Core Insights - Denison Mines Corp. (NYSE:DNN) has garnered significant interest from hedge funds, positioning it as one of the top 12 uranium stocks to consider for investment [1] Financial Developments - On August 15, 2025, Denison Mines closed a $345 million upsized convertible notes offering, securing net proceeds of approximately $333 million to further its Wheeler River uranium project. The offering features a 4.25% coupon and a capped call strategy, which saves over $100 million in interest while minimizing dilution risk [2] - National Bank raised its price target for Denison Mines from $4.40 to $4.57 on August 18, 2025, maintaining an 'Outperform' rating. This reflects a strengthened balance sheet and renewed analyst confidence as the company prepares for a final investment decision on its Phoenix ISR uranium mine [3] Company Overview - Denison Mines Corp. is a Canadian uranium mining and development company focused on advancing its Wheeler River Project located in Saskatchewan's Athabasca Basin, recognized as one of the best uranium stocks [4]

Company Overview - Yellow Cake is a uranium investment company that owns uranium stored in Canada and France [1] - The stock is listed in the UK and has an OTC listing in the U.S. [1] - The company operates similarly to Sprott Physical [1] Investment Strategy - The focus is on turnarounds in natural resource industries with a typical holding period of 2-4 years [2] - Emphasis on value investing provides good downside protection while allowing for significant upside participation [2] - The portfolio has achieved a compounded annual growth rate of 32% over the last 7 years [2]