Denison Mines Stock Price, News & Analysis

Denison Mines Corp. announced a major regulatory milestone for its 95%-owned Wheeler River project by submitting the draft Environmental Impact Statement (EIS) to Saskatchewan's Ministry of Environment and the Canadian Nuclear Safety Commission. The EIS assesses potential environmental effects and mitigation measures for the proposed in-situ recovery uranium mine. Denison's assessments indicate that the project could achieve a high standard of environmental sustainability, with fewer residual effects compared to conventional mining operations. The review process by regulatory agencies is expected to take several years.

Denison Mines Corp. has entered into an Exploration Agreement with the Ya'thi Néné Lands and Resources Office and various Athabasca Nations to conduct exploration activities in the Nuhenéné region. The agreement emphasizes sustainable development and respect for Indigenous rights, fostering a cooperative relationship. Denison aims to advance its exploration while providing economic benefits to local communities. This formalizes years of collaboration, including the renaming of a significant uranium deposit as Tthe Heldeth Túé.

Denison Mines Corp. (DNN) reported a significant milestone in uranium recovery from its Phoenix ISR Feasibility Field Test (FFT) at the Wheeler River project, with initial results indicating successful acidification and uranium recovery. The FFT's leaching phase started in September 2022, and operators are transitioning to the neutralization phase by year-end. The Wheeler River project hosts substantial resources, with a pre-tax NPV of $1.31 billion and expected production of 109.4 million pounds U3O8 over 14 years. Denison holds a 95% interest in this project, enhancing its position in Canada’s uranium sector.

Denison Mines Corp. has announced the successful completion of the commissioning of the lixiviant injection system for the Phoenix in-situ recovery Feasibility Field Test at the Wheeler River project, in which Denison holds a 95% ownership. This crucial milestone initiates the leaching phase of the FFT, where an acidic solution will be injected to recover minerals, including uranium. The project is fully permitted and aims to verify key parameters for ISR mining success. The Wheeler River project hosts significant mineral resources, estimated at 132.1 million pounds of U3O8.

Denison Mines Corp. announced significant findings from its 2022 summer exploration program at the Waterfound River property, including drill hole WF-74A intersecting 4.75% eU₃O₈ over 13.3 metres. The results highlight the potential for further high-grade uranium discoveries, with WF-74A being the best mineralized hole to date. The program included seven drill holes, totaling 3,902.6 metres, with three returning notable uranium grades. Denison holds a 24.68% interest in the Waterfound JV, which is operated by Orano Canada.

Denison Mines Corp. (NYSE American: DNN) announced significant findings from their 2022 exploration drilling at the McClean Lake Joint Venture, where assays revealed substantial high-grade uranium mineralization. Notably, drill hole MCS-58 showed 2.96% U₃O₈ over 15.5 metres, marking a considerable expansion of the mineralized zone to approximately 180 metres. The results from both 2021 and 2022 have led to the interpretation of a new mineralized pod, suggesting promising future exploration and potential mill feed sources.

Denison Mines Corp. has submitted a new Acquisition Proposal to acquire all outstanding shares of UEX Corporation. The offer stands at 0.32 Denison shares for each UEX share, equating to an implied price of $0.51 per UEX share, a 7% and 9% premium over recent offers from Uranium Energy Corp. The deal hinges on UEX's board determining it as a superior proposal, with a special meeting postponed to August 15, 2022, to assess this. Denison aims to consolidate ownership of key assets, including the Wheeler River project, enhancing operational synergies and expertise.

Denison Mines Corp. (DNN) announced that it has received a Nuclear Substance License from the Canadian Nuclear Safety Commission for its In-Situ Recovery Feasibility Field Test at the Phoenix uranium deposit. This license, along with prior approval from the Saskatchewan Minister of Environment, permits the company to proceed with the test. The FFT aims to validate the ISR mining method's feasibility at Phoenix, which hosts significant uranium resources. The planned test, estimated to span 60 days, involves leaching and neutralization phases to assess the deposit's characteristics and environmental safety.

Denison Mines Corp. (DNN) has announced the expiration of its acquisition proposal for UEX Corporation, which was submitted confidentially on July 22, 2022. The UEX board deemed Denison's offer a 'Superior Proposal,' but ultimately accepted an amended proposal from Uranium Energy Corp (UEC). Despite Denison's proposal featuring a premium to UEX's prior agreements, the board's decision reflects competitive interest in UEX's assets. Denison remains focused on advancing its Wheeler River Project, the largest undeveloped uranium project in the eastern Athabasca Basin.