Denison Mines Corp. (NYSEAMERICAN:DNN) is one of the most buzzing stocks to invest in according to hedge funds. On January 5, Canaccord raised the firm’s price target on Denison Mines to C$5 from C$4.40, while maintaining a Speculative Buy rating on the shares. In other news, on December 17, Denison Mines announced the successful closing of a transaction with Skyharbour Resources Ltd. This deal involves the formation of four prospective exploration JVs using claims from Skyharbour’s Russell Lake Uranium P ...

Core Viewpoint - Denison Mines Corp. has achieved a significant milestone with the installation of a new 138kV transmission line, providing grid power supply to the future Phoenix in-situ recovery uranium mine, which is crucial for the project's construction and operation [1][2][3] Group 1: Project Development - The availability of grid power at the Phoenix site is a major step in de-risking the project, as it supports the establishment of the freeze wall around the initial mining area [1][3] - The new transmission line is approximately 6 kilometers long and connects the Phoenix site to the existing grid, enhancing the project's infrastructure [2][4] - Denison has secured access to up to 8.8 MW of power from SaskPower under a power supply agreement, committing to purchase a minimum amount of power for five years [4] Group 2: Construction and Infrastructure - The electrification of the Phoenix site will now only require the installation of on-site electrical distribution infrastructure, which includes long-lead items that are on schedule for delivery [3] - The commencement of construction activities is contingent upon receiving final regulatory approvals and a final investment decision by Denison [5] Group 3: Company Background - Denison is a leading uranium mining, development, and exploration company with a 90% interest in the Wheeler River Project, which hosts high-grade uranium deposits [7] - The Wheeler River Project is the largest undeveloped uranium project in the eastern Athabasca Basin, with permitting efforts for the planned Phoenix ISR operation having started in 2019 [5][6] - Denison also holds interests in various uranium project joint ventures in Canada, enhancing its position in the uranium market [8]

The share price of Denison Mines Corp. (NYSEAMERICAN:DNN) surged by 24.71% between December 30, 2025, and January 6, 2026, putting it among the Energy Stocks that Gained the Most This Week. Denison Mines (DNN) - Among the Energy Stocks that Gained This Week Denison Mines Corp. (NYSEAMERICAN:DNN) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. Denison Mines Corp. (NYSEAMERICAN:DNN) announced on January 2 that it is pr ...

Core Insights - Denison Mines Corp. (DNN) is set to advance its Phoenix In-Situ Recovery (ISR) uranium project into the construction phase, pending final regulatory approval expected in Q1 2026 [1][3] - The Phoenix project is on track to become Canada's first new large-scale uranium mine since Cigar Lake, with a targeted construction period of 24 months and first production aimed for mid-2028 [3][4] - The updated initial capital cost post-FID is approximately $600 million, reflecting inflation and project refinements, including $65 million in contingency funds [3][4] Regulatory and Engineering Progress - Significant progress was made in 2025 regarding regulatory approvals, detailed engineering, procurement, and construction planning, including the completion of the Canadian Nuclear Safety Commission's public hearing process [2] - Construction readiness is bolstered by largely completed detailed engineering, procurement of long-lead items, and near-final construction contracts for 2026 [4] Market Performance - DNN shares have increased by 67.4% over the past six months, outperforming the industry average rise of 18.1% [4]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7] Investment Opportunity - Wall Street is investing hundreds of billions into AI, but there is a looming question regarding the energy supply needed to sustain this growth [2] - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI data centers, making it a potentially lucrative investment [3][8] Energy Infrastructure - The company owns significant nuclear energy infrastructure assets, which are crucial for America's future power strategy [7] - It is one of the few global firms capable of executing large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7] Financial Position - The company is noted for being completely debt-free and holding a substantial cash reserve, amounting to nearly one-third of its market capitalization [8] - It also has a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9] Market Perception - The company is described as undervalued, trading at less than seven times earnings, which is attractive given its ties to the rapidly growing AI and energy sectors [10] - There is a growing interest from hedge funds, indicating that this stock is gaining attention among savvy investors [9][10] Future Trends - The article emphasizes the importance of AI as a disruptive force in traditional industries, suggesting that companies that adapt to AI will thrive [11] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the argument for investing in AI-related companies [12] Conclusion - The time to invest in AI and the associated energy infrastructure is presented as critical, with potential for significant returns within the next 12 to 24 months [13][15]

