Denison Mines Stock Price, News & Analysis

Denison Mines Corp. has appointed Laurie Sterritt to its Board of Directors and Kevin Himbeault as Vice President of Plant Operations & Regulatory Affairs. Sterritt brings over 25 years of experience in Indigenous and community relations, emphasizing diversity and inclusion. Himbeault has extensive expertise in uranium processing and regulatory affairs, crucial for the company's Wheeler River project. Both appointments aim to strengthen Denison's leadership at a pivotal growth phase.

Denison Mines Corp. (TSX: DML, NYSE American: DNN) has received approval from the Canadian Nuclear Safety Commission to expand the JEB Tailings Management Facility at the McClean Lake Operation. This facility is currently the only uranium milling operation in Canada, enhancing its role as a regional milling center for uranium mining projects in the Athabasca Basin. The amendment to the operating license is valid until June 30, 2027, and allows for environmentally responsible capacity expansion, supporting current and future mining initiatives.

Denison Mines Corp. (TSX: DML, NYSE American: DNN) announced a Repayment Schedule Agreement with Uranium Industry a.s. (UI), receiving an initial debt repayment of US$2 million. This Agreement stems from a July 2020 arbitration ruling where UI was ordered to pay Denison USD$10 million plus interest for breaching obligations under a previous sale agreement. Overall, UI is scheduled to pay a total of approximately US$16 million by December 31, 2025. The Agreement includes conditions favoring Denison, such as limits on UI's additional debt.

Denison Mines Corp. (TSX: DML, NYSE American: DNN) announced the adoption of an Indigenous Peoples Policy (IPP), reflecting its commitment to reconciliation with Indigenous peoples in Canada. The IPP aims to foster respectful relationships and includes five key action areas: Engagement, Empowerment, Environment, Employment, and Education. This initiative is crucial for Denison's operations across territories governed by Treaties 6, 8, and 10, which involve various Indigenous communities. CEO David Cates emphasized the importance of this policy in promoting awareness and reconciliation efforts.

Denison Mines Corp. announced its Q3 2021 financial results, showcasing advancements in its Phoenix uranium project. Highlights included successful ISR field tests, initiation of a Feasibility Study, and exploration drilling at Wheeler River. The Company acquired a 50% stake in JCU for $20.5 million, enhancing its uranium assets. Denison also reported proceeds of up to $41.6 million from the sale of GoviEx shares. With positive market trends and a strong balance sheet, Denison is positioned to become a significant uranium supplier in the future.

Orano Canada and Denison Mines have successfully completed a five-year test mining program using the patented SABRE method at McClean Lake. Four mining cavities produced approximately 1,500 tonnes of high-grade uranium ore (4%-11% U₃O₈) without any safety or environmental incidents. The ore will be processed by the end of the year. The results confirm SABRE's capability for mining high-grade uranium, paving the way for future applications in the McClean Lake and Midwest properties as the partners explore its potential in improving uranium markets.

Denison Mines Corp. (NYSE American: DNN) announced successful results from its 2021 In-Situ Recovery (ISR) field test program at the Phoenix uranium deposit in Saskatchewan. Key achievements include:

• Meeting the commercial-scale production flow rate outlined in the Pre-Feasibility Study.
• Demonstrating hydraulic control during ion tracer testing.
• Confirming consistent breakthrough times between injection and recovery wells.
• Successfully completing a clean-up phase post-tracer test.

The results support ongoing development and de-risking of the ISR method for future phases of the Wheeler River Uranium Project.

Denison Mines Corp. has successfully completed the sale of 32,500,000 common shares of GoviEx Uranium Inc. for gross proceeds of $15,600,000. Additionally, Denison issued the same number of common share purchase warrants, allowing holders to acquire GoviEx shares at an exercise price of $0.80 over 18 months. If fully exercised, this could add $26,000,000 in gross proceeds to Denison. The company maintains a strong position with a 95% interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in Saskatchewan.

Denison Mines Corp. (DNN) announced its agreement to sell 32.5 million shares and warrants of GoviEx Uranium Inc. in a private transaction, expected to close by October 2021. Denison will receive gross proceeds of $15.6 million from the share sale and an additional potential $26 million upon full warrant exercise. This sale decreases Denison's stake in GoviEx from 12.07% to 6.05%. The proceeds will be used for general corporate purposes. Following this disposition, Denison will file an early warning report reflecting the reduced ownership.