$PALADIN ENERGY LTD(PDN.AU)$Rising fossil fuel price and the restrictions in logistics and space for many renewable sources, nuclear energy remains at least ten percent of global energy usage. Despite the weakness in uranium stocks, the one that I am recommending remains well in front, sector flagbearer Paladin Energy (PDN) is up over 70% since I first added it in April 2021.

Paladin Energy Limited is an Australian uranium exploration company and uranium miner. It is one of the only large-scale uranium producers in the world.

Uranium production is complicated. In the first step it is filtered and dried to produce uranium oxide concentrate, often referred to as 'yellowcake'. Uranium can take many chemical forms, but is generally found as uranium oxide. Uranium oxide is its most stable form.

The uranium deposit at its Honeymoon uranium mine. BOE has a processing plant and is fully permitted for uranium mining including production, storage and export. It is expanding production and has an existing solvent extraction plant.