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 (DNN) generates frequent news as it advances uranium mining, development, and exploration projects in the Athabasca Basin region of northern Saskatchewan, Canada. News coverage often centers on its flagship Wheeler River Uranium Project, where the company is progressing the Phoenix in-situ recovery (ISR) uranium mine and the Gryphon underground deposit through feasibility, permitting, and pre-construction stages.
Investors following DNN news can expect updates on regulatory milestones for Wheeler River, including Environmental Assessment approvals and Canadian Nuclear Safety Commission hearings related to licences for site preparation and construction. Denison also issues news on project readiness at Phoenix, such as detailed engineering progress, procurement of long-lead equipment, and the availability of grid power at the future mine site through a new 138kV transmission line installed by SaskPower.
Company releases frequently highlight Denison’s broader portfolio, including production and development activities at the McClean Lake Joint Venture using the SABRE mining method at McClean North, as well as its interests in the Midwest, Waterbury Lake, and other Athabasca Basin properties. News items may also cover strategic transactions and joint ventures, such as agreements with Skyharbour Resources to form exploration joint ventures around the Russell Lake property adjacent to Wheeler River.
Another recurring theme in Denison’s news is its engagement with Indigenous and northern communities. The company has reported signing an Impact Benefit Agreement and Exploration Agreement with Métis Nation–Saskatchewan and a regional Nuhenéné Benefit Agreement with First Nations and northern municipalities, providing consent and support for key projects. For readers tracking DNN, this news page offers a centralized view of operational, regulatory, partnership, and community-related developments affecting Denison’s uranium business.
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.
Denison Mines Corp. (DNN), in its Q2 2022 financial report, highlighted a significant uranium sale from the SABRE test, yielding over 175,000 lbs U3O8 at $74.65 per pound. The company secured regulatory approval for the Phoenix Feasibility Field Test and achieved key metallurgical milestones, confirming the ability to produce a saleable yellowcake. Collaborations with Kineepik Métis Local #9 were also established. Looking ahead, Denison anticipates completing ISR field testing and submitting a draft Environmental Impact Statement for the Wheeler River project, focusing on advancing its operations.
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.