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. reports on uranium mining, exploration, and development activities tied to its Canadian asset base and uranium market exposure. Company updates include financial and operational results, the Phoenix ISR uranium mine, annual reporting, and capital and project decisions affecting its uranium portfolio.
Recurring news also covers Athabasca Basin exploration relationships, including Cosa-operated Murphy Lake North and Darby joint ventures in Saskatchewan where Denison holds 30% interests, and JCU-related project interests such as Millennium, Kiggavik, and Christie Lake. Industry updates place DNN within broader uranium supply, nuclear fuel, and nuclear energy market developments.
Denison Mines Corp. (DNN) announced the initiation of its In-Situ Recovery (ISR) field test at the Wheeler River Uranium Project. The drilling equipment for five Commercial Scale Wells (CSWs) has been mobilized, with four successfully completed and the fifth expected soon. This ISR program aims to assess mining conditions and support a future feasibility study. The program includes installing additional monitoring wells and extensive hydrogeologic testing, expected to validate the effectiveness of the ISR method at the high-grade Phoenix uranium deposit.
Denison Mines Corp. (DNN) announced the discovery of high-grade uranium mineralization at its McClean Lake Joint Venture project. The winter 2021 exploration program included 15 drill holes, with drill hole MCS-34 showing impressive results of 5.04% eU3O8 over 14.0 metres. The mineralization is open along strike, indicating potential for further discovery. Denison's partnership with Orano Canada enhances its development prospects in the Athabasca Basin, with the McClean Lake mill having excess capacity to process future ore from these new discoveries.
Denison Mines Corp. (DNN) has entered agreements with the English River First Nation (ERFN) to advance its Wheeler River Uranium Project in Saskatchewan. The Participation and Funding Agreement, along with a Letter of Intent, aims to facilitate ERFN's engagement in the project's Environmental Assessment (EA) process, promoting economic opportunities and sustainable development. Additionally, an Exploration Agreement has been established to support cooperative exploration activities in ERFN's traditional territories. These collaborations aim for mutual benefits and respect for Indigenous rights in mining operations.
Denison Mines Corp (NYSE American: DNN) announced the procurement of 2.5 million pounds of uranium concentrates at an average price of USD$29.61 per pound, totaling approximately USD$74 million. This move supports the Wheeler River Uranium Project, enhancing Denison's balance sheet and easing future project financing. The physical uranium holdings, valued at around USD$78 million, will provide collateral and flexibility for long-term supply negotiations. The purchase comes amid rising uranium prices, which increased by approximately 15% in March 2021.
Denison Mines Corp. has filed its 2020 annual report on Form 40-F with the SEC, including management discussions and audited financial statements for the year ended December 31, 2020. The report is accessible on Denison's website and the SEC's site. The company has also filed its Annual Information Form with Canadian regulators. Denison focuses on uranium exploration, particularly in the Athabasca Basin of Saskatchewan, owning significant projects including the Wheeler River Uranium Project and a stake in the McClean Lake joint venture.
Denison Mines Corp. (DNN) announced its inclusion in the S&P/TSX Composite Index effective March 22, 2021. This milestone reflects heightened investor interest in nuclear energy. President David Cates emphasized the company's commitment to sustainable mining practices, particularly through its Wheeler River project. The index inclusion aims to enhance Denison's visibility among investors, potentially increasing shareholder value. The S&P/TSX Composite Index is recognized as a major benchmark for the Canadian equity market.
Denison Mines Corp. (DNN) has published its 2020 financial results, showcasing significant progress in de-risking its Wheeler River project. Key highlights include achieving 'Proof of Concept' for In-Situ Recovery (ISR) at the Phoenix deposit, restarting the Environmental Assessment process, and completing equity financings totaling over $56 million. The company maintains a strong financial position with approximately $85 million in cash and investments, while remaining debt-free. Denison aims to advance its ISR mining project, expected to pair with the world's lowest cost uranium mining method.
Denison Mines Corp. (TSX: DML, NYSE: DNN) announced significant results from its 2020 exploration drilling program at the Wheeler River project. The company completed 19 drill holes totaling approximately 7,400 metres, with notable findings in Zone C, including high-grade uranium intersections of 5.69% U3O8 over 5.0 metres in WR-328D1 and 8.84% U3O8 over 2.5 metres in WR-767D1. These results suggest a potential extension of the mineralized zone, improving prospects for future resource development. The Phoenix project is positioned as the largest undeveloped uranium project in the eastern Athabasca Basin.
Denison Mines Corp. has announced an ambitious evaluation program for its 90% owned Wheeler River Uranium Project in 2021, including a $24 million budget allocation. Key activities include resuming the Environmental Assessment (EA) process, advancing In-Situ Recovery (ISR) mining methods at the high-grade Phoenix deposit, and initiating a formal Feasibility Study (FS) by late 2021. The program aims to address hydrogeological characteristics, establish a lixiviant test, and optimize metallurgical processes. Current estimates indicate approximately 6.6 million pounds of uranium in anticipated reserves within the project area.
Denison Mines Corp. announced significant findings from its 2020 regional exploration program at the Wheeler River Uranium Project. Notably, drill hole WR-741AD2 revealed high-grade uranium mineralization of 7.66% U3O8, approximately 4 km from the Phoenix deposit. The results also highlighted a substantial nickel presence of up to 19.1%. Denison aims to utilize this mineralization for a potential satellite deposit to support the planned Phoenix In-Situ Recovery operation, currently in the environmental assessment phase. The company maintains that Wheeler River is the largest undeveloped uranium project in the Athabasca Basin.