Denison Mines(DNN)
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Foremost Clean Energy to Issue Shares to Denison Mines Corp. Under Investor Rights Agreement and Strengthen its Treasury by Over $1 Million
Globenewswire· 2025-09-03 13:00
Core Viewpoint - Foremost Clean Energy Ltd. announces a private placement with Denison Mines Corp., which will result in Denison acquiring approximately 19.17% of Foremost's common shares outstanding, strengthening the company's financial position for exploration activities in the Athabasca Basin [1][2][3]. Group 1: Private Placement Details - Denison will subscribe for 485,000 common shares at a price of $2.20 per share, totaling $1,067,000 [2]. - The issuance of shares is in accordance with the Amended & Restated Investor Rights Agreement and has been approved by the Canadian Securities Exchange [2]. - The shares issued will be subject to a hold period of four months and one day from the date of issuance [2]. Group 2: Company Strategy and Focus - The proceeds from the private placement will be utilized to advance exploration for the company's 330,000 acres uranium portfolio in the Athabasca Basin and for general corporate purposes [3]. - The company aims to make significant discoveries through systematic exploration programs in collaboration with Denison [5]. - Foremost Clean Energy holds an option to earn up to a 70% interest in 10 uranium properties in the Athabasca Basin, which is known for its uranium richness [5]. Group 3: Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company [5]. - The company also has a portfolio of lithium projects across over 55,000 acres in Manitoba and Quebec [6]. - The demand for domestically mined uranium and lithium is expected to grow as the need for carbon-free energy increases [5].
Are Basic Materials Stocks Lagging Idaho Strategic Resources (IDR) This Year?
ZACKS· 2025-08-19 14:41
Group 1 - Idaho Strategic Resources, Inc. (IDR) is currently outperforming the Basic Materials sector with a year-to-date gain of approximately 163.6%, compared to the sector's average return of 14.2% [4] - The Zacks Consensus Estimate for IDR's full-year earnings has increased by 46.2% over the past three months, indicating improved analyst sentiment and a more positive earnings outlook [4] - IDR holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Group 2 - Idaho Strategic Resources, Inc. is part of the Mining - Gold industry, which has seen an average gain of 72% year-to-date, indicating that IDR is performing well within its specific industry [6] - In comparison, Denison Mine (DNN), another Basic Materials stock, has gained 14.4% year-to-date and belongs to the Mining - Miscellaneous industry, which is ranked 149 and has increased by 16.7% this year [5][6] - The Basic Materials sector includes 238 individual stocks and currently holds a Zacks Sector Rank of 14 out of 16 groups [2]
Denison Mines: Production Timeline Is Still Intact (Rating Upgrade)
Seeking Alpha· 2025-08-19 11:12
Core Insights - Denison Mines Corp. is being revisited to assess its production capabilities and to model assumptions for its upcoming production phase in the MSc in Finance context [1] Group 1 - The company is positioned as a long-term investment opportunity, particularly for investors with a 5-10 year horizon [1] - The investment strategy emphasizes a balanced portfolio that includes growth, value, and dividend-paying stocks, with a particular focus on value [1] - The company may initiate a beneficial long position in Denison Mines Corp. through stock purchases or call options within the next 72 hours [2]
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]