This Top Pick is a speculative buy, but has recently become more buyable after the company announced its plans to offer up to $35 million in additional shares.
Energy Fuels Inc. (UUUU, EFR.TO)
From The National Investor
Those of us who have patiently awaited the birth of a new bull market for uranium and nuclear energy have finally been rewarded of late! As evidenced by Energy Fuels—whose share price more than doubled in 2020, much of that coming late in the year—the sector has been on fire.
But I.M.O. that’s nothing compared to what’s to come.
With the incoming Biden Administration set to pick up where the Trump Administration left off on reinvigorating America’s nuclear energy industry, Energy Fuels is poised to thrive. Beyond the obvious—that, especially with the initial funding of a domestic “uranium reserve,” the company can restart uranium production in a meaningful way—Energy Fuels will prosper in other ways as well.
Two in particular: 1) Backed by a recent $1 billion appropriation (going to the E.P.A.), Energy Fuels is poised to be the main (if not only) company hired to clean up the long-blighted Four Corners area of the S.W. United States; processing old waste and otherwise cleaning up environmental eyesores. It has the only licensed conventional uranium mill in the country that can process these materials; and 2) White Mesa Mill in Utah has also distinguished itself as being able to produce rare earth element concentrates; yet another key part going forward of America regaining self-sufficiency in critical minerals and Green Economy areas.
Chris Temple, The National Investor, nationalinvestor.com, 224-308-2587, January 4, 2020