Core Insights - Denison Mines Corp. (NYSE: DNN) has reported strong Q3 results, indicating solid operational progress and future potential for the company [1]. Financial Position - The financial position of Denison Mines is described as outstanding, suggesting a robust balance sheet and favorable financial metrics that may support future growth [1]. Investment Strategy - The company is positioned for long-term investment, appealing to investors with a 5-10 year horizon, and emphasizes a portfolio strategy that includes a mix of growth, value, and dividend-paying stocks [1].

Financial Performance - Total revenues for the three months ended September 30, 2024, were $695,000, a decrease of 10.6% compared to $777,000 for the same period in 2023[6] - The net loss for the period was $25,767,000, compared to a net income of $58,237,000 for the same period in 2023, indicating a significant decline[6] - The company reported a comprehensive loss of $25,751,000 for the three months ended September 30, 2024, compared to a comprehensive income of $58,123,000 for the same period in 2023[6] - For the nine months ended September 30, 2024, the total revenues from the Mining segment were $695,000, while the total segment loss was $15,298,000[88] - The company reported a segment loss of $31,700,000 for the three months ended September 30, 2023, with total revenues of $763,000[89] Operating Expenses - Operating expenses increased to $1,030,000 for the three months ended September 30, 2024, from $797,000 in the same period last year, reflecting a rise of 29.2%[6] - The company incurred exploration expenses of $2,834,000 for the three months ended September 30, 2024, up from $2,052,000 in the same period in 2023, an increase of 37.9%[6] - Share-based compensation expense for the nine months ended September 30, 2024, totaled $3,425,000, compared to $2,686,000 for the same period in 2023[65] - Key management personnel compensation for the three months ended September 30, 2024, was $1,709,000, compared to $1,056,000 for the same period in 2023, reflecting a significant increase[99] Assets and Liabilities - Total liabilities increased to $86,977,000 as of September 30, 2024, compared to $84,819,000 at the end of 2023, representing a rise of 2.6%[2] - Total equity decreased to $584,910,000 from $641,784,000, reflecting a decline of 8.8%[2] - Cash and cash equivalents decreased to $105,933,000 from $131,054,000, a decline of 19.2%[3] - The company’s total financial liabilities, including accounts payable and accrued liabilities, amounted to $14,957,000 as of September 30, 2024, compared to $11,239,000 as of December 31, 2023[107] - Accounts payable and accrued liabilities increased to $12,912,000 as of September 30, 2024, up from $10,822,000 at December 31, 2023[48] Investments - The company holds 2,200,000 pounds of physical uranium with a market value of $242,780,000, equating to $81.75 per pound[30] - Total investments decreased to $267,710,000 at September 30, 2024, from $302,897,000 at December 31, 2023, reflecting a reduction of approximately 11.6%[28] - The investment in joint venture (JCU) increased to $18,173,000 at September 30, 2024, up from $17,290,000 at December 31, 2023, indicating a growth of approximately 5.1%[34] - The company made additional investments in JCU amounting to $2,615,000 during the nine months ended September 30, 2024[35] - The total net assets of JCU increased to $36,346,000 at August 31, 2024, from $34,580,000 at December 31, 2023, representing an increase of approximately 5.1%[39] Cash Flow and Financial Position - The company reported interest income of $6,173,000 for the nine months ended September 30, 2024, compared to $2,321,000 for the same period in 2023[77] - The change in non-cash working capital items resulted in a positive cash flow of $1,124,000 for the nine months ended September 30, 2024[77] - The fair value of cash and cash equivalents as of September 30, 2024, was $105,933,000, down from $131,054,000 as of December 31, 2023[107] - The company incurred letter of credit fees of $314,000 during the nine months ended September 30, 2024, compared to $320,000 for the same period in 2023[109] Revenue Recognition - Deferred revenue decreased to $34,415,000 as of September 30, 2024, from $34,958,000 at December 31, 2023, with $2,853,000 of toll milling revenue recognized during the nine months ended September 30, 2024[49][54] - The Company recognized a total of $2,601,000 in production-based revenue from toll milling for the nine months ended September 30, 2023, based on production of 10,310,000 pounds U3O8[55] Market and Fair Value - Investments in uranium are categorized in Level 2 and measured at fair value based on the month-end spot price for uranium[108] - The fair value of equity instruments-shares as of September 30, 2024, was $10,455,000, slightly up from $10,390,000 as of December 31, 2023[107] - There were no transfers between levels 1, 2, and 3 in the fair value hierarchy during 2024 and 2023[106] Other Financial Metrics - The accumulated other comprehensive income balance at September 30, 2024, was $1,767,000, down from $1,818,000 at December 31, 2023[75] - The company experienced a foreign exchange loss of $308,000 for the three months ended September 30, 2024, compared to a gain of $803,000 for the nine months ended September 30, 2023[75] - The company incurred $360,000 in expenditures related to the earn-in option for the Kindersley Lithium Project, with a total cash payment of $800,000 made to Grounded Lithium[47] - The company entered into an option agreement with Foremost Clean Energy Ltd, acquiring 1,369,810 shares valued at $5,876,000 for an initial 20% ownership in 10 uranium exploration properties[115] Capital Expenditures - Capital additions for property, plant, and equipment totaled $7,213,000 for the nine months ended September 30, 2024[84] - As of September 30, 2024, the company has $9,900,000 in committed capital purchases related to the Wheeler Joint Venture, expected to be realized over the next 12 to 18 months[111]

