Denison Mines Stock Price, News & Analysis

Denison Mines Corp. announced the substantial completion of metallurgical test work for the Phoenix processing plant as part of the ongoing Feasibility Study (FS) for its Wheeler River project, in which it holds a 95% interest. The tests confirmed the production of a yellowcake product meeting ASTM C967-13 specifications, crucial for uranium production. Key results include metallurgical recovery rates over 95%, suitability to process uranium bearing solutions with head grades averaging 15 g/L, and achieving environmental discharge criteria.

Denison Mines Corp. (TSX: DML, NYSE American: DNN) confirmed its Acquisition Proposal for UEX Corporation following UEX's recognition of Denison's offer as a Superior Proposal. This proposal intends to consolidate Denison's ownership of key assets, particularly the Wheeler River Project, which is notable for its high-grade uranium deposits. The transaction remains unconsummated and is subject to further agreements and disclosures. If finalized, this acquisition could significantly enhance Denison's position in the Athabasca Basin, especially ahead of the critical phases in its feasibility study.

Denison Mines Corp. (TSX: DML, NYSE: DNN) has received approval from the Saskatchewan Minister of Environment to prepare, construct, and operate facilities for the In-Situ Recovery (ISR) Feasibility Field Test (FFT) at the Phoenix deposit, part of the Wheeler River project. This significant milestone allows Denison to manage the treatment and storage of recovered materials and supports the ongoing feasibility study. The FFT aims to assess the viability and effectiveness of ISR methods in Canada, marking an important step for the project.

Denison Mines Corp. (NYSE American: DNN) has entered into a Participation and Funding Agreement with Kineepik Métis Local #9 (KML) to advance the in-situ recovery uranium mining operation at the Wheeler River Project. This agreement builds on previous collaborations and supports KML's involvement in the environmental assessment process. Additionally, an Exploration Agreement has been signed, establishing a cooperative relationship for exploration activities in KML's land area. These agreements aim to enhance community benefits and ensure sustainable development of the Wheeler River Project.

Denison Mines Corp. (DNN) reported earnings of $0.05 per share for Q1 2022, driven by a $47.8 million gain on physical uranium holdings. The uranium market saw a price increase of nearly 40%, enhancing the value of Denison's uranium holdings to approximately $181 million. Significant progress was made on the Wheeler River and McClean Lake projects, including the commencement of the In Situ Recovery field program and receipt of regulatory approval for the McClean Lake Tailings Management Facility expansion. The company is well-positioned for future development.

Denison Mines Corp. announced the election results from its Annual General Meeting held in Toronto on May 4, 2022. All nominees listed in the management proxy circular dated March 23, 2022, were successfully elected as directors. Notably, David D. Cates received 98.33% of votes in favor, while Ron F. Hochstein faced significant opposition with only 73.40%. The Board affirmed Hochstein’s independence, despite recommendations from proxy advisors suggesting a withhold vote. All other business items presented to shareholders were approved.

On March 29, 2022, Denison Mines Corp. (NYSE: DNN) announced significant discoveries of high-grade uranium mineralization during its 2022 winter exploration program at the Waterfound River property. Notable results included drill hole WF-68, which revealed 5.91% eU₃O₈ over 3.9 metres, with a peak of 25.30% eU₃O₈ over 0.7 metres. Denison holds a 24.68% ownership in the Waterfound JV, involving key partners Orano Canada and JCU. The mineralization remains open for further exploration, showcasing Denison's strong potential for future mill feed at the McClean Lake mill.

Denison Mines Corp. has filed its 2021 Annual Report on Form 40-F with the U.S. SEC, which includes management discussion and audited financial statements for the year ending December 31, 2021. The Form 40-F is accessible on Denison's website and the SEC's site. Additionally, an Annual Information Form has been filed with Canadian authorities and is also available online. Denison is a uranium exploration and development company focused on the Athabasca Basin in Saskatchewan, holding a 95% interest in the Wheeler River Uranium Project, the largest undeveloped project in the region.

Denison Mines Corp. announced its 2021 financial results, showing earnings of $0.02 per share. The uranium market's improvement significantly boosted the company's balance sheet, with a $41.4 million gain on its uranium holdings. Successful ISR field tests at the Phoenix deposit support Denison's advancement towards a feasibility study. In 2021, Denison raised $48.2 million for environmental assessments and secured funding for various projects. The company also acquired a 50% stake in JCU, enhancing its portfolio in Canada's uranium sector.