Uranium Recommendations

Energy Fuels Inc.

Rob Chang, Cantor Fitzgerald (3/23/17) "EFR received the final license for expansion of Nichols Ranch."

David Talbot, Eight Capital (3/23/17) "The final permit derisks EFR's Wyoming ISR pipeline for several years."

NexGen Energy Ltd.

Rob Chang, Cantor Fitzgerald (3/23/17) "NXE's Harpoon is shaping up to be a meaningful deposit itself."

David Talbot, Eight Capital (3/23/17) "NXE's Harpoon zone has a 240m long strike and remains wide open."

James Kwantes, Resource Opportunities (3/22/17) "NXE's 35,000m winter drill program at Arrow should deliver more hits."

Alexander Pearce, BMO Capital Markets (3/20/17) "We have upgraded NXE to Outperform following its resource udpate."

Fission Uranium Corp.

Alexander Peace, BMO Capital Markets (3/20/17) "FCU's E&D activities are fully funded for the next 1824 months."

Rob Chang, Cantor Fitzgerald (3/20/17) "FCU discovered a new mineralized zone (R1515W) at PLS, west of R840W."

Energy Fuels Inc.

Eric Coffin, Hard Rock Analyst (3/19/17) "For 2017, EFR estimates 350 Klb uranium production at Nichols Ranch."

NexGen Energy Ltd.

Rob Chang, Uranium Investing News (3/16/17) "I am certain NXE's Arrow is going to become a mine."

Fission Uranium Corp.

Rob Chang, Uranium Investing News (3/16/17) "FCU is a low-cost operator in the making."

Energy Fuels Inc.

Rob Chang, Uranium Investing News (3/16/17) "EFR is the best leverage to the uranium price."

Rob Chang, Cantor Fitzgerald (3/10/17) "During 2016, EFR sold 1.15 Mlb and recovered 1,015 Klb U3O8."

Joe Reagor, ROTH Capital Partners (3/10/17) "Canyon could provide significant catalysts for EFR throughout 2017."

NexGen Energy Ltd.

Gwen Preston, Resource Maven (3/8/17) "A2 at NXE's Arrow contains 165 Mlb U3O8 at an 18.84% average grade."

David Davidson, Paradigm Capital (3/7/17) "We remain convinced NXE will add additional U3O8 pounds to Arrow."

Jamie Spratt, Clarus Securities (3/7/17) "NXE's Arrow grew ~50% to 302 Mlb U3O8 in the global resource."

David Talbot, Eight Capital (3/6/17) "NXE's 301.6 Mlb U3O8 resource estimate at Arrow bodes well for a PEA."

Rob Chang, Cantor Fitzgerald (3/6/17) "NXE's $65M cash on hand should sustain over two years of drilling."

Gwen Preston, Resource Maven (3/4/17) "NXE offers good odds of a 50% gain in the next 12 months."

Energy Fuels Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17) "Hole 11 at EFR's Canyon showed 6 ft of 16.99% U3O8 and 1.2% copper."

Fission Uranium Corp.

Rob Chang, Cantor Fitzgerald (2/27/17) "A new hit at FCU's PLS property highlights potential for a new zone."

David Talbot, Eight Capital (2/27/17) "FCU intersected further uranium at PLS' far eastern R1620E zone."

NexGen Energy Ltd.

David Talbot, Eight Capital (2/23/17) "Several NXE drill holes intersected broad zones of mineralization."

Energy Fuels Inc.

Eric Coffin, Hard Rock Analyst (2/22/17) "EFR is well positioned for a renewed uranium bull market."

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."