#5 - Denison Mines (NYSEAMERICAN:DNN)
Denison Mines Corp. (NYSEAMERICAN: DNN) is another uranium company in the exploration and development stage. This means that Denison, like many of the uranium stocks in this presentation, is not profitable and is in the pre-revenue stage.
Denison has several projects in Saskatchewan's Athabasca Basin region of Saskatchewan, including its 95%-owned Wheeler River project. This is the company’s flagship product, which spans 300,000 hectares. Denison claims this is the largest undeveloped uranium project in the eastern Athabasca Basin region, which is also where the company operates its McClean Lake project. The project’s uranium mill is one of the world’s largest uranium processing facilities.
Denison has already identified two significant uranium deposits, Phoenix and Gryphon. While these sites hold promise, investors will need to be patient. Production is not expected to start at the Phoenix site until 2027 or 2028, assuming a two-year construction schedule.
About Denison Mines
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.
Read More - Current Price
- $1.92
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.00 (56.3% Upside)
