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) delivers uranium exploration and development updates from Canada's Athabasca Basin, home to its flagship Wheeler River Project. This page aggregates official press releases, regulatory filings, and operational milestones for investors tracking high-grade uranium discoveries and innovative mining techniques like In-Situ Recovery (ISR).
Access timely updates on Phoenix deposit feasibility studies, McClean Lake Joint Venture processing activities, and environmental compliance progress. Our curated news collection enables efficient tracking of resource estimates, partnership developments, and technical reports while maintaining strict adherence to financial disclosure standards.
Key content includes project permitting updates, exploration results from Denison's 300,000+ hectare portfolio, and strategic initiatives through JCU Exploration partnerships. Bookmark this page for direct access to primary source materials supporting informed analysis of North America's uranium supply chain developments.
Denison Mines Corp. (DNN) reported its financial results for Q1 2021, showcasing a positive outlook bolstered by strategic financing initiatives. The company secured over $40 million in equity financing, allowing it to advance its Wheeler River Uranium Project, which is currently undergoing the Environmental Assessment and feasibility study processes. Denison also acquired 2.5 million pounds of U3O8 as a long-term strategic asset. With cash and investments totaling $96 million, the firm is well-positioned for future exploration and development.
Denison Mines Corp. has proposed a binding offer to acquire 100% ownership of Overseas Uranium Resources Development Co., Ltd.'s subsidiary, JCU Exploration Company, Limited. The offer includes cash payments totaling up to CAD$40.5 million and assumes JCU's existing liabilities. Key terms include a CAD$10 million refundable deposit and CAD$28 million upon closing. The acquisition aims to enhance Denison's interests in uranium projects, notably its 10% stake in the Wheeler River project, and is subject to shareholder approval from OURD.
On April 28, 2021, Denison Mines announced the termination of its Management Services Agreement (MSA) with Uranium Participation Corp (UPC) following UPC's conversion into the Sprott Physical Uranium Trust. Denison is set to receive an estimated termination payment of $5.3 million. This strategic shift allows UPC access to a U.S. listing, enhancing trading liquidity in a recovering uranium market. Denison will focus on its Athabasca Basin uranium projects, including the potential low-cost Phoenix uranium mine, following its longstanding management role with UPC.
Denison Mines Corp. (DNN) announced the initiation of its In-Situ Recovery (ISR) field test at the Wheeler River Uranium Project. The drilling equipment for five Commercial Scale Wells (CSWs) has been mobilized, with four successfully completed and the fifth expected soon. This ISR program aims to assess mining conditions and support a future feasibility study. The program includes installing additional monitoring wells and extensive hydrogeologic testing, expected to validate the effectiveness of the ISR method at the high-grade Phoenix uranium deposit.
Denison Mines Corp. (DNN) announced the discovery of high-grade uranium mineralization at its McClean Lake Joint Venture project. The winter 2021 exploration program included 15 drill holes, with drill hole MCS-34 showing impressive results of 5.04% eU3O8 over 14.0 metres. The mineralization is open along strike, indicating potential for further discovery. Denison's partnership with Orano Canada enhances its development prospects in the Athabasca Basin, with the McClean Lake mill having excess capacity to process future ore from these new discoveries.
Denison Mines Corp. (DNN) has entered agreements with the English River First Nation (ERFN) to advance its Wheeler River Uranium Project in Saskatchewan. The Participation and Funding Agreement, along with a Letter of Intent, aims to facilitate ERFN's engagement in the project's Environmental Assessment (EA) process, promoting economic opportunities and sustainable development. Additionally, an Exploration Agreement has been established to support cooperative exploration activities in ERFN's traditional territories. These collaborations aim for mutual benefits and respect for Indigenous rights in mining operations.
Denison Mines Corp (NYSE American: DNN) announced the procurement of 2.5 million pounds of uranium concentrates at an average price of USD$29.61 per pound, totaling approximately USD$74 million. This move supports the Wheeler River Uranium Project, enhancing Denison's balance sheet and easing future project financing. The physical uranium holdings, valued at around USD$78 million, will provide collateral and flexibility for long-term supply negotiations. The purchase comes amid rising uranium prices, which increased by approximately 15% in March 2021.
Denison Mines Corp. has filed its 2020 annual report on Form 40-F with the SEC, including management discussions and audited financial statements for the year ended December 31, 2020. The report is accessible on Denison's website and the SEC's site. The company has also filed its Annual Information Form with Canadian regulators. Denison focuses on uranium exploration, particularly in the Athabasca Basin of Saskatchewan, owning significant projects including the Wheeler River Uranium Project and a stake in the McClean Lake joint venture.
Denison Mines Corp. (DNN) announced its inclusion in the S&P/TSX Composite Index effective March 22, 2021. This milestone reflects heightened investor interest in nuclear energy. President David Cates emphasized the company's commitment to sustainable mining practices, particularly through its Wheeler River project. The index inclusion aims to enhance Denison's visibility among investors, potentially increasing shareholder value. The S&P/TSX Composite Index is recognized as a major benchmark for the Canadian equity market.
Denison Mines Corp. (DNN) has published its 2020 financial results, showcasing significant progress in de-risking its Wheeler River project. Key highlights include achieving 'Proof of Concept' for In-Situ Recovery (ISR) at the Phoenix deposit, restarting the Environmental Assessment process, and completing equity financings totaling over $56 million. The company maintains a strong financial position with approximately $85 million in cash and investments, while remaining debt-free. Denison aims to advance its ISR mining project, expected to pair with the world's lowest cost uranium mining method.
