Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was founded in 1997 and is headquartered in Toronto, Canada.

Denison Mines Corp.

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan – including its 60% owned Wheeler River project, which hosts the high grade Phoenix and Gryphon uranium deposits. Denison also owns a 22.5% interest in the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride. Denison is a member of the Lundin Group of Companies and is listed on the TSX Exchange under the symbol DML and on the NYSE MKT under the symbol DNN.

Sampling of monitoring wells around the Feasibility Field Test (FFT) site has confirmed the successful restoration of the Leaching Zone to environmentally acceptable conditions, concluding the neutralization phase of the FFT & the 2022 Wheeler River field program. $DML $DNN

Using specialized equipment to replicate the in-situ leaching conditions of the Phoenix deposit, we recovered in excess of 97% of #uranium from an intact core sample over a period of 377 days. These results support ISR production assumptions in our forthcoming Feasibility Study.

Read more here: https://lnkd.in/gmaU_8Vs

UK Chancellor Jeremy Hunt recently reaffirmed the government’s support for the Sizewell C nuclear power station, which would provide 7% of the UK’s electricity with two reactors totaling 3200 MW of electricity.

https://lnkd.in/errsf2ir

“We continue to believe that the Phoenix ISR #uranium mine will be positioned amongst the lowest cost uranium mines in the world.”

Denison CEO David Cates recently spoke to the Mining Journal (@MiningOnline) about recent progress at the Phoenix deposit.

https://lnkd.in/gRsGMiEc

The Canadian Nuclear Safety Commission (CNSC) has determined that the Wheeler River draft Environmental Impact Statement (EIA) met the requirements for the advancement of the Environmental Assessment process. The federal technical review of the EIS has now commenced.

Clearing the CNSC conformity review & commencing the formal technical review phase is an important initial achievement as part of the EIS review for Wheeler River – ensuring continued progression of the regulatory process for what is proposed as Canada’s first ISR #uranium mine.

Read more here: https://lnkd.in/gKqNYnTS

We have completed the leaching phase of the feasibility field test, a key de-risking step to implement ISR at the Phoenix deposit.

Recovering ~14,400 lbs of U3O8, the test also supports hydrogeological & metallurgical modeling critical to our upcoming feasibility study.

Maximum #uranium head grade during the test was 43 g/L - over 300% higher than the assumptions in the 2018 Wheeler River PFS.

In 2021, we upgraded expected head grade from 10 g/L to 15 g/L based on lab work on Phoenix drill cores. FFT results support this notable improvement.

Read more here: https://lnkd.in/gwnxQstU

We're hiring!

Our Principal Hydrogeologist role will support the ongoing Environmental Assessment and Feasibility Study work for our Wheeler River project.

Our Principal Mine Engineer role will provide technical leadership for resource evaluation and mining operations, including mine design and planning.

See if either our Principal Hydrogeologist or Principal Mine Engineer role is right for you.

This and other opportunities can be found on our website here: https://lnkd.in/gTxifiNt

Additional results from the leaching phase of the FFT have further demonstrated the viability of ISR mining at Phoenix.

Leaching produced ~14,400 lbs U3O8 #uranium over only ten days, with a maximum uranium head grade of 43 grams per litre.

Read more here: 

$DML $DNN

Denison CEO David Cates discusses our recent progress at the Phoenix deposit with the Mining Journal.

#uranium $DML $DNN

https://lnkd.in/gbMbPh7H

Denison continues to deliver on our plans to advance the development of Canada’s first ISR #uranium mine, including the permitting, construction & commissioning of the Feasibility Field Test facility and the recovery of uranium bearing solution.

