Denison Mines – NYSE: DNN, TSX: DML

Denison Mines Corp. (Stock Symbols – NYSE: DNN, TSX: DML) operates as a uranium exploration and development company in Canada.

“Denison’s exploration and development portfolio consists of numerous projects covering approximately 280,000 hectares in the Athabasca Basin region, with a focus in the infrastructure rich eastern portion of the Athabasca Basin.

The Athabasca Basin is home to the world’s largest and highest grade uranium mining and milling operations – including the McArthur River and Cigar Lake uranium mines, as well as the Key Lake and McClean Lake uranium mills.” – Denison Mines website.

Its flagship project is the 90% interest owned Wheeler River Uranium project located in the Athabasca Basin region in northern Saskatchewan.

Denison Mines Project Locations
Denison Mines Project Locations. Source: Denison Mines

The Wheeler River Uranium project has two assets: the In-Situ Recovery Phoenix uranium deposit which contains a probable reserve of 60 million pounds of uranium and has an all in cost of $8.90 per pound making it potentially the second lowest cost production mine on Earth; and the underground mining Gryphon deposit which contains a probable reserve of 50 million pounds of uranium with an all in cost of $22.82 per pound.

Denison Mines Phoenix PFS
Denison Mines Phoenix PFS. Source: Denison Mines
Denison Mines Gryphon PFS
Denison Mines Gryphon PFS. Source: Denison Mines

Both of these deposits combined have a total of over 110 million pounds of uranium.

The company owns a 22.5% stake in the McClean Lake mill which processes more than 12% of the uranium consumed globally.

The Phoenix Project is planned to have a 10 year mine life with an average of 6 million pounds per year production and provides a pre-tax IRR (internal rate of return) of over 43% and pre-tax payback of less than 21 months.

The Gryphon Project is planned to have a 6.5 year mine life with an average of 7.6 million pounds of production per year.

The Grypone Project provides a pre-tax IRR (internal rate of return) of over 23% and pre-tax payback of less than 37 months.

The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006.

Denison Mines Corp. is headquartered in Toronto, Canada.

The Denison Mines group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

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We're thrilled to confirm @DenisonMinesCo #TSX $DML #NYSE $DNN will be a part of Mines and Money Online Connect, 25-27 January.

Register today to join them at

#MinesandMoney #mining #investment #investors #conference #networking

The Canadian Nuclear Safety Commission has approved an amendment to the #uranium mine and mill licence for the McClean Lake Operation to allow for the expansion of the JEB Tailings Management Facility. ✅

Read more about this development in our press release👇


$DML executed a Repayment Schedule Agreement w/ Uranium Industry a.s., pursuant to which the parties have negotiated the repayment of the debt owing from UI to Denison & received an initial US$2 million debt repayment instalment in accordance w/ the terms of the Agreement.


#Finland’s Ministry of Employment & the Economy states that a climate-neutral future requires up-to-date legislation and it is, therefore, “launching legislative preparations aimed at a comprehensive reform of the #Nuclear Energy Act."



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