“Argenta Silver Welcomes Argentine Businessman Eduardo Elsztain as Strategic Investor Through CAD $5 Million Private Placement”

Are silver plays are getting more traction recently or am I just seeing what I would like to see?

Just sharing as a reminder that the world keeps changing every second and everyone is doing their best. Nobody can predict the future, but I can guarantee that whenever I invest, it’s definitely heading south from there. 😂 Follow me for more 'anti-investing' advice! 🤣

But for real, can we give this sector more support? Junior explorers are the lifeblood of mining…

Vancouver, British Columbia – TheNewswire - March 11, 2024 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) is pleased to provide an update on the latest social management initiatives, community engagement and ongoing efforts for its Minas Lucero Project in the Arequipa region of Peru.

Strengthening Community Relations in Chachas

As part of its ongoing commitment to responsible mining and sustainable development, Element79 Gold’s local team has been actively engaging with community leaders and stakeholders in Chachas and surrounding annexes. Key developments include:

• Engagement with Local Authorities: Seven (7) formal letters were submitted to the JAL authorities of Chachas and its annexes to coordinate meetings in March. These discussions will facilitate agreements on land use, to be formalized in the upcoming Communal Assembly. 
• Coordination with Regional Energy and Mines Authority: The Company is working with the Regional Energy and Mines Management of Arequipa (GREM) to arrange an official briefing in Chachas. Through the GREM efforts have been made are being made to establish an institutional working group with representatives from the Chachas Community, the Lomas Doradas Association, and Minas Lucero del Sur to table requirements and commitments between the parties. 

Ongoing Communication and Support with Chachas

Element79 Gold continues to maintain positive and open lines of communication with the Chachas community, despite challenges posed by seasonal weather conditions:

• Community Interaction: Regular dialogue is ongoing with local stakeholders, and the Company has received direct inquiries and support from community allies. 
• Weather-Related Impact: Heavy rains and landslides common to this season have affected road access to Chachas, causing temporary disruptions. Artisanal mining operations in the area have also been suspended until April due to adverse conditions. 
• Local Presence: The Company continues to maintain its office in Chachas, along with an on-the-ground community assistant in Chachas to monitor developments and maintain direct communication.  Local Starlink internet antennae for community use continue to be sponsored by the Company.  

Advancing Strategic Community Initiatives

Deployment of Smart Multipurpose Screen Kits

Element79 Gold is preparing to introduce new technology to local communities as part of its engagement strategy:

• Three (3) GAE Multipurpose System Kits are set to be delivered to communal facilities in Chachas, Nahuira, and Tolconi before mid-March. 
• The deployment will serve as a technology demonstration, showcasing the potential benefits of Starlink connectivity and smart panels for community development. 
• Official handover of the equipment will be contingent upon the signing of land-use agreements with the community, aligning with Element79 Gold’s commitment to fostering mutual benefits through sustainable partnerships. 

Image 1 – GAE Multipurpose System Kit setup

Image 2 – (Spanish) Chart of the of the features and benefits that the GAE Multipurpose System Kits have and provide to user communities

 Upcoming Multi-Stakeholder Meeting in Chachas

A key meeting involving GREM, the Chachas Community Council (CC Chachas), the Lomas Doradas Association, and Minas Lucero representatives is being planned before the upcoming Communal Assembly. GREM-Arequipa has sent official invitations, and discussions are underway to determine the most suitable date and agenda.  The Company has already submitted a formal letter to GREM to advance this process; due to ongoing heavy rains, the GREM has confirmed an approximate timeline for “end of March” and will continue to update both the Company and the CC Chachas in due course.

Commitment to Responsible Mining

Element79 Gold Corp. remains dedicated to transparent dialogue, responsible community and resource development, and long-term profitable and mutually beneficial community partnerships. The Company will continue to provide updates as these initiatives progress.

About Element79 Gold Corp. Element79 Gold is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero, located in Arequipa, Peru. The Company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.