Read the full 3Q22 results here: https://lnkd.in/draCivgx

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	11.08M -	11.17M 0.77%	17.58M 57.46%	18.59M 5.75%	13.94M 25.03%	15.55M 11.55%	15.55M 0.01%	14.42M 7.24%	20M 38.67%	16.95M 15.28%	1.85M 89.05%
cost of revenue	9.34M -	13.51M 44.57%	17.09M 26.48%	14.09M 17.54%	13.17M 6.55%	15.76M 19.69%	14.22M 9.74%	10.34M 27.33%	12.62M 22.10%	11.38M 9.85%	33.92M 198.11%
gross profit	1.74M -	-2.34M 234.74%	496.79K 121.22%	4.50M 806.63%	773.36K 82.83%	-209K 127.02%	1.32M 733.97%	4.09M 208.38%	7.38M 80.59%	5.57M 24.56%	-32.06M 675.97%
selling and marketing expenses			19.43K -					14K -		48K -	-154K 420.83%
general and administrative expenses	8.70M -	8.81M 1.32%	8.97M 1.79%	5.94M 33.76%	7.37M 23.99%	7.19M 2.41%	7.81M 8.65%	7.61M 2.59%	9.69M 27.36%	12.54M 29.38%	13.76M 9.75%
selling general and administrative expenses	8.70M -	8.81M 1.32%	8.99M 2.01%	5.94M 33.90%	7.37M 23.99%	7.19M 2.41%	7.81M 8.65%	7.62M 2.41%	9.69M 27.13%	12.59M 29.87%	13.61M 8.10%
research and development expenses
other expenses	886.95K -	66.17K 92.54%	-338.60K 611.71%	-544.36K 60.77%	-479.11K 11.99%	-318K 33.63%	17.66M 5,652.20%	14.22M 19.45%	21.04M 47.91%	30.57M 45.32%	-3.23M 110.56%
cost and expenses	33.49M -	39.51M 17.97%	47.13M 19.29%	35.38M 24.94%	38.11M 7.73%	39.91M 4.72%	39.69M 0.55%	32.18M 18.92%	43.35M 34.70%	54.53M 25.80%	50.75M 6.93%
operating expenses	24.15M -	26.00M 7.67%	30.05M 15.55%	21.29M 29.15%	24.95M 17.18%	24.15M 3.18%	25.47M 5.45%	21.84M 14.22%	30.73M 40.66%	43.16M 40.45%	16.84M 60.99%
interest expense	136.29K -	327.36K 140.19%	134.61K 58.88%	1.22M 804.68%	77.97K 93.60%	3.39M 4,242.97%	3.36M 0.83%	3.17M 5.45%	3.17M 0.25%	60K 98.11%	52K 13.33%
ebitda	-20.41M -	-25.85M 26.61%	-24.55M 5.01%	-11.07M 54.90%	-19.19M 73.32%	-14.77M 23.05%	-15.60M 5.61%	-10.89M 30.14%	-16.23M 48.98%	-30.66M 88.91%	-43.09M 40.52%
operating income	-21.56M -	-28.47M 32.03%	-29.58M 3.91%	-17.70M 40.19%	-21.75M 22.93%	-26.67M 22.59%	-24.31M 8.85%	-18.04M 25.78%	-23.62M 30.91%	-39.33M 66.54%	-48.90M 24.33%
depreciation and amortization	693.17K -	2.43M 250.85%	5.03M 106.90%	5.41M 7.49%	5.82M 7.60%	8.59M 47.52%	8.71M 1.47%	7.14M 17.98%	7.38M 3.36%	8.67M 17.36%	5.81M 32.93%
total other income expenses net	-50.71M -	-10.80M 78.70%	-61.52M 469.67%	-3.28M 94.67%	1.71M 152.04%	-11.67M 784.62%	789K 106.76%	897K 13.69%	40.60M 4,425.98%	51.41M 26.64%	140.32M 172.92%
income before tax	-72.84M -	-39.47M 45.81%	-90.90M 130.30%	-21.04M 76.85%	-22.29M 5.93%	-38.37M 72.15%	-23.52M 38.71%	-17.14M 27.10%	16.98M 199.06%	12.09M 28.84%	91.42M 656.48%
income tax expense	16.42M -	-2.67M 116.25%	-5.23M 95.97%	-5.32M 1.64%	-4.57M 13.94%	-8.29M 81.30%	-5.38M 35.18%	-860K 84.00%	-2.00M 131.98%	-2.27M 13.73%	-2.34M 3.26%
net income	-89.26M -	-36.80M 58.77%	-71.55M 94.41%	-23.31M 67.42%	-17.82M 23.57%	-30.08M 68.82%	-18.14M 39.68%	-16.28M 10.24%	18.98M 216.54%	14.35M 24.36%	90.38M 529.62%
weighted average shs out	440.89M -	494.51M 12.16%	513.41M 3.82%	529.05M 3.05%	555.26M 4.95%	564.98M 1.75%	590.34M 4.49%	628.44M 6.45%	783.68M 24.70%	818.89M 4.49%	848.02M 3.56%
weighted average shs out dil	440.89M -	494.51M 12.16%	513.41M 3.82%	529.05M 3.05%	555.26M 4.95%	564.98M 1.75%	590.34M 4.49%	628.44M 6.45%	793.67M 26.29%	828.74M 4.42%	853.97M 3.04%
eps	-0.20 -	-0.07 62.80%	-0.14 88.17%	-0.04 68.50%	-0.03 27.21%	-0.05 65.73%	-0.03 42.29%	-0.03 15.64%	0.02 193.44%	0.02 27.69%	0.11 528.57%
epsdiluted	-0.20 -	-0.07 62.80%	-0.14 88.17%	-0.04 68.50%	-0.03 27.21%	-0.05 65.73%	-0.03 42.29%	-0.03 15.64%	0.02 192.28%	0.02 27.62%	0.11 535.84%

AMEX:DNN

Denison Mines Corp.

Last Close

2.61

26/07 20:00

Market Cap

2.70B

Beta: 1.98

Volume Today

1.04M

Avg: 4.26M

PE Ratio

47.04

PFCF: −69.35

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