Shares of Intelligent Bio Solutions Inc. (NASDAQ:INBS) fell sharply during Friday's session after the company announced plans to raise fresh capital.Intelligent Bio said it will raise $10 million through a private placement, which weighed on shares following the announcement.Intelligent Bio Solutions shares dipped 19.7% to $7.65 on Friday.Here are some other stocks moving in today’s mid-day session.GainersLavoro Limited (NASDAQ:LVRO) jumped 181% to $1.2900.Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) rose 5 ...

Group 1 - Denison Mines' stock increased by 11.3% after announcing readiness to start construction of the Phoenix In-Situ Recovery uranium mine [1] - The Phoenix project is positioned to be the first large-scale uranium mine built in Canada since Cigar Lake, with construction expected to take two years and potential uranium production starting by mid-2028 [2] - The company anticipates that the global adoption of nuclear energy will drive demand for uranium, supporting the market for output from the Phoenix project [3] Group 2 - Denison is awaiting final regulatory approval from the Canadian Nuclear Safety Commission before making a final investment decision on construction, with an estimated construction cost of $600 million [4] - The company has over $700 million in cash, physical uranium, and investments available to fund the construction [4]

Core Viewpoint - Denison Mines Corp. is poised to make a final investment decision and commence construction of the Phoenix In-Situ Recovery uranium mine, pending final regulatory approvals, with first production targeted for mid-2028 [1][3][10]. Regulatory and Construction Readiness - Significant progress has been made in regulatory approvals, engineering, and construction planning throughout 2025, positioning the Phoenix project in a construction-ready state [1][5]. - The Canadian Nuclear Safety Commission (CNSC) public hearing concluded on December 11, 2025, marking the final step in the federal regulatory process [5]. - The project has received provincial environmental assessment approval and initial authorization for certain earthworks from the Province of Saskatchewan [5][10]. Financial Overview - The updated initial capital cost estimate for the Phoenix project is approximately $600 million, reflecting a 20% increase from the 2023 feasibility study due to inflation and project refinements [7][10]. - The updated capital cost includes $65 million in contingency funds, representing about 12.5% of direct and indirect project costs [7][10]. - Denison has a strong financial position with over $700 million in cash, physical uranium, and investments as of September 30, 2025, to fund the initial capital requirements [10]. Project Economics - The project is expected to produce robust economic results, with a base-case adjusted after-tax NPV to initial capital cost factor of 2.6 to 1 and a high internal rate of return [14][20]. - The projected base-case uranium price has increased, contributing to a stable economic outlook despite the rise in initial capital costs [14][19]. - The payback period for post-FID initial capital expenditures is estimated to be around 12 months, with a post-tax NPV of approximately $1.57 billion at the updated uranium price assumptions [15][20]. Project Timeline - If final regulatory approvals are received by the end of Q1 2026, construction is expected to commence shortly thereafter, maintaining the timeline for first production by mid-2028 [1][13].

Denison Mines Corp. (NYSEAMERICAN:DNN) is among the best fundamentally strong penny stocks to buy according to analysts. On December 17, Denison Mines Corp. (NYSEAMERICAN:DNN) announced the completion of a previously disclosed transaction with Skyharbour Resources Ltd., and the formation of four joint ventures from claims that previously comprised Skyharbour’s Russell Lake Uranium Project, which is located directly adjacent to the company’s flagship Wheeler River Project in Saskatchewan’s Athabasca Basin r ...

Key Takeaways DNN closed an $18M agreement, creating four joint ventures tied to Skyharbour's Russell Lake Uranium Project.Denison Mines will operate Wheeler North and Wheeler River Inliers under the new joint venture structure.DNN can earn up to 70% in Wheeler North and Getty East, boosting exploration plans near the Wheeler River.Denison Mines Corp. (DNN) announced that it closed the previously announced deal with Skyharbour Resources Ltd. to form four joint ventures involving Skyharbour's Russell Lake Ur ...