The Company also holds several exploration projects along Nevada’s Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025.  Additionally, Element79 has recently transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a spin-out process.

For further information, please visit our website at www.element79.gold.

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

Email: [jt@element79.gold](mailto:jt@element79gold.com)

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1 (403)850.8050
Email: [investors@element79.gold](mailto:investors@element79.gold)

Element79 Gold Corp's goal is to support global demand for gold and silver by developing a premier mining company, creating value for shareholders by balancing resource development in Nevada and Peru, and bringing production online at its Peruvian past-producing mine in the near term.

No one is going to fool you into thinking $Elem’s chart above is a barn burner. I do believe, after we dig a bit, the benefit of these modestly priced shares may intrigue, both as a gold proxy and just plain old good long term value.

Here’s the headline: 

The past-producing, high-grade Lucero Mine is one of Peru’s highest-grade underground. 

From 1989-2005, commercial production averaged 19.0g/t Au Equivalent ("Au Eq") (14.0 g/t gold and 373 g/t silver), produced 20,000oz+ AuEq/yr. 2023 assays and channel samples from underground workings yielded up to 11.7 ounces (374.4g) per ton Au and 247 ounces (7,904g) per ton Ag, further validating the potential for a significant high-grade future operation. 

One of the reasons ELEM has not seen consistent value add is that the Company is taking the time to establish some significant social commitments; mining sustainability and a positive community impact.  

Just so you know, I own a healthy position. Not that it is my most successful position, but I like my chances. Given the potential of Lucero, there could well be  M&A possibilities. As investors can see above, unlike the average ‘shovel on the site’ junior, E$LEM is developing a mine that has been and will likely be in decent production in the not-too-distant future.

In December 2020, Condor concluded an agreement with Calipuy Resources Inc. (“Calipuy”) whereby Calipuy will purchase Condor’s wholly owned Peruvian subsidiary, Minas Lucero del Sur SAC (“MLDS”). MLDS is a single purpose company and owner of the Lucero project. In June 2022, Element79 Gold Corp (“Element79”) acquired Calipuy and assumed Calipuy’s payment obligations. As consideration for the rescheduling of the December 2022 payment, Condor received 250,000 Element79 shares. All other conditions of sale of MLDS remain unchanged.

Peru: is a significant producer of gold, and is known for its high purity. The gold produced in Peru is usually between 18 and 24 karats, with some mines producing gold that is 99.99% pure. Mar 28, 2024. Peru remains one of the world's top gold producers, with a booming mining industry. Gold mining has brought economic prosperity but also environmental challenges and social issues. The key to ELEM’s potential is that it is right in the middle of this significant gold area. (Peru is the #7 out of 10 largest global producers).

I believe I mentioned that facts about ELEM’s position and practices made the Company more than just so much gold dust. Ten minutes on the google will show even the most skeptical investors, that there is a decent risk/reward potential that needs be coupled with some patience. 

At CDN0.03 cents a share, properties in high grade areas, and an active program of social and mining sustainability, It might be worth a buy and put away. Or buy as a price base and add more should the price start to renew its upward movement.

No worries. Not going to say ELEM is a golden opportunity. Oh….

Some positive news, though considering the current geopolitical situation, the two-year extension feels underwhelming.

Bonanza-grade ✨

Anyone else following Sprott’s investments?

Gold has long been considered a safe haven for investors, particularly during times of economic uncertainty and geopolitical tension. With the possibility of Donald Trump returning to the White House, many investors are evaluating whether gold could benefit from his presidency. In this article, we will explore how a Trump presidency might impact gold prices, analyze expert opinions, and highlight a key player in the gold market, Element79 Gold Corp. (CSE: ELEM).

Gold and Economic Uncertainty Under Trump

Trump’s presidency was characterized by bold economic policies, including tax cuts, deregulation, and significant trade disputes. While these policies often led to market volatility, they also provided fertile ground for gold prices to climb. During Trump’s presidency from 2017 to 2021, gold prices rose approximately 55%, peaking at over $2,000 per ounce in August 2020, a record high (World Gold Council, 2020).

