5 Best-performing Canadian Uranium Stocks of 2025
“The uranium spot price and uranium miners have experienced a notable decline following the start of President Trump’s second term,” Jacob White, ETF product manager at Sprott Asset Management, wrote in a March report. “While this performance has been frustrating, it is important to separate the intense market noise from the longer-term fundamental picture, which remains clear.”
The market overview went on to suggest that now may be a good time to invest in the sector ahead of the long term growth that has been projected from increased nuclear energy demand led by the massive amount of power required by AI data centers.
Despite this challenging landscape, several Canadian uranium companies were able to register gains during Q1 2025. Below are the best-performing Canadian uranium stocks by share price performance. All data was obtained on March 31, 2025, using TradingView’s stock screener, companies on the TSX, TSXV and CSE with market caps above C$10 million at the time were considered.
Read on to learn about the top Canadian uranium stocks in 2025, including what factors have been moving their share prices.
1. CanAlaska Uranium (TSXV:CVV)
Year-to-date gain: 15.71 percent
Market cap: C$148.97 million
Share price: C$0.81
CanAlaska Uranium is a self-described project generator with a portfolio of assets in the Saskatchewan-based Athabasca Basin. The region is well known in the sector for its high-grade deposits.
The company’s portfolio includes the West McArthur joint venture, which is situated near sector major Cameco (TSX:CCO,NYSE:CCJ) and Orano Canada’s McArthur River/Key Lake mine joint venture. CanAlaska owns an estimated 85.79 percent of West McArthur, with the remainder owned by Cameco.
2025 started with the company announcing plans for an aggressive exploration program at West McArthur and the first drilling in more than a decade at its Cree East uranium project. The C$12.5 million drill program at West McArthur is aimed at expanding and delineating the high-grade Pike zone uranium discovery.
In a subsequent release on February 5 outlining assays from the first five holes of the program, CanAlaska reported one hole intersected 14.5 meters grading 12.2 percent U3O8 equivalent, including 5 meters at 34.38 percent. CanAlaska CEO Cory Belyk said the initial results “include the best ultra high-grade uranium mineralization encountered to date on the project.”
In early February, CanAlaska commenced a drill program at its wholly owned Cree deposit in the south-eastern portion of the Athabasca Basin. The multi-target drill program is funded by Nexus Uranium (CSE:NEXU,OTCQB:GIDMF) as part of an option earn-in agreement.
As the quarter drew to a close, the company provided another update on the Pike zone drill program, which confirmed “additional high-grade unconformity uranium mineralization.”
Shares of CanAlaska reached a Q1 high of C$0.93 on March 30.
Read More: 5 Best-performing Canadian Uranium Stocks of 2025