Denison Mines: Another Milestone Hit At Phoenix

RHJ Denison Mines (NYSE: DNN ) continues its efforts to de-risk its high grade Wheeler River project. The recently released positive news regarding the ISR field test at the Phoenix deposit are a major milestone for the company as it demonstrates the viability of the superior ISR mining method at the Athabasca basin. At the same time, the financial position of Denison is strong, potentially paving the way for a non-dilutive production path. While inflation will likely hit the initial capital requirements for Denison’s projects, management seems to have a prudent strategy for their development. Overall, despite the risks that come with a developer stage miner, Denison seems like a good speculative bet on the uranium bull thesis. Company overview

Denison Mines is a Canadian exploration and development uranium company with focus on the Athabasca basin. The company has ownership in a few assets, including the operating McLane Lake […]

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