10 Best Uranium Stocks to Invest in Now

5. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Number of Hedge Fund Holders: 21

Uranium Energy Corp. (NYSEAMERICAN:UEC) is a U.S.-based uranium mining and exploration company with operations focused on in-situ recovery (ISR) technology. The company has a vast portfolio of uranium projects in Texas, Wyoming, and Paraguay. Uranium Energy Corp.’s (NYSEAMERICAN:UEC) fully licensed Hobson Processing Plant serves as the hub for its South Texas operations.

Uranium Energy Corp. (NYSEAMERICAN:UEC) is expanding its hub-and-spoke model, which involves using a central processing plant to process uranium from multiple satellite projects. The company’s Irigaray plant is a cornerstone of this strategy. Uranium Energy Corp. (NYSEAMERICAN:UEC) is also developing similar models in Texas, where the Hobson processing plant serves as the hub for ISR projects in the Texas Uranium Belt. Located in the Powder River Basin of Wyoming, the Irigaray plant serves as the hub for several satellite ISR projects. This strategic location is advantageous due to the region’s rich uranium deposits and existing infrastructure, which includes large mining operations. Furthermore, the company recently increased its licensed production capacity to 4.0 million pounds of uranium concentrate per year, which is a significant increase from its previous capacity.

Furthermore, in December 2024, Uranium Energy Corp. (NYSEAMERICAN:UEC) completed the acquisition of the Sweetwater Central processing plant from Rio Tinto, which provides a third ISR platform with a licensed production capacity of 4.1 million pounds per year. This acquisition not only increases the company’s total licensed production capacity but also brings a portfolio of projects with approximately 175 million pounds of historic resources.