Uranium Recommendations

Energy Fuels Inc.

Rob Chang, Cantor Fitzgerald (2/17/17) "EFR has received EPA approval for its Jane Dough well field."

Colin Healey, Haywood Securities (2/17/17) "EFR continues to effectively navigate the complex permitting process."

UEX Corp.

David Talbot, Eight Capital (2/14/17) "Assays from UEX's Christie Lake show thick, ultra high-grade uranium."

Energy Fuels Inc.

Heiko Ihle, Rodman & Renshaw (2/3/17) "EFR is a strategic US uranium producer that is poised to take advantage of future U3O8 price improvements."

Fission Uranium Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17) "FCU is about to embark on an aggressive exploration program at PLS."

Energy Fuels Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17) "EFR's Roca Honda conventional uranium mine is ready for production."

UEX Corp.

David Talbot, Dundee Capital Partners (1/30/17) "UEX has discovered a massive unconformity-style uranium mineralization at Christie Lake."

NexGen Energy Ltd.

Gwen Preston, Resource Maven (1/25/17) "NXE has the best uranium discovery in the world in many many years."

James Kwantes, Resource Opportunities (1/19/17) "NXE's Arrow is a generational type of discovery and deposit that I continue to believe will be taken over by a major."

Energy Fuels Inc.

Smallcap Power (1/13/17) "EFR is one of three TSX uranium stocks that we have identified with the greatest leverage to a rising uranium price."

Joe Reagor, ROTH Capital Partners (1/10/17) "The BLM issued a final EIS and ROD on EFR's Sheep Mountain project in Wyoming; we are maintaining our Buy rating."

Colin Healey, Haywood Securities (1/10/17) "The recent regulatory approvals represent derisking events for EFR's Sheep Mountain project and are only positive."

Eric Coffin, Hard Rock Analyst (1/8/17) "EFR has staged a huge comeback in the past three weeks."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/27/16) "EFR's eye-popping copper grades could allow the company to improve the economics significantly at Canyon."

NexGen Energy Ltd.

David Talbot, Dundee Capital Partners (12/20/16) "We believe NXE's drill results should delineate higher-grade areas within areas previously believed lower grade."

David Talbot, Dundee Capital Partners (12/14/16) "We expect NXE to remain a leader in the uranium sector moving into 2017; it remains our top exploration pick."

Gwen Preston, Resource Maven (12/14/16) "If uranium continues to strengthen I would expect NXE shares to offer strong leverage, given that Arrow is the best uranium discovery in the world."

James Kwantes, Resource Opportunities (12/11/16) "If you want exposure to uranium, NXE is best of breed."

David Talbot, Dundee Capital Markets (11/18/16) "Scintillometer results from 38 holes at NXE's Rook 1 materially expanded five entirely different areas."

Gwen Preston, Resource Maven (11/9/16) "NXE released results from 14 new holes at Arrow and, once again, the results are stellar."

Energy Fuels Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/8/16) "The fact that UUUU was able to raise a large sum is a sign that the smart money believes the market is going to turn."

Fission Uranium Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/8/16) "FCU has been drilling on the outer limits of its Triple R deposit to grow the already world-class stash of uranium."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (11/8/16) "NXE's A2 Shear HG Subzone assays are today's most impressive results by a long shot."

Colin Healey, Haywood Securities (11/8/16) "NXE assays confirm strong intercepts in A2 and A1."

UEX Corp.

David Talbot, Dundee Capital Markets (11/7/16) "Today's results from UEX are an excellent first step at expanding Ken Pen; we recommend the company as a Buy."

Energy Fuels Inc.

Heiko Ihle, Rodman & Renshaw (11/7/16) "UUUU has accumulated a combination of conventional and ISR uranium projects that should provide investors with leverage to potentially increasing uranium prices."

David Talbot, Dundee Capital Markets (11/4/16) "UUUU's production beat our forecast slightly; COGS and realized prices beat considerably."

Rob Chang, Cantor Fitzgerald (11/4/16) "We continue to view UUUU as a strong uranium price leverage play with the production capability to be the dominant U.S. domestic producer."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (11/2/16) "Combining NXE's Arrow and 180m SW might add significant pounds."

Energy Fuels Inc.