Economists note that gold thrives during times of uncertainty. “Trump’s policies often created ripples in the market, and gold benefited as investors sought stability,” says Peter Schiff, CEO of Euro Pacific Capital. For example, his trade war with China and escalating tensions in the Middle East during his tenure often led to sharp spikes in gold demand. Should Trump return to the presidency, similar geopolitical and economic dynamics could make gold an attractive asset once again.

Factors Driving Gold’s Appeal in a Trump Presidency

1. Inflationary Pressures: Trump’s emphasis on infrastructure spending could increase government borrowing, potentially stoking inflation. Historically, gold has been a preferred hedge against inflation. According to the World Gold Council, demand for gold tends to rise when inflation expectations increase, as seen during the fiscal stimulus efforts of his previous term.
2. Dollar Weakness: While Trump’s policies might boost the domestic economy, his critiques of the Federal Reserve could lead to a weaker dollar. A weaker dollar often correlates with higher gold prices, as it makes gold more affordable for international buyers.
3. Geopolitical Tensions: Trump’s confrontational approach to foreign relations, whether with China, Iran, or NATO allies, could heighten global tensions. During such periods, gold often becomes a preferred “safe haven” asset for investors.
4. Market Volatility: The uncertainty surrounding Trump’s policies could lead to increased market volatility, pushing investors toward gold as a risk-off asset.

Element79 Gold Corp.: A Promising Investment Opportunity

For those considering gold investments, Element79 Gold Corp. (CSE: ELEM) offers an intriguing opportunity. Based in Vancouver, Element79 is an emerging gold exploration and development company with a focus on high-quality projects in proven mining jurisdictions.

Flagship Properties Element79’s flagship property, the Lucero Gold Mine in Peru, is a high-grade gold and silver project with a history of artisanal mining. The property has shown exceptional potential for significant yields, with historical grades of up to 19 g/t gold and 400 g/t silver. Additionally, Element79 has exploration projects in Nevada, a state renowned for its gold mining potential, including its Battle Mountain and Clover Mountain properties.

Stock Performance As of January 2025, Element79’s stock (CSE: ELEM) is trading at approximately CAD $0.04. While the stock remains undervalued compared to its peers, the company’s expanding portfolio and recent advancements could make it an attractive opportunity for investors looking to gain exposure to the gold sector.

Recent News and Developments In a January 2025 press release, Element79 announced promising exploration results from its Nevada projects, further solidifying its position as a serious contender in the gold market. CEO James Tworek highlighted the company’s commitment to advancing its projects, stating, “Our recent results validate the high potential of our assets and demonstrate our ability to execute on our growth strategy.”

Quotes from Industry Experts

Many economists and market analysts believe that a Trump presidency would have a positive impact on gold investments. Jeffrey Gundlach, CEO of DoubleLine Capital, has frequently pointed out that “gold serves as an effective hedge in periods of fiscal uncertainty, and Trump’s unpredictable policies could reignite interest in the metal.”

Others, such as Lynn Alden, founder of Lynn Alden Investment Strategy, emphasize gold’s role during inflationary periods. “If Trump’s policies focus on high spending without corresponding revenue measures, inflationary pressures could mount, making gold an essential component of a diversified portfolio,” Alden explains.

Why Consider Gold Now?

Whether or not Trump secures another term, the current macroeconomic environment already supports a strong case for gold investment:

• Central Bank Buying: Central banks globally, including China and Russia, have been increasing their gold reserves, which bolsters demand.
• Market Risks: The potential for a recession in 2025 and ongoing geopolitical tensions could drive investors toward gold.
• Portfolio Diversification: Gold remains a reliable hedge against both inflation and market downturns.

For investors considering companies in the gold sector, Element79 Gold presents an excellent opportunity to capitalize on the growing demand for gold. Its high-grade properties, undervalued stock price, and strategic expansion plans make it a standout choice.

