10 Best Uranium Stocks to Buy in September 2025
Uranium is back on the front burner. This isn’t a nostalgia trade for the 2007 spike. It’s a simple setup: more countries want reliable, carbon-light baseload power, new nuclear is back in policy favor, and miners are signing multi-year supply contracts instead of living off spot. Prices cooled from the summer pop but remain far above the mid-2020s doldrums, with sentiment supported by tight primary supply and utility restocking. That combination keeps the better uranium names interesting heading into 2026. :contentReference[oaicite:0]{index=0}
Cameco Corporation (CCJ)
Cameco is still the liquid, go-to uranium equity. What I care about right now: contract book quality, production pacing from McArthur and Cigar, and the kicker from its Westinghouse stake. Q2 2025 showed stronger earnings and healthy realized prices thanks to long-term contracting discipline, which is exactly how you want a cycle leader to behave. :contentReference[oaicite:1]{index=1}
JSC National Atomic Company Kazatomprom (KAP.L)
Kazatomprom remains the world’s key swing producer. Guidance has been a moving target the last two years as input constraints (notably sulfuric acid) and supply chain friction worked through the system, but 2025 output is still guided up year over year, with management telegraphing a more balanced stance into 2026. Position size accordingly and watch any updates to JV production. :contentReference[oaicite:2]{index=2}
NexGen Energy (NXE)
Arrow is the preeminent undeveloped high-grade asset. The near-term story is permitting and early works, not revenue. Federal hearings are slated to start in November 2025, which keeps the de-risking cadence intact. If you want torque to a structurally tight market a few years out, this is it, but expect permitting headlines to dominate the tape. :contentReference[oaicite:3]{index=3}
Denison Mines (DNN)
Wheeler River’s Phoenix ISR concept gives Denison a differentiated cost profile if executed cleanly. Saskatchewan granted provincial EA approval in July 2025; federal work has been tracking alongside. It’s still a build story, but the boxes are getting checked, which matters in a market that’s rewarding funded, near-term projects. :contentReference[oaicite:4]{index=4}
Paladin Energy (PDN.AX)
Langer Heinrich is back and ramping, with the company issuing production guidance as it transitions from stockpiles to fresh ore. There was a short maintenance and optimization pause earlier in 2025, but the restart narrative remains on track and leverage to pricing is straightforward here. :contentReference[oaicite:5]{index=5}
Uranium Energy Corp (UEC)
UEC is leaning hard into “made-in-America” supply with ISR hubs in Texas and Wyoming and a growing book of domestic offtakes, including microreactor fuel initiatives. The political tailwind around U.S. fuel security and conversion capacity adds optionality on top of the core ISR story. :contentReference[oaicite:6]{index=6}
Energy Fuels (UUUU)
A diversified U.S. critical-minerals platform with uranium at the core and rare earths as a second engine. Management guided to roughly one million pounds of finished U3O8 for 2025 via ore runs into year-end, which gives clearer near-term cash flow than most peers. Keep an eye on White Mesa’s rare-earth separation progress as the sleeper upside. :contentReference[oaicite:7]{index=7}
Uranium Royalty Corp (UROY)
If you want sector beta without single-asset build risk, the royalty model does the job. UROY’s exposure scales with volumes and prices across multiple counterparties. It won’t capture the blow-out upside of a discovery, but it can compound steadily through cycles if they keep underwriting disciplined deals.
Global Atomic (GLO)
Dasa in Niger is a high-grade project with obvious jurisdiction risk. That’s the trade. If operations progress toward stable output amid improving on-the-ground conditions, the re-rate can be meaningful. If politics or logistics tighten again, it cuts the other way. Size accordingly and treat it as a satellite position.
BHP Group (BHP)
Not a pure play, but Olympic Dam keeps BHP squarely in the uranium conversation alongside copper. When you want exposure with a fortress balance sheet and less project-specific risk, the diversified majors belong on the list. Just remember the uranium needle moves less here than in the dedicated names.
The bottom line
This isn’t a “set and forget” basket. Utilities are back in the term market, policy is shifting pro-nuclear, and supply is disciplined, but execution and permitting still separate winners from passengers. My approach for September 2025: anchor with Cameco and a producer like Paladin or a U.S. name, add a developer or two with clear near-term milestones (NexGen, Denison), and use a royalty or a diversified major for ballast. Re-underwrite after each permitting or guidance update and let the term market do the heavy lifting. :contentReference[oaicite:8]{index=8}
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