David Talbot, Dundee Capital Markets (10/31/16) "A total of 620,000 lbs U3O8 will likely be enough for UUUU to become the top American uranium producer."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (10/30/16) "NXE's Arrow is already a top two or three deposit in the Athabasca Basin."

Energy Fuels Inc.

Joe Mazumdar, Exploration Insights (10/30/16) "EFR's Canyon Mine uranium project returned some impressive copper intersections."

Colin Healey, Haywood Securities (10/28/16) "Drilling at EFR's Canyon Mine in Northern Arizona has intersected significant copper mineralization in five holes."

David Talbot, Dundee Capital Markets (10/27/16) "Copper and silver mineralization was identified at EFR's Canyon Mine; there is potential to improve economics at this already high-grade uranium mine."

Fission Uranium Corp.

Rob Chang, Cantor Fitzgerald (10/27/16) "FCU's high-grade R840W Zone, along with the R1620E Zone, has the potential to add to the current resource."

NexGen Energy Ltd.

Rob Chang, Cantor Fitzgerald (10/27/16) "NexGen has intercepted several world-class drill holes that may rank among the best ever drilled on the planet."

Energy Fuels Inc.

Rob Chang, Cantor Fitzgerald (10/27/16) "UUUU has discovered an extensive system of high-grade copper mineralization at its Canyon mine."

Fission Uranium Corp.

Heiko Ihle, Rodman & Renshaw (10/25/16) "We view FCU as an eventual takeout target and expect future drilling campaigns to expand the project's resource base."

David Talbot, Dundee Capital Markets (10/24/16) "Like beads on a necklace, there are already at least 10 zones that occur along trend within FCU's PLS, Arrow and Spitfire deposits."

Energy Fuels Inc.

Joe Reagor, ROTH Capital Partners (10/17/16) "EFR has a strong asset portfolio, which should allow the company to demonstrate strong production growth once the uranium price recovers."

NexGen Energy Ltd.

Gwen Preston for The Gold Report (10/13/16) "NXE's Arrow is big, it is high grade, it is mineable, and it is in a good jurisdiction; it will become a mine one day."

Fission Uranium Corp.

David Talbot, Dundee Capital Markets (10/12/16) "FCU's R1620E zone returned its highest grades to date."

Energy Fuels Inc.

Joe Mazumdar, Exploration Insights (10/2/16) "EFR's Nichols Ranch and Alta Mesa ISR projects represent low-cost production that requires minimal capital to ramp up in an improving market environment."

Brien Lundin, Gold Newsletter (Jefferson Financial) (10/1/16) "EFR is positioning itself perfectly to take advantage of the next big surge in uranium prices."

NexGen Energy Ltd.

Colin Healey, Haywood Securities (9/28/16) "We believe NXE is peerless in the Athabasca Basin and globally as an exploration/developer play."

David Talbot, Dundee Capital Markets (9/28/16) "Impressive scintillometer results demonstrate continued material expansion of mineralized zones at NXE's Arrow."

Gwen Preston, Resource Maven (9/28/16) "NXEs Arrow deposit is one of the best mineral discoveries of the decade, regardless of commodity."

Fission Uranium Corp.

David Talbot, Dundee Capital Markets (9/26/16) "FCU's initial results look very good with high-grade uranium assays reported from both ends of the 2.63km PLS trend in the Athabasca Basin."

Energy Fuels Inc.

Heiko Ihle, Rodman & Renshaw (9/22/16) "EFR is in a great position to weather the spot market downturn."

Joe Mazumdar, Exploration Insights (9/18/16) "EFR's goal remains to become the largest U.S. based U3O8 producer and is one of a few uranium producers with the capability to produce U3O8 from a variety of sources."

David Talbot, Dundee Capital Markets (9/12/16) "Today's 2017 guidance update from EFR beat our expectations; we reiterate our Buy recommendation and increase our target price."

UEX Corp.

David Talbot, Dundee Capital Markets (9/8/16) "Assays highlight an ultra-high grade core at UEX'S Paul Bay deposit."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (9/6/16) "NXE's drilling was successful on several fronts."

Colin Healey, Haywood Securities (9/6/16) "NXE's results are positive in that they continue to increase confidence in the continuity of grade and thickness of mineralization at the A2 shear high-grade domain."

Energy Fuels Inc.