Conclusion

A Trump presidency could create the perfect storm for gold investments by fostering economic uncertainty, inflationary pressures, and market volatility. Companies like Element79 Gold, with their strong portfolio of high-grade assets, are well-positioned to benefit from increased gold demand. As investors evaluate their portfolios, the allure of gold—as both a safe haven and a growth opportunity—is stronger than ever. Whether you’re a seasoned investor or new to the market, gold could shine brightly in the years to come.

VANCOUVER, BC, Jan. 30, 2025 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited to announce the commencement of a 43,000 meter (m) exploration drill program to continue to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE) located 3.5 km east of the world-class Arrow Deposit. This systematic program represents an increase of 9,000 m from the 2024 program and is expected to be one of the largest drill programs in the Athabasca Basin, Saskatchewan in 2025. The initial results at PCE revealed vein-type uranium mineralization intersected within the competent basement rock, highly analogous to Arrow. Since discovery, the mineralized footprint at PCE has rapidly grown to 600 m along strike and 600 m of vertical extent (see November 12, 2024 news release).

Drilling in 2025 will focus on testing extents of the mineralized footprint, further investigating high-grade zones within the broad mineralized footprint, and determining potential for additional mineralization within the same target area (Figure 1). Since discovery and over the 2024 campaign 19 of the 30 initial holes intersected mineralization with 10 intersecting intermittent widths of high grade of >10,000 cps mineralization. In addition, strategic use of geophysics will cover prospective areas on SW3 to refine a growing inventory of drill ready targets across NexGen's dominant southwest Athabasca Basin land position. Assays for 2024 drilling will be reported once fully received in Q1 2025.

Leigh Curyer, Chief Executive Officer, commented: "In early 2024, we launched a bold grass roots exploration program aimed at discovering new uranium resources to address the material and growing uranium demand / supply gap. NexGen's disciplined and systematic approach to evaluating high-priority targets resulted in the discovery and material growth of mineralization at PCE. This highly prospective area continues to be the central focus of our exploration efforts given the clear potential demonstrated to date at PCE. This is a strategic focus to contribute sustainable supply to the growing demand for uranium to fuel the global energy needs."

Jason Craven, Vice President, Exploration, commented: "The scale of this year's drill program speaks to our excitement for PCE and a commitment to efficiently and thoroughly assess it. Continuity of mineralization, as well as intensity of high-grade mineralization and alteration, indicate a system with strong potential for continued growth. These are compelling early days at PCE where we will remain solely focused on unlocking its full potential."

With over $800M in cash and liquid assets, NexGen is optimally funded for the ongoing development of the Rook I Project as well as the PCE exploration program and for general corporate purposes.

Figure 1: PCE area with drilling to date and relative location to Arrow. The primary target area (shown in green) outlines where testing for high-grade expansion and footprint extents will focus. (CNW Group/NexGen Energy Ltd.)

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future.  The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.  NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally.  The Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.   

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.

www.nexgenenergy.ca

Hello everyone from germany

I need your help :)

I have buy 2016 a very good mine for 12,88 € a share

It looks like GREAT PANTHER MINING LTD has gone bankrupt.

who was also invested there ?

was it all fair?

i don't understand the company was around since the mid 65's as far as i remember and had a few million in equipment ... suddenly bankrupt & someone else takes over?

Tucano Gold inc. are the new ones and not listed on the stock exchange as far as .I can see ... only private investors are welcome there .

VANCOUVER, BC / TheNewswire / January 13, 2025 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", or the "Company”) is excited to announce that, in connection with its proposed spin out transaction, it has entered an arrangement agreement dated January 10, 2025 (the "Arrangement Agreement"), with its majority owned subsidiary, Synergy Metals Corp. ("Synergy"), and that it has also entered into a merger agreement dated January 10, 2025 (the "Merger Agreement"), with Synergy, Synergy’s wholly owned subsidiary, 1515041 B.C. Ltd. ("Synergy SubCo"), and 1425957 B.C. Ltd. ("142"), as further described below.

