10 Best Nuclear Energy Stocks To Invest In Now

4. NexGen Energy Ltd. (NYSE:NXE)  

Upside Potential: 25.46%  

NexGen Energy Ltd. (NYSE:NXE) is a uranium development company that explores, develops, and acquires uranium properties for nuclear power. The company is focused on high-grade deposits in Canada. The company’s flagship project, the Rook I, located in Southwestern Saskatchewan is the largest development-stage uranium project in Canada and is known for the largest low-cost uranium mine globally.

On November 12, NexGen Energy Ltd. (NYSE:NXE) announced the successful completion of its 2024 drilling campaign on Rook I at Patterson Corridor East (PCE). The campaign consisted of 46 drill holes and over 34,000 meters of drilling, however, upon the initial discovery of intense uranium mineralization, the company directed all drilling activity to focus exclusively on 30 holes in PCE.

NexGen Energy Ltd. (NYSE:NXE) reported that 19 of the 30 holes intersected mineralization, with 10 holes containing multiple intervals of high-grade uranium. Notably, drill hole RK-24-222, a 17-meter wide vein returned the highest-grade results, with multiple occurrences of off-scale high-intensity uranium intervals exceeding 61,000 counts per second (cps). Additionally, RK-24-220 and -223 intersected mineralization of up to 41,000 cps and 40,000 cps, respectively.

The program has confirmed a high-grade sub-domain within the mineralized zone. This concentrated effort on PCE has significantly expanded the company’s exploration portfolio, adding substantial potential to the company’s assets. Further drilling and assays are expected to be reported in Q4 2024 and Q1 2025, with an even larger program planned for January 2025 to explore additional high-grade potential at PCE.