Eric Coffin, HRA Advisory (9/6/16) "EFR is the best play for a potential increase in uranium prices."

Brien Lundin, Gold Newsletter (Jefferson Financial) (9/1/16) "EFR has the pounds-in-the-ground and the processing infrastructure to quickly monetize any significant uptick in uranium prices."

Fission Uranium Corp.

Heiko Ihle, Rodman & Renshaw (8/26/16) "We continue to view FCU as a takeout target and expect the firm to continue to aggressively drill the project."

David Talbot, Dundee Capital Markets (8/24/16) "Great strides are being made by Fission Uranium Corp. to derisk economics via drilling, metallurgy and ongoing review of mine scheduling and project infrastructure."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (8/24/16) "We recommend NXE, our top uranium exploration pick."

Gwen Preston, Resource Maven (8/24/16) "All NXE needs is for the uranium price to come to life and it will be the belle of the ball."

Colin Healey, Haywood Securities (8/23/16) "We estimate NXE controls the largest and most strategically important undeveloped high-grade uranium deposit in a world class jurisdiction."

James Kwantes, Resource Opportunities (8/22/16) "NXE's Harpoon discovery, puts NexGen squarely on the radar for three of the worlds largest uranium producers."

Energy Fuels Inc.

Joe Mazumdar, Exploration Insights (8/21/16) 'High grades from EFR's Canyon Mine could make the project a priority to bring into production by 2017."

NexGen Energy Ltd.

Gwen Preston, Resource Maven (8/17/16) "Continue to accumulate NXE stock for its best-in-class Arrow deposit, the prospectivity of its Rook property, and the leverage NexGen will provide when uranium prices start to strengthen.

Colin Healey, Haywood Securities (8/12/16) "NXE's drill results speak to the sheer scale of the mineralizing system crossing the property."

David Davidson, Paradigm Capital (8/12/16) "NXE's Harpoon announcement has reinforced the view that this truly is a world-class discovery and Arrow is just one pearl on the string."

Jamie Spratt, Clarus Securities (8/12/16) "NXE has a world-class, high-margin asset, massive growth potential and M&A upside providing multiple levels of upside regardless of U3O8 price performance."

David Talbot, Dundee Capital Markets (8/11/16) "NXE, our top uranium exploration pick, is not done discovering new zones; we expect Harpoon zone to grow."

Energy Fuels Inc.

Joe Reagor, ROTH Capital Partners (8/9/16) "We are maintaining our Buy rating as we believe EFR should see a recovery in its share price as uranium market conditions improve later this year."

Heiko Ihle, Rodman & Renshaw (8/8/16) "EFR's long-term contracts continue to allow for production to be sold at prices significantly higher than current spot prices."

David Talbot, Dundee Capital Markets (8/8/16) "EFR has an impressive portfolio of mine-ready projects."

NexGen Energy Ltd.

David Talbot, Dundee Capital Markets (8/8/16) "NXE's Arrow Deposit not only continues to show high-grade U3O8, but portions of the deposit are getting wider."

Colin Healey, Haywood Securities (8/8/16) "The potential of NXE's A1 shear zone to host significant uranium resources improves with each drill hole cutting the zone."

Energy Fuels Inc.

Joe Mazumdar, Exploration Insights (8/7/16) "EFR's Alta Mesa ISR plant is an asset that can be brought on line fairly quickly with minimal upfront capital."

NexGen Energy Ltd.

Colin Healey, Haywood Securities (8/5/16) "NXE is peerless in the Athabasca Basin and globally as an exploration/developer play."

Fission Uranium Corp.

David Talbot, Dundee Capital Markets (8/2/16) "Drill results from nine holes at FCU's Triple R demonstrate wide zones, high-grade cores and shallow uranium mineralization."

Energy Fuels Inc.

Colin Healey, Haywood Securities (8/2/16) "EFR is well positioned to resume operations at Alta Mesa when uranium prices justify."

NexGen Energy Ltd.

Colin Healey, Haywood Securities (7/27/16) "The size potential of NXE's Arrow deposit is still largely uncapped, with big growth potential."

Gwen Preston, Resource Maven (7/27/16) "Drill results are now suggesting NXE's A1 might host a high-grade zone."

David Talbot, Dundee Capital Markets (7/27/16) "We believe that NXE's expansion drilling should continue to drive the stock."