It’s a good time to be a uranium investor.

After years in a bear market, uranium is poised for its breakout moment. With 53 new reactors coming online across the globe and many more planned, only about 60 million pounds of U3O8 is currently economical at current prices—compared to the roughly 175 million pounds required annually to keep plants running. In addition to strong supply-demand fundamentals, uranium is supported by exponential growth in worldwide electricity needs, the majority of which will need to come from carbon-free sources to meet climate accord targets.

With this in mind, we partnered with Uranium Royalty Corp. (TSX-V: URC) to bring you the Uranium Review, covering all Canadian financings in the uranium sector from Jan. 1-May 31. URC is the only pure-play company that gives investors exposure to uranium royalties—and resource royalties are known to outperform miners in the metals and energy sectors. Read our in-depth report on URC here, and prepare your portfolio for a uranium upswing today.


Disclaimer: All data is for companies with a listing on a Canadian exchange

Total Raised by Month (5 Month Period)

5 month Total:
May Total:
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Brokered vs Non-Brokered

Top 5 Brokered Financings ($CAD)

Announced Company Ticker Units1 Price2 Gross Proceeds3 Agents
Mar 11, 2021 NexGen Energy Ltd NXE 33,400,000 $4.50 $150,300,000.00 BMO Capital Markets
Mar 22, 2021 Denison Mines Corp DML 78,430,000 $1.10 $107,872,222.01 Cantor Fitzgerald Canada
Feb 19, 2021 Denison Mines Corp DML 31,593,950 $0.91 $36,497,487.75 Cantor Fitzgerald Canada
May 11, 2021 Fission Uranium Corp FCU 57,500,000 $0.60 $34,500,000.00 Eight Capital
Feb 4, 2021 Ur-Energy Inc URE 16,930,530 $0.90 $15,237,477.00 Cantor Fitzgerald Canada

Top 5 Non-Brokered Financings ($CAD)

Announced Company Ticker Units1 Price2 Gross Proceeds3 Agents
Jan 21, 2021 GoviEx Uranium Ltd GXU 32,000,000 $0.25 $8,000,000.00 Non-brokered
Feb 8, 2021 Ucore Rare Metals Inc UCU 6,700,000 $1.00 $6,700,000.00 Non-brokered
May 14, 2021 Anfield Energy Inc AEC 57,645,295 $0.09 $4,899,850.08 Non-brokered
Mar 9, 2021 EnCore Energy Corp EU 3,550,000 $1.00 $3,550,000.00 Non-brokered
Mar 3, 2021 Azincourt Energy Corp AAZ 65,080,000 $0.05 $3,254,000.00 Non-brokered

Top Financings by Region ($CAD)

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Top 5 Underwriters ($CAD)

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Top Exercised Warrants in the Money

Announced Company Ticker Units1 Price2 Gross Proceeds3 Current Price4
Feb 19, 2021 Global Atomic Corp GLO 2,769,167 $0.85 $2,353,791.95 $2.96
May 9, 2021 Western Uranium & Vanadium Corp WUC 1,706,570 $1.15 $1,962,555.50 $3.12
Mar 4, 2021 Skyharbour Resources Ltd SYH 5,340,000 $0.27 $1,441,800.00 $0.50
Apr 22, 2021 Appia Energy Corp API 4,520,000 $0.30 $1,356,000.00 $1.06


  1. Total units shown consist of shares and warrants.
  2. Prices are represented in the currency of the placement.
  3. Gross proceed figures are converted to $CAD.
  4. Share price current as of market close on June 17th, 2021.