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]

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]

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].

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].

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]

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].

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].

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 | | ...

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]

Core Insights - Denison Mines Corp. has released a Preliminary Economic Assessment (PEA) for the In-Situ Recovery (ISR) mining of the Midwest Main uranium deposit, indicating a total production of 37.4 million pounds U3O8 over approximately 6 years, with an after-tax NPV of $965 million and an IRR of 82.7% [1][7][11] Project Overview - The Midwest project is a joint venture between Denison (25.17%) and Orano Canada (74.83), located 25 kilometers from the McClean Lake uranium mill [1][3] - The PEA highlights the potential for ISR mining to be a technically sound and economically robust method for uranium extraction, with low initial capital costs and high returns [5][6] Economic Metrics - The base-case post-tax NPV (8%) is $965 million, translating to Denison's share of approximately $243 million [7] - The pre-tax NPV (8%) is estimated at $1.62 billion, with a robust post-tax IRR of 82.7% and a payback period of approximately 9 months [11][36] - Estimated annual production is 6.1 million pounds U3O8, with total life-of-mine production of 37.4 million pounds U3O8 [7][22] Capital and Operating Costs - Initial capital costs are projected at $254 million, with Denison's share being approximately $64 million [7][31] - Average cash operating costs are estimated at $15.78 (USD$11.69) per pound U3O8, positioning the project among the lowest-cost uranium mining operations globally [9][33] Mineral Resource Estimate - The updated mineral resource estimate for the Midwest Main deposit includes 38.7 million pounds U3O8 in Indicated resources and 12.6 million pounds U3O8 in Inferred resources [14][15] - The effective date of the mineral resource estimate is December 2, 2024, and it reflects additional drilling activities since the previous estimate in 2018 [13][14] Mining Method and Infrastructure - The ISR mining method will utilize a three-phase development sequence over the projected 6-year mine life, optimizing NPV and capital efficiency [19][22] - The project will employ a freeze wall as a tertiary containment measure and will require a total of 676 ISR wells for complete coverage of the deposit [21][23] Processing and Environmental Considerations - Processing of uranium-bearing solution is assumed to occur at the McClean Lake mill, which has excess licensed processing capacity [24][25] - The ISR mining method is expected to reduce tailings and contaminant loading compared to conventional mining methods [26] Future Recommendations - The independent authors of the PEA recommend further evaluation and de-risking of the ISR mining method, including a potential Pre-Feasibility Study [39] - Additional work is suggested to focus on permeability characteristics, infrastructure designs, and cost verification [39]