Uranium Stocks: NexGen’s “Generational Deposit”

Someone big will buy these guys pretty soon

NexGen Energy is developing a massive resource in the uranium-rich Athabasca Basin of Canada’s Saskatchewan province. But it won’t start producing until 2028, which means its stock runs afoul of a basic rule of junior miner investing: don’t bother with them until they’re close to stepping up to the next valuation level. Since NexGen won’t graduate to “producer” for five more years, conventional wisdom says it’s dead money until at least 2026.