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. reports on uranium mining, exploration, and development activities tied to its Canadian asset base and uranium market exposure. Company updates include financial and operational results, the Phoenix ISR uranium mine, annual reporting, and capital and project decisions affecting its uranium portfolio.
Recurring news also covers Athabasca Basin exploration relationships, including Cosa-operated Murphy Lake North and Darby joint ventures in Saskatchewan where Denison holds 30% interests, and JCU-related project interests such as Millennium, Kiggavik, and Christie Lake. Industry updates place DNN within broader uranium supply, nuclear fuel, and nuclear energy market developments.
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.
Denison Mines Corp. (DNN) announced significant intersections of high-grade uranium at the Phoenix deposit, expanding the defined extents of the high-grade domain. Notable results include 24.9% eU3O8 over 4.2 meters in drill hole GWR-049 and additional high-grade findings in GWR-045, WR-784, and WR-787. These discoveries could enhance the resource model and indicate further exploration potential. The project holds a significant pre-tax NPV of $1.31 billion and a mine life projection of 14 years, marking it as a crucial development in the uranium sector.
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.