How to Invest in the Best Uranium Mining Stocks

Nuclear energy is having a resurgence lately, thanks to advanced nuclear technologies and an increased investor interest in clean energy sources. Nuclear power is not strictly renewable – it uses uranium as its fuel – but it is certainly green. Currently, nuclear power provides about 10% of the world’s electricity, and 18% of electricity in OECD countries. While the bulls believe technology will increase nuclear capacity, the bears point to a dismal growth forecast. The International Atomic Energy Agency expects nuclear capacity to grow by 82% over the coming 30 years – a meager 2% compound annual growth rate (CAGR).

For those who are bullish on the growth of nuclear energy, there aren’t many pure-play nuclear energy stocks out there. An alternative approach might be a pick-and-shovel play on nuclear energy – uranium stocks – since existing power plants will need fuel indefinitely. In this article, we’ll look at the uranium investment opportunity in an attempt to find “the best uranium mining stocks” which (according to our research) a lot of investors are looking for. A majority of the findings in this piece came from the