#6 - Denison Mines (NYSEAMERICAN:DNN)
The last of the pure-play uranium mining stocks on this list is Denison Mines Corporation (NYSEAMERICAN:DNN). LIke many of the companies on this list, Denison has interests in the Athabasca Basin. Specifically, the company has four projects in development that cover approximately 300,000 acres in the region, including the infrastructure-rich eastern portion of the basin.
Its flagship project is its Wheeler River project in which the company has an effective 95% interest. It also owns 22.5% of the McClean Lake project, which includes the McClean Lake mill that can process up to 24M lbs. of uranium per year.
The company hit some milestones in 2022 that bring it closer to production, but that is still likely to be years away. That’s the risk of investing in a true penny stock. However, the company’s balance sheet appears to be in good shape with minimal debt so long-term shareholders have less risk of dilution.
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
- $2.31
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.00 (29.9% Upside)
