Image source: Pixabay

This year’s conservative pick is in a sector that recently hit a 16-year high, and one that I see primed to continue surging to new all-time highs: uranium. The company is enCore Energy (EU), the newest uranium producer in the United States, says Gerardo del Real, editor of Junior Resource Monthly.

The company solely utilizes In-Situ Recovery ("ISR") for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. The technology leads to lower quartile costs and the assets could not be in a better jurisdiction.

The timing is perfect. In-Situ Recovery extracts uranium in a non-invasive process using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. 

Uranium production commenced at enCore’s licensed and past-producing South Texas Rosita Central Processing Plant (CPP) in November 2023 and at its licensed and past-producing South Texas Alta Mesa CPP in 2024.

Future projects in enCore’s production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico, providing long-term opportunities.

With geopolitical uncertainty continuing to be a major factor, the strategically located assets are a big plus. That’s especially true when combined with becoming the newest US uranium producer at a time that the US is looking to bolster uranium reserves and establish an independent critical metals supply chain. They make enCore a great speculation for 2024.

Add to that a raging hot uranium sector, and you seemingly have the perfect storm for new all-time highs in 2024.

About the Author

For the past decade, Gerardo Del Real has worked behind-the-scenes providing research and advice to large institutional players, fund managers, newsletter writers, and some of the most active high-net-worth investors in the resource space, including those who count in billions. His insights and advice have made—and saved—investors millions of dollars.

Mr. Del Real's due diligence and track record has allowed him to create a unique and powerful network of contacts that he leverages to maximize the incredible money-making opportunities that now exist in the resource sector. He brings his extensive experience to the public through Resource Stock Digest, Junior Resource Monthly, and Junior Resource Trader.

More By This Author: