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Uranium companies are struggling with the weakness in the uranium market; priced below $20/lb, U3O8 is at levels not seen in well over a decade. But Energy Fuels recently announced two diversification plays that could help insulate it from low uranium prices, and analysts are applauding the news.
Positive assays for two new zones on Fission Uranium Corp.'s Patterson Lake South property will result in "building momentum" for the company, according to analyst David Talbot of Dundee Capital Markets.
Nemaska Lithium has expanded the drill program at its Whabouchi lithium project following discovery of a new lithium-bearing zone, leading analyst David Talbot of Dundee Capital Markets to reiterate the investment thesis for Dundee's top lithium pick.
Analyst Ken Lin chose to spotlight Kelt Exploration Ltd, a Canada-based company with natural gas operations in Alberta and British Columbia, and Pine Cliff Energy Ltd, with energy assets in Alberta and Saskatchewan, and mineral assets in Canada and the U.S.