Denison Mines Stock Price, News & Analysis

On April 12, 2023, Denison Mines Corp. (DNN) announced the successful completion of an internal conceptual mining study for the Midwest project, where it holds a 25.17% stake. The study focused on applying the In-Situ Recovery (ISR) mining method, which has received approval from the Midwest Joint Venture (MWJV) to proceed with further evaluations in 2023. The Midwest site is situated near the McClean Lake uranium mill, further facilitating operational logistics. The ISR method is noted for being cost-effective due to reduced surface disruption. The preliminary study results indicate potential viability, but further evaluations come with inherent uncertainties. Denison plans to gather more deposit-specific information and conduct preliminary engineering studies this year.

Denison Mines Corp. (NYSE American: DNN) has filed its 2022 Annual Report on Form 40-F with the U.S. SEC, including management discussions and audited financial statements for the year ending December 31, 2022. The report will be accessible on Denison's website and the SEC’s site. In Canada, the Annual Information Form has also been filed and can be found on Denison’s website and SEDAR. The company holds a significant interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the eastern Athabasca Basin of Saskatchewan. Shareholders can request a free printed copy of the Form 40-F by contacting the company directly.

Denison Mines Corp. announced its 2022 financial results, highlighting significant progress in its Wheeler River project. Key achievements include the successful completion of Feasibility Field Test (FFT) at the Phoenix uranium deposit, marking a historic first for in-situ recovery (ISR) mining in Saskatchewan's Athabasca Basin. The test recovered approximately 14,400 pounds of U₃O₈ with a maximum head grade of 43 g/L, indicating successful ISR viability. Additionally, the submission of a draft Environmental Impact Statement (EIS) represents a regulatory milestone, reflecting extensive consultation and data collection. Denison aims to complete a feasibility study in the first half of 2023.

Uranium prices are surging, driven by the green energy transition and energy security concerns amid the European energy crisis. Experts anticipate rising prices in 2023, with uranium remaining above $48 per pound throughout 2022. Although inflation and interest rates have impacted the market, supply concerns continue to support prices. Traction Uranium Corp. announced the receipt of drill permits for its winter 2023 program, targeting high-grade uranium zones at the Key Lake South Property. Ur-Energy is ramping up production to meet increased contract commitments, while Cameco reported significant contracting success, further bolstering the uranium market outlook.

Denison Mines Corp. has successfully completed the neutralization phase of its Phoenix in-situ recovery Feasibility Field Test at the Wheeler River project. Initiated in mid-October 2022, this phase confirmed the restoration of the Leaching Zone to acceptable pH levels, adhering to regulatory approvals. The neutralization follows the leaching phase which began in September 2022. The project, which holds significant uranium resources, aims to validate the ISR mining method's application at Phoenix. Monitoring will continue into 2023.

Denison Mines Corp. announced impressive results from long-term core leach metallurgical testing for its Phoenix In-Situ Recovery uranium mining operation at the Wheeler River project. The testing demonstrated an overall uranium recovery of over 97%, significantly exceeding the 15 g/L uranium head grade assumed in the Feasibility Study. The maximum recovered solution head grade reached 49.8 g/L. These findings support Denison’s plans for ISR production and reinforce the project’s viability, showcasing the potential economic strength of the Phoenix deposit.

Denison Mines Corp. (DNN) announced that the Canadian Nuclear Safety Commission completed its conformity review of the draft Environmental Impact Statement (EIS) for the proposed in-situ recovery uranium mine at the Wheeler River project. This marks an important step in the regulatory process, enabling the commencement of the federal technical review under the Canadian Environmental Assessment Act, 2012. The public review period will be open for 90 days, ending on February 18, 2023. The EIS outlines the potential effects associated with the project, supported by extensive environmental data and consultations.

Denison Mines Corp. announced successful results from the leaching phase of the Phoenix in-situ recovery Feasibility Field Test at the Wheeler River project. Over ten days, approximately 14,400 lbs of U₃O₈ were recovered, achieving a maximum uranium head grade of 43 g/l, significantly higher than previous estimates. The company demonstrated effective acidification, consistent uranium mass flow rates, and controlled hydraulic management during the test. These results support higher estimated head grades for the upcoming feasibility study, enhancing the project's viability.