Denison Mines(DNN)

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Denison Announces Closing of US$345 Million Convertible Senior Notes Offering
Prnewswire· 2025-08-15 20:01
Core Viewpoint - Denison Mines Corp. has successfully closed an offering of convertible senior unsecured notes amounting to US$345 million, which positions the company favorably for future investments and construction of its flagship uranium mine in Saskatchewan [1][3]. Offering Details - The offering includes US$300 million from an upsized offering and US$45 million from the full exercise of an option granted to initial purchasers [1]. - The notes have an annual coupon rate of 4.25%, estimated to save Denison over US$100 million in interest payments compared to traditional project debt financing [2][6]. - Approximately US$333 million of net proceeds will be available after deducting commissions and fees [6]. Financial Strategy - The initial conversion price for the notes is set at US$2.92 per share, with an effective conversion price raised to US$4.32 per share due to a capped call overlay strategy [2][6]. - Denison purchased cash-settled call options for approximately US$35.36 million to protect against equity dilution [2][6]. Future Plans - The proceeds from the offering will support the evaluation and development of uranium projects, including the Wheeler River Uranium Project and general corporate purposes [6]. - The company is nearing completion of permitting efforts for the Phoenix ISR operation, with regulatory approvals anticipated [12]. Company Overview - Denison is focused on uranium mining, exploration, and development, with significant interests in the Athabasca Basin region of Saskatchewan [11]. - The company holds a 95% interest in the Wheeler River Uranium Project, which is the largest undeveloped uranium project in the region [11].
All You Need to Know About Denison Mine (DNN) Rating Upgrade to Buy
ZACKS· 2025-08-14 17:01
Core Viewpoint - Denison Mine (DNN) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, particularly due to the actions of institutional investors who adjust their valuations based on these estimates [4]. Recent Performance and Outlook - Denison Mine's earnings estimates have been revised upward, with the Zacks Consensus Estimate increasing by 8.8% over the past three months [8]. - For the fiscal year ending December 2025, Denison Mine is expected to earn -$0.07 per share, which remains unchanged from the previous year [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - Denison Mine's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
CoreWeave, CAVA Group, Journey Medical And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session





Benzinga· 2025-08-13 12:35
Group 1: CoreWeave Inc Financial Results - CoreWeave reported a revenue of $1.21 billion for the second quarter, exceeding analysts' expectations of $1.08 billion [1] - The company's adjusted loss per share was 27 cents, which was worse than the anticipated loss of 17 cents per share [1] Group 2: Stock Movements - CoreWeave shares fell 8.8% to $135.72 in pre-market trading following the mixed quarterly results [2] - Profrac Holding Corp shares tumbled 29.4% to $4.46 after pricing a $75 million stock offering at $4 per share [4] - CAVA Group Inc shares dipped 24% to $64.26 after reporting worse-than-expected quarterly sales results [4] - Journey Medical Corp shares declined 20.5% to $6.79 after reporting disappointing second-quarter EPS results [4] - Ondas Holdings Inc shares fell 17.5% to $3.54 after announcing a proposed public offering [4] - KinderCare Learning Companies Inc shares dropped 16.4% to $8.20 after missing second-quarter earnings estimates and narrowing 2025 guidance [4] - Endeavour Silver Corp shares fell 13.9% to $4.95 after posting a loss for the second quarter [4] - Stratasys Ltd shares dipped 13.4% to $9.80 following second-quarter results [4] - Denison Mines Corp shares declined 8.8% to $1.97 as the company announced the pricing of upsized $300 million convertible senior notes offering [4] - Hanesbrands Inc shares fell 7.7% to $5.70 after a previous jump of 28% due to acquisition news [4] - Penguin Solutions Inc shares fell 5.8% to $22.84 in pre-market trading [4]


Denison Announces Pricing of Upsized US$300 Million Convertible Senior Notes Offering
Prnewswire· 2025-08-13 11:18
Core Viewpoint - Denison Mines Corp. has announced an upsized offering of convertible senior unsecured notes totaling US$300 million, with an option for an additional US$45 million, aimed at funding uranium development projects and general corporate purposes [1][3]. Group 1: Offering Details - The offering consists of convertible senior unsecured notes due in 2031, with a semi-annual cash interest rate of 4.25% [1]. - The initial conversion rate is set at 342.9355 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$2.92 per share, representing a 35% premium over the closing price on August 12, 2025 [1]. - The offering is expected to close around August 15, 2025, subject to customary closing conditions [2][7]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the evaluation and development of uranium projects, including the Wheeler River Uranium Project, and for general corporate purposes [3]. - Approximately US$30.75 million will be allocated for capped call transactions, which may increase to US$35.36 million if the option for additional notes is fully exercised [3]. Group 3: Capped Call Transactions - Denison has entered into cash-settled capped call transactions to cover the number of shares underlying the notes, with an initial cap price of US$4.32 per share, a 100% premium over the last reported sale price of US$2.16 [4]. - These capped call transactions are designed to mitigate potential economic dilution upon conversion of the notes [4]. Group 4: Market Activity - Capped call counterparties may engage in derivative transactions and purchase shares in the market, which could influence the market price of the shares or notes [5][6]. - This market activity may affect the conversion process and the value of shares received by noteholders upon conversion [6]. Group 5: Company Background - Denison Mines is focused on uranium mining, exploration, and development, with a significant interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the Athabasca Basin [10]. - The company holds a 95% interest in the Wheeler River project and has various other interests in uranium projects across Canada [12][13].
