Denison Mines Stock Price, News & Analysis

Denison Mines Corp. has announced a successful transition from its In-Situ Recovery (ISR) field program at the Phoenix uranium deposit to an extensive exploration drilling program at the Wheeler River Uranium Project. The new program will involve approximately 12,000 meters of drilling, focusing first on the Phoenix area for mineralization extensions and later on regional targets. Denison is well-funded with over CAD$29 million in cash following a US$19 million public offering. Despite a temporary suspension of the formal environmental assessment process, Denison aims for a robust operational future.

Denison Mines Corp. (DNN) announced the completion of its public offering of 51,347,321 common shares at US$0.37 per share, generating approximately US$19.0 million in gross proceeds. This includes proceeds from the partial exercise of an over-allotment option. The funds will primarily support evaluation and environmental assessments for the Wheeler River project and general working capital. The offering was managed by a syndicate led by Cantor Fitzgerald Canada Corporation and Haywood Securities Inc.

Denison Mines Corp. has expanded its previously announced bought deal offering, increasing the number of common shares to 47 million, raising approximately US$17.4 million at an issue price of US$0.37 per share. The company also granted underwriters an over-allotment option allowing the purchase of an additional 7.05 million shares, potentially generating up to US$2.6 million in gross proceeds. Funds will support evaluation and environmental activities on the Wheeler River project and cover general working capital. Closing is expected around October 14, 2020.

Denison Mines Corp. announced a bought deal offering of 27,030,000 common shares at US$0.37 each, aiming to raise approximately US$10 million. There’s an option to purchase an additional 4,054,500 shares, potentially increasing the total to US$11.5 million. Proceeds will fund evaluation and environmental assessments for Denison's Wheeler River project. The offering is anticipated to close around October 14, 2020, pending necessary approvals. A cash commission of 6.0% of the gross proceeds will be paid to underwriters.

Denison Mines Corp. (DNN) reported its Q2 2020 financial results, announcing significant advancements in its uranium projects. The company achieved a key milestone with 'proof of concept' for the In-Situ Recovery (ISR) mining method at the Phoenix deposit. Denison resumed ISR field testing, aiming to gather data for a future feasibility study. An $8 million equity financing was successfully completed to support operations through 2021. The upcoming months are expected to be crucial, with multiple catalysts, including exploration programs and assessments planned for the J Zone deposit.

Denison Mines Corp. (TSX: DML, NYSE American: DNN) announced a favorable ruling from the London Court of International Arbitration regarding arbitration with Uranium Industry a.s. (UI). The court ordered UI to pay USD $10,000,000 plus interest for violating obligations related to a 2015 asset sale in Mongolia. Payments were originally due on November 16, 2016, but were not made. The arbitration panel dismissed all other claims made by UI, confirming Denison's strong position in this dispute.

Denison Mines Corp. (DNN) announced the completion of a Concept Study for the J Zone uranium deposit located on its Waterbury Lake property. This study evaluates the potential of using the In-Situ Recovery (ISR) mining method, leading to the decision to initiate a Preliminary Economic Assessment (PEA) expected in late 2020. The J Zone contains estimated Indicated mineral resources of 12.81 million lbs U3O8 and lies close to the McClean Lake uranium mill. The ISR method is highlighted as a low-cost mining approach with significant economic potential.

Denison Mines Corp. (DNN) announced the successful resumption of In-Situ Recovery (ISR) field testing at its Phoenix uranium deposit as part of the Wheeler River Uranium Project. This 2020 Field Test aims to enhance the hydrogeologic model and support a future Feasibility Study. Fully funded, it includes pump/injection tests and groundwater sampling to de-risk ISR mining conditions. Enhanced COVID-19 safety protocols have been established for safe operations. However, the company acknowledges potential disruptions due to COVID-19 and changing public health guidelines.

Denison Mines Corp. held its Annual General Meeting on June 25, 2020, in Toronto, where shareholders elected all nominees from the management proxy circular dated May 12, 2020. Notable vote results include David D. Cates receiving 85.12% approval and W. Robert Dengler garnering 99.36%. All items of business presented during the meeting were approved. Denison continues to focus on uranium exploration in the Athabasca Basin, comprising over 250,000 hectares. Further voting results can be accessed on SEDAR and EDGAR.