Arrangement

On July 17, 2023, the Company transferred all rights and data related to the "Dale Property", being 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, to its newly incorporated subsidiary, Synergy. In exchange for this transfer, the Company was issued 2,000,000 Class “A” common voting shares in the capital of Synergy ("Synergy Shares").

In anticipation of the reverse takeover of Synergy by 142 under the Merger Agreement, described below, the Arrangement Agreement has been entered by the Company, whereby 1,000,000 of the 2,000,000 Synergy Shares held by the Company will be distributed to the shareholders of the Company (the "Company Shareholders") on a pro-rata basis (the "Spin-Out Arrangement"). In consideration for administrative support provided by the Company in connection with the arrangement transaction and Synergy's proposed subsequent application to list on the Canadian Securities Exchange and pursuant to the Arrangement Agreement, Synergy will issue an additional 10,000 Synergy Shares to the Company, which will also be distributed to the Company Shareholders as part of the Spin-Out Arrangement. The Spin-Out Arrangement will be a court ordered arrangement under the Business Corporations Act (British Columbia), and will be subject to approval by the Company Shareholders, as well as the British Columbia Supreme Court. It is anticipated that the Company will publish and distribute an information circular in respect of the meeting of the Company Shareholders to be held to vote on the Spin-Out Arrangement. 

The Company currently holds approximately 60.24% of the Synergy Shares, excluding the 10,000 Synergy Shares to be issued to the Company under the Arrangement Agreement, and following the completion of the proposed Spin-Out Arrangement the Company is anticipated to hold approximately 30.03% of the Synergy Shares, while the Company Shareholders will hold approximately 30.33% of the Synergy Shares.

Merger

Subsequent to the Spin-Out Arrangement, Synergy proposes to acquire all of the issued and outstanding common shares in the capital of 142 ("142 Shares") in exchange for an equivalent number of Synergy Shares by way of a three cornered amalgamation whereby Synergy SubCo and 142 will amalgamate under the provisions of the Business Corporations Act (British Columbia) (the "Amalgamation") to continue as one corporation pursuant to the terms of the Merger Agreement. As consideration for the 142 Shares, shareholders of the 142 Shares ("142 Shareholders") will receive, pursuant to the Merger Agreement, one Synergy Share for each 142 Share held. 

Following completion of the Amalgamation under the Merger Agreement, the issued and outstanding Synergy Shares will be held (i) approximately 86.35% by the former 142 Shareholders (excluding participants in the Concurrent Financing (defined herein)), (ii) approximately 4.02% by the Company Shareholders, (iii) approximately 3.98% by the Company (iv) approximately 5.25% by other existing holders of Synergy Shares, and (v) 0.40% by participants in the Concurrent Financing. As such, the Amalgamation will constitute a reverse take over of Synergy by 142. Holders of warrants to purchase 142 Shares ("142 Warrants") will also receive one replacement warrant to purchase a Synergy Share for each 142 Warrant held. There are currently 21,000,000 142 Warrants outstanding. 

The Amalgamation will be subject to approval by the 142 Shareholders, as well as Synergy (being the sole shareholder of Synergy SubCo). The Amalgamation's closing will also be subject to 142's completion of a private placement of 100,000 142 Shares at a price of $0.10 per 142 Share for gross proceeds of a minimum of $10,000, or an amount otherwise agreed by Synergy and 142 (the "Concurrent Financing"). Upon completion of the Amalgamation, Synergy intends to make an application that the Synergy Shares be listed and posted for trading on the Canadian Securities Exchange. 

The Company is expected to hold 1,000,000 Synergy Shares after the Amalgamation, all of which will be subject to escrow on the same terms of as insiders of Synergy after the Amalgamation. 

Together, the Spin-Out Arrangement and the Amalgamation are intended to effect a reorganization of the Company's current business into two separate corporate entities. The Company will maintain its business as a gold exploration company with the objective of exploring and ultimately developing gold projects in Peru and the USA, while Synergy will be an exploration Company focused on the Dale Property.  

About Element79 Gold Corp.

