Welcome to our dedicated page for Denison Mines news (Ticker: DNN), a resource for investors and traders seeking the latest updates and insights on Denison Mines stock.
Denison Mines Corp (DNN) generates frequent news as it advances uranium mining, development, and exploration projects in the Athabasca Basin region of northern Saskatchewan, Canada. News coverage often centers on its flagship Wheeler River Uranium Project, where the company is progressing the Phoenix in-situ recovery (ISR) uranium mine and the Gryphon underground deposit through feasibility, permitting, and pre-construction stages.
Investors following DNN news can expect updates on regulatory milestones for Wheeler River, including Environmental Assessment approvals and Canadian Nuclear Safety Commission hearings related to licences for site preparation and construction. Denison also issues news on project readiness at Phoenix, such as detailed engineering progress, procurement of long-lead equipment, and the availability of grid power at the future mine site through a new 138kV transmission line installed by SaskPower.
Company releases frequently highlight Denison’s broader portfolio, including production and development activities at the McClean Lake Joint Venture using the SABRE mining method at McClean North, as well as its interests in the Midwest, Waterbury Lake, and other Athabasca Basin properties. News items may also cover strategic transactions and joint ventures, such as agreements with Skyharbour Resources to form exploration joint ventures around the Russell Lake property adjacent to Wheeler River.
Another recurring theme in Denison’s news is its engagement with Indigenous and northern communities. The company has reported signing an Impact Benefit Agreement and Exploration Agreement with Métis Nation–Saskatchewan and a regional Nuhenéné Benefit Agreement with First Nations and northern municipalities, providing consent and support for key projects. For readers tracking DNN, this news page offers a centralized view of operational, regulatory, partnership, and community-related developments affecting Denison’s uranium business.
Denison Mines Corp. announced the election results from its Annual General Meeting held in Toronto on May 4, 2022. All nominees listed in the management proxy circular dated March 23, 2022, were successfully elected as directors. Notably, David D. Cates received 98.33% of votes in favor, while Ron F. Hochstein faced significant opposition with only 73.40%. The Board affirmed Hochstein’s independence, despite recommendations from proxy advisors suggesting a withhold vote. All other business items presented to shareholders were approved.
On March 29, 2022, Denison Mines Corp. (NYSE: DNN) announced significant discoveries of high-grade uranium mineralization during its 2022 winter exploration program at the Waterfound River property. Notable results included drill hole WF-68, which revealed 5.91% eU3O8 over 3.9 metres, with a peak of 25.30% eU3O8 over 0.7 metres. Denison holds a 24.68% ownership in the Waterfound JV, involving key partners Orano Canada and JCU. The mineralization remains open for further exploration, showcasing Denison's strong potential for future mill feed at the McClean Lake mill.
Denison Mines Corp. has filed its 2021 Annual Report on Form 40-F with the U.S. SEC, which includes management discussion and audited financial statements for the year ending December 31, 2021. The Form 40-F is accessible on Denison's website and the SEC's site. Additionally, an Annual Information Form has been filed with Canadian authorities and is also available online. Denison is a uranium exploration and development company focused on the Athabasca Basin in Saskatchewan, holding a 95% interest in the Wheeler River Uranium Project, the largest undeveloped project in the region.
Denison Mines Corp. announced its 2021 financial results, showing earnings of $0.02 per share. The uranium market's improvement significantly boosted the company's balance sheet, with a $41.4 million gain on its uranium holdings. Successful ISR field tests at the Phoenix deposit support Denison's advancement towards a feasibility study. In 2021, Denison raised $48.2 million for environmental assessments and secured funding for various projects. The company also acquired a 50% stake in JCU, enhancing its portfolio in Canada's uranium sector.
Denison Mines Corp. (DNN) announced significant intersections of high-grade uranium at the Phoenix deposit, expanding the defined extents of the high-grade domain. Notable results include 24.9% eU3O8 over 4.2 meters in drill hole GWR-049 and additional high-grade findings in GWR-045, WR-784, and WR-787. These discoveries could enhance the resource model and indicate further exploration potential. The project holds a significant pre-tax NPV of $1.31 billion and a mine life projection of 14 years, marking it as a crucial development in the uranium sector.
Denison Mines Corp. has appointed Laurie Sterritt to its Board of Directors and Kevin Himbeault as Vice President of Plant Operations & Regulatory Affairs. Sterritt brings over 25 years of experience in Indigenous and community relations, emphasizing diversity and inclusion. Himbeault has extensive expertise in uranium processing and regulatory affairs, crucial for the company's Wheeler River project. Both appointments aim to strengthen Denison's leadership at a pivotal growth phase.
Denison Mines Corp. (TSX: DML, NYSE American: DNN) has received approval from the Canadian Nuclear Safety Commission to expand the JEB Tailings Management Facility at the McClean Lake Operation. This facility is currently the only uranium milling operation in Canada, enhancing its role as a regional milling center for uranium mining projects in the Athabasca Basin. The amendment to the operating license is valid until June 30, 2027, and allows for environmentally responsible capacity expansion, supporting current and future mining initiatives.
Denison Mines Corp. (TSX: DML, NYSE American: DNN) announced a Repayment Schedule Agreement with Uranium Industry a.s. (UI), receiving an initial debt repayment of US$2 million. This Agreement stems from a July 2020 arbitration ruling where UI was ordered to pay Denison USD$10 million plus interest for breaching obligations under a previous sale agreement. Overall, UI is scheduled to pay a total of approximately US$16 million by December 31, 2025. The Agreement includes conditions favoring Denison, such as limits on UI's additional debt.
Denison Mines Corp. (TSX: DML, NYSE American: DNN) announced the adoption of an Indigenous Peoples Policy (IPP), reflecting its commitment to reconciliation with Indigenous peoples in Canada. The IPP aims to foster respectful relationships and includes five key action areas: Engagement, Empowerment, Environment, Employment, and Education. This initiative is crucial for Denison's operations across territories governed by Treaties 6, 8, and 10, which involve various Indigenous communities. CEO David Cates emphasized the importance of this policy in promoting awareness and reconciliation efforts.
Denison Mines Corp. announced its Q3 2021 financial results, showcasing advancements in its Phoenix uranium project. Highlights included successful ISR field tests, initiation of a Feasibility Study, and exploration drilling at Wheeler River. The Company acquired a 50% stake in JCU for $20.5 million, enhancing its uranium assets. Denison also reported proceeds of up to $41.6 million from the sale of GoviEx shares. With positive market trends and a strong balance sheet, Denison is positioned to become a significant uranium supplier in the future.