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. (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.