays a vital role in U.S. energy security, given its position as the sole domestic enricher of uranium. It holds a $3.8 billion backlog, including $2.1 billion in contingent contracts linked to the planned expansion of its Piketon, Ohio facility. Centrus Energy Corp. (NYSE:LEU) is also central to the U.S. Department of Energy’s HALEU (High Assay Low Enriched Uranium) program, making it a critical part of America's advanced nuclear fuel infrastructure.
On July 21, UBS initiated coverage of Centrus Energy Corp. (NYSE:LEU) with a Neutral rating and a $215 price target. The firm noted that Centrus is well positioned to benefit from favorable nuclear energy policies, increasing focus on domestic supply chains, and rising electricity demand. However, UBS cautioned that while U.S. nuclear presents a compelling long term opportunity, the sector’s growth may be uneven due to the extended timelines required for nuclear infrastructure development.
With strong financials, strategic government ties, and a unique role in the domestic uranium supply chain, Centrus Energy Corp. (NYSE:LEU) stands out as one of the best uranium stocks to buy in 2025 for long term investors seeking exposure to the nuclear energy renaissance.
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Disclaimer: None. The article is originally published on TheRichStocks.com.
