Denison Mines Corp. (DNN) stock experienced an increase of 6.92% in the premarket on 13th September 2021. The last trading session concluded at $1.59 with an increase of 12.77%.
Second-quarter 2021 results
DNN stock announced second-quarter 2021 results on 5th August 2021. Some of the highlights are as following:
- All five commercial-scale wells and nine of eleven monitoring wells have been successfully installed. Multi-day pump and injection tests, as well as ion tracer tests, will start and finish during the third quarter, based on current developments.
- GWR-045 projects to intersect low-grade uranium mineralization on the northwest border of the deposit. This is done according to the mineral resources currently assessed for Phoenix.
- Positive interim results from the ongoing metallurgical test for the planned ISR mining operation at Phoenix have consistently supported a uranium-bearing solution.
DNN Stock Reports Decision to Increase Anticipated ISR Mining Head Grade
DNN stock announced the Decision to Increase the Anticipated ISR Mining Head Grade on 4th August 2021. The company reported good interim findings from the Wheeler River Uranium Project’s ongoing metallurgical test. Too far, test work has consistently supported an ISR mining uranium head-grade for Phoenix.
Denison Acquires 50% of JCU (Canada) Exploration Company
On 3 August 2021, DNN stock announced the completion of its acquisition of a 50% stake in JCU (Canada) Exploration Company, Limited for $20.5 million in cash. Denison bought a 50% stake in JCU shortly after UEX bought all of JCU’s outstanding shares for $41 million in cash from Overseas Uranium Resources Development Co., Ltd.
DNN stock Provides Interim Progress Update on ISR Field Test Activities
On 29 July 2021, DNN stock provided an update on the In-Situ Recovery field testing operations taking place at Phase 1 of the high-grade Phoenix uranium deposit.
The Company also announced the discovery of additional high-grade uranium mineralization in drill hole GWR-045. It included 22.0 percent eU3O8 over 8.6 meters, outside of the existing high-grade resource domain associated with Zone A and Phase 1 of the phased mining approach currently planned for Phoenix.
DNN stock made Agreement to Acquire 50% of JCU
DNN stock announced that it has entered into a binding agreement to acquire 50 percent ownership of JCU (Canada) Exploration Company, Limited on 15th June 2021.
Firstly, JCU owns a 10% interest in Denison’s 90%-owned Wheeler River project. Secondly, it owns 30.099 percent interest in the Millennium project (Cameco Corporation 69.901 percent ). Secondly, it also has a 33.8123 percent interest in the Kiggavik project. Last but not the least, it carries 34.4508 percent interest in the Christie L project as well.
