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. (TSX: DML, NYSE: DNN) announced significant results from its 2020 exploration drilling program at the Wheeler River project. The company completed 19 drill holes totaling approximately 7,400 metres, with notable findings in Zone C, including high-grade uranium intersections of 5.69% U3O8 over 5.0 metres in WR-328D1 and 8.84% U3O8 over 2.5 metres in WR-767D1. These results suggest a potential extension of the mineralized zone, improving prospects for future resource development. The Phoenix project is positioned as the largest undeveloped uranium project in the eastern Athabasca Basin.
Denison Mines Corp. has announced an ambitious evaluation program for its 90% owned Wheeler River Uranium Project in 2021, including a $24 million budget allocation. Key activities include resuming the Environmental Assessment (EA) process, advancing In-Situ Recovery (ISR) mining methods at the high-grade Phoenix deposit, and initiating a formal Feasibility Study (FS) by late 2021. The program aims to address hydrogeological characteristics, establish a lixiviant test, and optimize metallurgical processes. Current estimates indicate approximately 6.6 million pounds of uranium in anticipated reserves within the project area.
Denison Mines Corp. announced significant findings from its 2020 regional exploration program at the Wheeler River Uranium Project. Notably, drill hole WR-741AD2 revealed high-grade uranium mineralization of 7.66% U3O8, approximately 4 km from the Phoenix deposit. The results also highlighted a substantial nickel presence of up to 19.1%. Denison aims to utilize this mineralization for a potential satellite deposit to support the planned Phoenix In-Situ Recovery operation, currently in the environmental assessment phase. The company maintains that Wheeler River is the largest undeveloped uranium project in the Athabasca Basin.
Denison Mines Corp. (DNN) has filed a technical report under NI 43-101 for the Preliminary Economic Assessment (PEA) of the Tthe Heldeth Tué (J Zone) deposit at the Waterbury Lake property, effective October 30, 2020. The report confirms previous disclosures, demonstrating robust economics including a mine life of approximately 6 years, production of 9.7 million lbs U3O8, and low operating costs of USD$12.23 per lb. Initial capital costs are projected at $112 million, with a pre-tax IRR of 39.1% and NPV of $177 million.
Denison Mines Corp. (DNN: NYSE American) announced the filing of a technical report for the Preliminary Economic Assessment (PEA) of the Heldeth Tué deposit at the Waterbury Lake property, effective October 30, 2020. The PEA confirms robust economics for the in-situ recovery (ISR) mining method, projecting a mine life of about 6 years, producing 9.7 million lbs of U3O8 at an average cash operating cost of USD$12.23 per lb. The report highlights low initial capital costs of $112 million and a pre-tax NPV of $177 million with an IRR of 39.1%. The project aims for minimal environmental impact and leverages existing infrastructure.
Denison Mines Corp. has completed a trade-off study endorsing a freeze wall design for its Phoenix uranium deposit at the Wheeler River Uranium Project. The freeze wall offers significant advantages over the previously considered freeze cap method, including enhanced environmental protection, reduced technical complexity, and lower initial capital costs. The phased approach allows for targeted mining of higher-grade areas, minimizing upfront investments. The project is anticipated to have a pre-tax NPV of $930.4 million and aims for first production in 2024.
Denison Mines announces the completion of a Preliminary Economic Assessment (PEA) for the Tthe Heldeth Tué deposit, indicating a robust economic outlook for the in-situ recovery (ISR) uranium mining project. Key highlights include:
- Mine life of ~6 years with projected production of 9.7 million lbs U3O8.
- Average operating costs estimated at USD$12.23 per lb U3O8 and initial capital costs of $112 million.
- Pre-tax IRR of 39.1% and pre-tax NPV of $177 million based on a uranium price of USD$53.59 per lb U3O8.
This project positions Denison as a competitive player in the uranium market.
Denison Mines Corp. (TSX: DML, NYSE American: DNN) has initiated an at-the-market (ATM) equity offering program, allowing sales of common shares worth up to USD$20 million via brokers on the TSX and NYSE American. The Company intends to use the proceeds for mineral property evaluations, project engineering, and general expenses. The ATM is effective until July 2, 2022, unless terminated earlier. Denison’s common shares are conditionally approved for listing on the TSX and approved on NYSE American.
Denison Mines Corp. (NYSE American: DNN) announces plans to restart the Environmental Assessment (EA) for its 90% owned Wheeler River Uranium Project by January 2021, following a temporary suspension due to COVID-19. The company has over $29 million in cash and aims to resume community engagement in 2021. Key activities include third-party technical studies and preparing a draft Environmental Impact Statement (EIS) targeted for early 2022. The Wheeler River project, significant for its large uranium resources, has been identified as critical for future development.
Denison Mines Corp. (DNN) released its financial statements for Q3 2020, highlighting a successful public offering that raised approximately US$19 million. The company reported over CAD$29 million in cash and remains debt-free. Denison resumed field activities at the Wheeler River site, focusing on the Phoenix In-Situ Recovery operation, which aims to be a low-cost uranium mining operation. Positive market trends in uranium, driven by nuclear energy's role in green initiatives and a stabilizing spot price around US$30/lb, further support Denison's growth potential.
