10 Best Uranium Stocks to Invest in Now

2. NexGen Energy Ltd. (NYSE:NXE)

Number of Hedge Fund Holders: 32

NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium exploration and development company known for its Rook I project in Saskatchewan’s Athabasca Basin. The project hosts the world-class Arrow deposit, which is one of the largest high-grade uranium deposits globally.

NexGen Energy Ltd. (NYSE:NXE) is making significant strides in exploration, with the recent discovery at Patterson Corridor East. The Patterson Corridor East drilling campaign has intersected multiple high-grade uranium zones which has the potential to significantly expand the company’s resource base. This discovery is located 3.5 kilometers from the Arrow deposit is entirely contained within the basement rock and exhibits greater off-scale mineralization than what was initially observed at Arrow. The company is batching and sending core samples to the lab for detailed analysis and results are expected in the coming months.

Furthermore, NexGen Energy Ltd. (NYSE:NXE) is nearing the final stages of the regulatory approval process for the Rook 1 Project, with the Canadian Nuclear Safety Commission (CNSC) finalizing the remaining aspects of the Environmental Impact Statement (EIS). The company has received 100% formalized support from local indigenous communities and leaders, which is crucial for the project’s success.