Denison Mines Stock Price, News & Analysis

Denison Mines (TSX: DML) (NYSE American: DNN) has announced the filing of its 2024 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission. The filing includes the company's annual information form, management discussion and analysis, and audited financial statements for the year ended December 31, 2024.

The Form 40-F documentation has been made available on Denison's website and the SEC's EDGAR platform. Additionally, the annual information form has been filed with Canadian regulatory authorities and can be accessed through SEDAR+. Shareholders can request a free printed copy of the Annual Report by contacting the company via email or mail.

Denison Mines (TSX: DML, NYSE: DNN) has announced significant changes to its Board of Directors. Ken Hartwick, former CEO of Ontario Power Generation (OPG), has joined the board effective March 19, 2025, bringing over 40 years of experience in finance, corporate leadership, and energy sectors. During his 9-year tenure at OPG, Hartwick led initiatives in climate change, electrification, and Small Modular Reactors deployment.

The appointment follows the retirement of Brian Edgar, who served as a Director for over 20 years. Additionally, Jinsu Baik, currently General Manager of KHNP's Nuclear Fuel Cycle Management Section, has replaced Jong Ho Hong as Korea Hydro Nuclear Power's nominated board member, effective March 13, 2025. KHNP currently holds approximately 6.5% of Denison's shares.

Denison Mines (TSX: DML, NYSE: DNN) reported significant progress in 2024 towards developing the Phoenix ISR uranium project. The company achieved ~65% completion of total engineering and secured key regulatory milestones, including CNSC's acceptance of the final Environmental Impact Statement. A two-part public hearing is scheduled for late 2025, potentially enabling project approvals and construction start in early 2026.

The company signed multiple agreements in 2024: a Mutual Benefits Agreement with Kineepik Métis Local #9, a Community Benefit Agreement with Pinehouse Lake, and a Sustainable Communities Investment Agreement with multiple northern municipalities. These agreements secured community support for Wheeler River development.

Notable developments include the planned restart of McClean Lake mining operations in 2025 using SABRE mining method, completion of ISR field testing at Midwest, and strategic partnerships with Foremost Clean Energy and Cosa Resources for exploration projects. The company maintains its target for Phoenix's first production by first half of 2028.

Denison Mines (TSX: DML, NYSE: DNN) has announced key dates for the Canadian Nuclear Safety Commission (CNSC) public hearing for its Wheeler River Uranium Project. The hearing is scheduled in two parts: October 8, 2025, and December 8-12, 2025, marking the final step in the federal approval process for both Environmental Assessment and License to Prepare and Construct.

Following successful completion of multiple regulatory milestones in late 2024, including technical review completion and acceptance of the final Environmental Impact Statement, construction of the Phoenix In-Situ Recovery project could begin in early 2026. The company maintains its target for first production by first half of 2028.

Denison Mines has executed an agreement with Cosa Resources to form three uranium exploration joint ventures in Saskatchewan's Athabasca Basin region. Cosa will acquire a 70% interest in Denison's Murphy Lake North, Darby, and Packrat properties in exchange for approximately 14.2 million Cosa common shares (~19.95% ownership), $2.25M in deferred equity, and a commitment to spend $6.5M in exploration. Denison will retain a 30% interest in the properties and receive royalties (2% NSR on Darby and Packrat, 0.5% NSR on Murphy Lake North). The deal includes rights for Denison to nominate board directors and maintain strategic pre-emptive rights.

Denison Mines has submitted its final Environmental Impact Statement (EIS) for the Wheeler River Uranium Project to the Canadian Nuclear Safety Commission (CNSC), marking a significant milestone in the federal Environmental Assessment process. The submission follows extensive technical review and incorporates feedback from Indigenous nations and multiple stakeholders. The project received support through letters of consent from English River First Nation, Kineepik Métis Local #9, and several northern municipalities.

The Wheeler River Project, 90% owned by Denison, is the largest undeveloped uranium project in the eastern Athabasca Basin. The company has also completed requirements for a licence to prepare and construct a uranium mine, enabling CNSC to make concurrent licensing decisions with the EA approval process.

Denison Mines announces participation in Foremost Clean Energy's private placement, investing $1,822,800 for 607,600 units at $3.00 per unit. Following the $10.5M offering completion, Denison now owns 1,977,410 Foremost shares (19.13%) and 607,600 warrants (13.09%). This investment supports Foremost's exploration of Saskatchewan uranium properties under a previously established option agreement, where Foremost can earn up to 70% interest in 10 Denison properties.

Denison Mines reported Q3 2024 results highlighting progress on its Phoenix In-Situ Recovery uranium mining operation. Engineering completion reached 45%, with $21 million in milestone payments or commitments made for initial project capex. The company reports near completion of the Federal review process for the Wheeler River Environmental Impact Statement. Key developments include signing benefit agreements with Kineepik Métis Local #9 and Pinehouse Lake, and an option agreement with Foremost Clean Energy for 10 non-core uranium exploration properties worth up to $30 million in combined value.

Denison Mines Corp. (TSX: DML) (NYSE American: DNN) has filed an early warning report regarding its holdings in Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT). On October 4, 2024, Denison acquired 1,369,810 common shares of Foremost, representing approximately 19.95% of Foremost's outstanding shares. This acquisition was part of an option agreement dated September 23, 2024, allowing Foremost to acquire up to 70% of Denison's interest in 10 uranium exploration properties over three phases.

The agreement includes cash or stock payments to Denison and Foremost-funded exploration expenditures. As part of the deal, David Cates, Denison's President and CEO, was appointed to Foremost's board, and Andy Yackulic, Denison's VP of Exploration, became a Technical Advisor to Foremost. An investor rights agreement was also executed, giving Denison pre-emptive rights to maintain its ownership percentage in Foremost.