Denison Announces Offering of US$250 Million of Convertible Senior Notes
Prnewswire· 2025-08-12 20:01
Core Viewpoint - Denison Mines Corp. is offering US$250 million in convertible senior unsecured notes due 2031 to fund uranium development projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes an option for initial purchasers to buy an additional US$37.5 million in notes within 13 days of issuance [1]. - The notes will accrue interest semi-annually starting March 15, 2026, and will mature on September 15, 2031 [2]. - The notes are convertible into common shares, cash, or a combination, with specific conditions for conversion prior to June 15, 2031 [2][3]. Group 2: Use of Proceeds - Net proceeds from the offering will support the evaluation and development of uranium projects, including the Wheeler River Uranium Project [1]. - A portion of the proceeds will also fund capped call transactions to mitigate potential dilution upon conversion of the notes [4]. Group 3: Capped Call Transactions - Denison plans to enter into cash-settled capped call transactions to cover the number of shares underlying the notes, which will help reduce economic dilution [4]. - The capped call counterparties may engage in derivative transactions that could influence the market price of the shares or notes [5][6]. Group 4: Company Background - Denison Mines is focused on uranium mining and development, with a 95% interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the Athabasca Basin [11]. - The company has a diverse portfolio, including interests in several joint ventures and projects across Canada [13][14]. Group 5: Regulatory Considerations - The offering is subject to necessary approvals from the Toronto Stock Exchange and NYSE American, and the notes will not be registered under the U.S. Securities Act [7][9].
Denison Mines(DNN) - 2025 Q2 - Quarterly Report
2025-08-08 17:35
Exhibit 99.1 INTERIM CONSOLIDATED FINANCIAL STATEMENTS INTERIM CONSOLIDATED FINANCIAL STATEMENTS CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) | (Unaudited - Expressed in thousands of CAD dollars except for share and per share amounts) | | | | | | | --- | --- | --- | --- | --- | --- | | | | Three Months Ended | | Six Months Ended | | | | | June 30 2025 | 2024 | June 30 | | | | | | | 2025 | 2024 | | REVENUES (note 14) | $ | 1,276 $ | 1,326 $ | 2,651 $ | 2,158 | | ...