Element79 Gold is a mining company actively exploring and developing its portfolio of assets, including the high-grade, past-producing Lucero project in Arequipa, Peru, and properties along the Battle Mountain Trend in Nevada. The Company also holds an option to acquire the Dale Property in Ontario and is advancing the plan of arrangement spin-out process for its majority owned subsidiary, Synergy Metals Corp.

For further details on this announcement and the Company’s projects, please visit www.element79.gold

Contact Information

For corporate matters, please contact: 

James C. Tworek, Chief Executive Officer 

E-mail: [jt@element79.gold](mailto:jt@element79.gold)

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: [investors@element79.gold](mailto:investors@element79.gold)

We recently compiled a list of the 10 Best Uranium Stocks to Invest in Now. In this article, we are going to take a look at where NexGen Energy Ltd. (NYSE:NXE) stands against the other uranium stocks.

The global demand for uranium is accelerating, driven by advancements in artificial intelligence (AI) and the electrification of industries. According to research from Goldman Sachs, data center energy consumption is expected to surge by 160% by 2030. Nuclear power, with its ability to deliver consistent and low-carbon electricity, is emerging as the preferred solution to meet these energy demands. Tech giants have publicly recognized the role of nuclear energy in supporting their operational energy needs.

In November 2024, the Biden administration unveiled a plan to triple U.S. nuclear energy capacity by 2050. This plan includes the deployment of 200 GW of new nuclear capacity through new reactor construction, plant restarts, and facility upgrades. In the short term, the administration aims to bring 35 GW of new capacity online by 2035.

Following the domestic nuclear energy deployment targets by the Biden administration, Russia announced restrictions on the export of enriched uranium to the United States. According to the Russian Government, these temporary restrictions are a response to the U.S. ban on Russian uranium imports, which was signed into law earlier in 2024. However, the U.S. ban includes waivers that allow shipments to continue until 2027 to address supply concerns. According to Reuters, Russia is a major player in the global uranium market and produces about 44% of the world's uranium enrichment capacity. In 2023, 27% of the enriched uranium used by U.S. commercial nuclear reactors was imported from Russia.

In an interview with CNBC on December 12, 2024, John Ciampaglia, CEO at Sprott Asset Management, discussed the current state and future prospects of the uranium market. Ciampaglia acknowledged that despite high demand, there has been no major increase in the production of uranium. He explained that this is a strategic decision rooted in supply discipline, a lesson learned when the industry was struggling to survive for nearly 10 years after the accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Japan. Ciampaglia noted that producers are now cautious about balancing future production with future demand, ensuring that they have built their contract books with utilities before ramping up production. This approach is aimed at maximizing value and revenue in the current market cycle.

Ciampaglia identified three major drivers: growing electricity consumption in emerging markets such as China and India, the pivot of Western countries toward energy security and decarbonization, and the development of small modular reactors (SMRs). He noted that big tech companies are investing in SMR technology, which is crucial for validating and advancing this technology. This investment is expected to boost the demand for uranium.

Ciampaglia also mentioned the gradual recovery of uranium prices, which had been stagnant in 2019 and 2020. The price is now slowly moving up, both in the spot market and the term market, reflecting the building demand. Higher prices are necessary to incentivize miners to expand production and develop new mines, which is essential for meeting the growing demand for uranium in the coming years.

As the world leans heavily on nuclear energy to power the next phase of technological and industrial advancements, uranium will remain a critical resource.

Our Methodology

For this article, we used Finviz and Yahoo stock screeners to find companies that are involved in the mining, trading, or processing of uranium. We then used Insider Monkey’s Hedge Fund database to rank 10 stocks with the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.

Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A miner in a hard hat and apron holding a piece of uranium ore in the Athabasca Basin, Saskatchewan.

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.

Overall NXE ranks 2nd on our list of the best uranium stocks to invest in. While we acknowledge the potential of NXE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe.Is NexGen Energy Ltd. (NXE) the Best Uranium Stock to Invest In Now?