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. (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.