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) has filed a technical report under NI 43-101 for the Preliminary Economic Assessment (PEA) of the Tthe Heldeth Tué (J Zone) deposit at the Waterbury Lake property, effective October 30, 2020. The report confirms previous disclosures, demonstrating robust economics including a mine life of approximately 6 years, production of 9.7 million lbs U3O8, and low operating costs of USD$12.23 per lb. Initial capital costs are projected at $112 million, with a pre-tax IRR of 39.1% and NPV of $177 million.
Denison Mines Corp. (DNN: NYSE American) announced the filing of a technical report for the Preliminary Economic Assessment (PEA) of the Heldeth Tué deposit at the Waterbury Lake property, effective October 30, 2020. The PEA confirms robust economics for the in-situ recovery (ISR) mining method, projecting a mine life of about 6 years, producing 9.7 million lbs of U3O8 at an average cash operating cost of USD$12.23 per lb. The report highlights low initial capital costs of $112 million and a pre-tax NPV of $177 million with an IRR of 39.1%. The project aims for minimal environmental impact and leverages existing infrastructure.
Denison Mines Corp. has completed a trade-off study endorsing a freeze wall design for its Phoenix uranium deposit at the Wheeler River Uranium Project. The freeze wall offers significant advantages over the previously considered freeze cap method, including enhanced environmental protection, reduced technical complexity, and lower initial capital costs. The phased approach allows for targeted mining of higher-grade areas, minimizing upfront investments. The project is anticipated to have a pre-tax NPV of $930.4 million and aims for first production in 2024.
Denison Mines announces the completion of a Preliminary Economic Assessment (PEA) for the Tthe Heldeth Tué deposit, indicating a robust economic outlook for the in-situ recovery (ISR) uranium mining project. Key highlights include:
- Mine life of ~6 years with projected production of 9.7 million lbs U3O8.
- Average operating costs estimated at USD$12.23 per lb U3O8 and initial capital costs of $112 million.
- Pre-tax IRR of 39.1% and pre-tax NPV of $177 million based on a uranium price of USD$53.59 per lb U3O8.
This project positions Denison as a competitive player in the uranium market.
Denison Mines Corp. (TSX: DML, NYSE American: DNN) has initiated an at-the-market (ATM) equity offering program, allowing sales of common shares worth up to USD$20 million via brokers on the TSX and NYSE American. The Company intends to use the proceeds for mineral property evaluations, project engineering, and general expenses. The ATM is effective until July 2, 2022, unless terminated earlier. Denison’s common shares are conditionally approved for listing on the TSX and approved on NYSE American.
Denison Mines Corp. (NYSE American: DNN) announces plans to restart the Environmental Assessment (EA) for its 90% owned Wheeler River Uranium Project by January 2021, following a temporary suspension due to COVID-19. The company has over $29 million in cash and aims to resume community engagement in 2021. Key activities include third-party technical studies and preparing a draft Environmental Impact Statement (EIS) targeted for early 2022. The Wheeler River project, significant for its large uranium resources, has been identified as critical for future development.
Denison Mines Corp. (DNN) released its financial statements for Q3 2020, highlighting a successful public offering that raised approximately US$19 million. The company reported over CAD$29 million in cash and remains debt-free. Denison resumed field activities at the Wheeler River site, focusing on the Phoenix In-Situ Recovery operation, which aims to be a low-cost uranium mining operation. Positive market trends in uranium, driven by nuclear energy's role in green initiatives and a stabilizing spot price around US$30/lb, further support Denison's growth potential.
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.