Denison Reports Financial and Operational Results for Q2 2025, Highlighted by Return to Uranium Production at McClean Lake and Provincial Approval of Wheeler River Environmental Assessment
Prnewswire· 2025-08-08 03:08
Core Insights - Denison Mines Corp. has achieved significant milestones in uranium production and project development, particularly at the McClean Lake and Wheeler River projects, indicating a productive summer for the company [1][2][3] Group 1: Production and Operations - The McClean North SABRE mine commenced mining operations in June 2025, marking Denison's return to uranium production [2][6] - Approximately 250 tonnes of high-grade ore were recovered from the first mining cavity at McClean North, with processing starting in July 2025 [6] - The company anticipates further updates on the McClean Lake Joint Venture's production results in upcoming quarters [2] Group 2: Regulatory Approvals and Project Development - Denison received Ministerial Approval for the Environmental Assessment for the Wheeler River project, a crucial step towards commencing construction of the Phoenix In-Situ Recovery mine [3][7] - The Canadian Nuclear Safety Commission has scheduled public hearings for the Wheeler River project to obtain federal approvals, with construction expected to begin after a final investment decision in the first half of 2026 [8][9] Group 3: Exploration and Resource Expansion - Positive exploration results were reported at the Gryphon deposit, with additional high-grade mineralization identified beyond previously defined areas [4][11] - A successful delineation drill program at Gryphon confirmed geological interpretations and intersected uranium grades in line with expectations [12] Group 4: Economic Assessments - A Preliminary Economic Assessment for the Midwest Joint Venture's Midwest Main deposit indicates a potential all-in cost of production among the lowest in the world, with an internal rate of return exceeding 80% and a net present value of over $240 million attributable to Denison [5][13]
Denison Announces Results from Midwest ISR Preliminary Economic Assessment, Including After-Tax NPV of $965 Million
Prnewswire· 2025-08-06 10:30
TORONTO, Aug. 6, 2025 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report the results of the Preliminary Economic Assessment ("PEA") completed for In-Situ Recovery ("ISR") mining of the Midwest Main uranium deposit ("Midwest Main") at the Company's 25.17%-owned Midwest project ("Midwest"). The PEA outlines total ISR mine production (100% basis) of 37.4 million pounds U3O8 over an approximately 6-year mine life, resulting in annual average prod ...
Denison Receives Provincial Environmental Assessment Approval for the Wheeler River Project
Prnewswire· 2025-08-05 10:30
Core Viewpoint - Denison Mines Corp. has received Ministerial approval for the development of the In-Situ Recovery uranium mine at the Wheeler River Project, marking a significant milestone in the regulatory process for the project [1][2][3]. Company Summary - Denison Mines Corp. is focused on uranium mining, exploration, and development, particularly in the Athabasca Basin region of northern Saskatchewan, Canada [6][7]. - The company holds a 90% interest in the Wheeler River Project, which includes high-grade uranium deposits, and has been actively involved in the environmental assessment process since 2019 [4][5]. - Denison's other interests in Saskatchewan include a 22.5% stake in the McClean Lake Joint Venture and a 25.17% interest in the Midwest Joint Venture [6][7]. Industry Summary - Saskatchewan is recognized as the world's second-largest uranium producer and is seen as a favorable destination for mining investment due to its natural resources and regulatory environment [2]. - The province aims to enhance its energy sector and create job opportunities through sustainable mining practices, positioning Canada as an emerging energy superpower [2].
Foremost Clean Energy Advances Murphy Lake South Uranium Project with Ambient Noise Tomography Survey Ahead of Drilling
Globenewswire· 2025-07-21 10:30
Core Insights - Foremost Clean Energy Ltd. has engaged Caur Technologies Inc. to conduct an ambient noise tomography survey on its Murphy Lake South Uranium Property in the Athabasca Basin, aiming to refine exploration targets and generate new ones [1][3] - The demand for nuclear energy is increasing, with significant investments in new reactors and a projected annual deficit of 67 million pounds U₃O₈ in the U.S. by 2035, positioning Foremost to capitalize on this trend [2][5] - The ANT technology is expected to enhance exploration efforts by detecting geological features linked to uranium mineralization, with drilling planned to commence after the survey [3][8] Company Developments - Foremost is advancing high-potential uranium projects in Saskatchewan, leveraging its collaboration with Denison Mines Corp. to enhance developmental timelines [4][10] - The Murphy Lake South Project spans 17,676 acres and is strategically located near significant uranium deposits, with historical drilling indicating promising mineralization [6][10] - The company plans to initiate a Phase 1 diamond drilling program following the ANT survey, targeting areas within 200–350 meters of the surface [8] Industry Context - The nuclear energy sector is experiencing unprecedented growth, driven by new reactor developments and substantial investments in clean energy [2] - The Athabasca Basin is recognized for its rich uranium deposits, making it a focal point for exploration and development in the uranium market [10] - The innovative SABRE mining method recently launched by Denison and Orano Canada highlights the region's production potential and the importance of advanced technology in unlocking high-grade uranium deposits [5]