NexGen Energy Ltd. (NXE) Reports Major Uranium Discovery at Its Patterson Corridor East Project; Raymond James Reaffirms 'Buy' Rating

NexGen Energy Ltd. (NYSE:NXE) is one of the 12 Best Uranium Stocks to Buy Right Now.

NexGen Energy Ltd. (NYSE:NXE) reported a major uranium discovery on August 28, 2025, at its Patterson Corridor East project, which features high-grade mineralization at just 454.5 meters, the shallowest yet. Despite the persistence of strong alteration and structural disruptions, the company describes the project as evolving into a “world-class system,” with drilling indicating further potential.

Meanwhile, on the same day, Raymond James reaffirmed its ‘Buy’ rating on NexGen Energy Ltd. (NYSE:NXE) with a $9.03 price target, as the company looks well-positioned to strengthen its role in meeting surging uranium demand.

With its Rook I Project in Saskatchewan’s Athabasca Basin, which is home to the high-grade Arrow Deposit, NexGen Energy Ltd. (NYSE:NXE) explores and develops uranium properties. It is one of the best uranium stocks.

While we acknowledge the potential of NXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Unstoppable Canadian Stocks to Buy Now and 14 Best IT Stocks to Buy for the Long Term.

Disclosure: None.