Five Top Uranium Companies of the Global X Uranium ETF

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 05/06/16

The Global X Uranium ETF is focused on six countries, with a majority of its focus on Canadian assets at 68%, followed by 16% in Australia and 6% in Hong Kong. With 24 holdings, ETF holds five top companies, among others. Cameco Corp is the one of the largest uranium mining companies, Cameco Corp. When the uranium market is booming, Cameco produces roughly 18% of global uranium from mines located in Canada, the United States and Kazakhstan. Due to recent market conditions, the company has scaled down its US operations. Still, the company operates the highest grade uranium mine in the world, with Cigar Lake, located in the Athabasca Basin in northern Saskatchewan. NexGen Energy has been gaining market attention in leaps and bounds of late, particularly given its recent slew of impressive drill results from its Rook I property in the Athabasca Basin. Though still at an exploration stage, NexGen has become a market favorite, with analysts calling the Arrow deposit as best uranium discovery of the past 25 years. Uranium Participation Corp is not a mining company, it is however, a holding company that invests at least 85% of the proceeds of its equity offerings in uranium. The company objective is achieving appreciation in the value of its uranium holdings. Denison mines is a uranium development and exploration company in northern Saskatchewan with a 60% stake in the Wheeler River project. Wheeler River is host to two very high-grade deposits, the Phoenix and Gryphon. The company also generates revenue from its 23% stake in the McClean Lake uranium mill, which process uranium ore from Cameco Cigar Lake mine. Fission Uranium is focused ON the Athabasca Basin in northern Saskatchewan, and owns the Patterson Lake South project, which has one of the largest uranium resources in the world. Fission is currently focusing on the Triple R deposit within the PLS property, and has encountered very encouraging results, also of very high %U3O8 content.