We cover our favourite uranium stocks listed on the ASX. Make sure a company you buy is in production or near production.

Given how ASX uranium stocks have rocketed over the last 12 months, investors may be wondering which ones are still in the buy zone.

✓ Excellent outlook — The outlook for uranium in the near future is positive due to increasing demand and limited supply. As the demand for clean, efficient energy using nuclear continues to grow, uranium prices may see a positive inflection over the next few years. As well, there are not many producers and ASX listed uranium stocks are in the box seat.

✓ High performance — In recent years, many investors saw high returns as the price of uranium skyrocketed. Today, Under the Radar Report’s mining expert is confident in a bullish market that will continue to grow over time.

✓ Potentially underpriced — With rising demand and depleting inventories, uranium may be an underpriced asset with lots of room to grow. There may be new opportunities and dare we say it, dividends in the future.

the largest uranium deposits are in Africa, specifically  the Kayelekera Uranium Project in Malawi, South East Africa, owned by Lotus Resources (LOT.ASX).

In Australia it is mined in the Northern Territory, Western Australia and South Australia. For example Boss Energy (BOE.ASX) which owns the Honeymoon Uranium Project in South Australia.

Under the Radar Report recommends investing in uranium producers to experience the highest level of growth, with companies already in production to minimise risk.

I’s not easy to time the highs and lows for commodities. Nuclear energy (the primary purpose of uranium) still sees some marketplace hesitation, as some countries are concerned with the investment cost of building new reactors and the environmental impacts.

You may want to ask yourself, what does uranium’s current supply and demand look like?

Uranium is one of the heaviest natural elements on the periodic table. It’s also known as an energy metal, as it contains unique atoms that result in energy when split by a neutron in a nuclear reactor, creating safe clean power with minimal waste.

Uranium is sold as uranium oxide (U3O8)  which is really a uranium concentrate.

It’s known for it’s use in nuclear weapons, and for nuclear power.