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Top 5 best uranium mining stocks

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Outside of the obvious industry leaders in uranium mining – Cameco Corporation (NYSE:CCJ) and BHP Billiton Limited (NYSE:BHP) – it’s difficult to find small and mid-cap mining stocks that have differentiated themselves in the sector. Pinetree Capital’s VP of business development Philip Williams recently offered up five of his favorite uranium mining stocks in an interview with The Energy Report. Here are their tickers as well as some commentary on each of the names:

Mega Uranium Ltd. (TSE:MGA). Based in Canada, Mega Uranium is focused on properties in Cameroon, Canada and Australia – home to the world’s largest uranium deposits. Mega’s massive Lake Maitland Project is in the feasibility study stage. The project has an Indicated Resource of 28.7 million tons of U3O8 and an Inferred Resource of 3.6 million tons. The stock is down 7 percent year-to-date and up 60 percent over the past 12 months.

Rockgate Capital Corp. (TSE:RGT). Shares in Rockgate have been on fire, rising 30 percent since the start of the year and more than 400 percent over the past 12 months. The company’s flagship project is the 100 percent owned Falea Uranium/Silver deposit Mali, which has shown an uncapped resource of 20,252,000 pounds of uranium and 31,600,000 ounces of silver. Rockgate could be a potential takeover target as large foreign uranium miners look to grow their holdings in Africa.

U3O8 Corp. (PINK:UTREF). With projects in Guyana, Colombia and Argentina, U3O8 Corp. has significant footholds in South America – an area that’s long been ignored by uranium-mining companies. The company’s Cerro Solo area in Argentina could hold up to about 100 million pounds of U3O8, and its Kurupung Batholith project in Guyana could hold even more. Williams calls South America “the next frontier for uranium development,” and he expects U3O8 will expand its NI 43-101 resources at its projects by almost tenfold this year. Shares are up 15 percent year to date and more than 170 percent over the past 12 months.

Energy Fuels, Inc. (TSE:EFR). Based in Canada, Energy Fuels is focused on uranium deposits in the southwestern U.S. from Utah to Colorado. The stock got a big boost earlier this year when the company’s application for its Pinon Ridge uranium mill was approved. That could turn Energy Fuels into a consolidator in the U.S. uranium mining space as it seeks out rights to more properties in the area. Shares are up more than 55 percent year to date and more than 500 percent over the past year.

Mawson Resources Ltd. (TSE:MAW). Based in Vancouver, Mawson’s flagship project is its high-grade uranium and gold deposit at Rompas in Finland. Surface samples have shown up to 373 ounces per ton in gold and 43.6 percent uranium. Williams calls it “almost freakishly high-grade gold and uranium.” Shares have exploded upward on the strength of these early results. Year-to-date, MAW has returned 5 percent and more than 600 percent over the past 12 months.

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