Denison Mine Corp. (DNN) received 1,369,810 common shares in Foremost Clean Energy Ltd. in exchange of an initial 20% interest in its in 10 uranium exploration properties. This marks the completion of the first stage of the option deal between Denison and Foremost, which was announced on Sept. 24, 2024. According to the deal, which has an aggregate value of up to $30 million, Foremost can acquire up to 70% of Denison's interest in 10 uranium exploration properties. This will support Foremost's transition to ...

HT Ganzo Overview Denison Mines (NYSE:DNN) is a Canadian high-quality uranium development company with several interesting assets. The company is listed in the U.S. and Canada (TSX:DML:CA). I have covered Denison a few times with my first article on the company in 2020, the prior articles can be found here. The stock price of Denison had its recent lows around $1 a little over a year ago, it then had a strong run in the back half of 2023 into 2024 as the price of uranium recovered from very depressed levels ...

Exhibit 99.1 (Unaudited - Expressed in thousands of Canadian dollars ("CAD") except for share amounts) At June 30 2024 At December 31 2023 ASSETS Current Cash and cash equivalents (note 4) $ 121,067 $ 131,054 Trade and other receivables 2,422 1,913 Inventories 3,207 3,580 Investments-equity instruments (note 5) 7,093 10,400 Prepaid expenses and other 1,270 1,594 135,059 148,541 Non-Current Inventories-ore in stockpiles 2,098 2,098 Investments-equity instruments (note 5) - 117 Investments-uranium (note 5) 25 ...

Denison Mine (DNN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this uranium mining company would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Denison Mine, which belongs to t ...

KML represents the Métis members who live and practice traditional activities in the vicinity of the Wheeler River Project and the Métis residents of the Village, which is situated approximately 270 km south from the Project along provincial highway 914 and represents the closest municipality to the Project. We appreciate the commitment shown by Denison Mines in recognizing and valuing our unique relationship with the land and resources in the Project area. This agreement signifies hope and opportunity for ...

TORONTO, June 3, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) is pleased to announce it has completed the inaugural In-Situ Recovery ("ISR") field test program (the "Program") at Denison's 25.17% owned Midwest Uranium Project ("Midwest"). The Program involved drilling 10 small diameter boreholes within the Midwest Main deposit primarily undertaken to evaluate site-specific conditions for ISR mining. A series of tests were successfully performed on each borehole, creati ...

TORONTO, May 9, 2024 /PRNewswire/ -  Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) is pleased to report that the nominees listed in the management proxy circular dated March 28, 2024 (the "Circular") for the Annual General Meeting of Shareholders held in Toronto today (the "Meeting") were elected as directors of the Company. View PDF version David Cates, Director, President and CEO of Denison commented, "The Board and management of Denison extend their sincere gratitude to ...

Denison Mines (NYSEMKT:DNN) just reported results for the first quarter of 2024.Denison Mines reported earnings per share of -1 cent. This met the analyst estimate for EPS of -1 cent.The company reported revenue of $617,287.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are ...