Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX
Sector: General Mining
Epic: TSX:DML
News: Latest news
Web Site: Denison Mines Corp
Other Articles: 07-08-200924-06-200915-06-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
Denison Mines Corp

Denison Mines Corp

Denison Mines Corp. is an intermediate uranium producer in North America, with mining assets in the Athabasca Basin region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Mongolia and Zambia.
Tuesday, January 06, 2009

Denison Mines raises additional C$41 million, shares slip

Uranium and vanadium explorer and producer, Denison Mines Corp (TSX:DML) slipped 4% in trading after the company announced that it would raise at least C$41.25 million by issuing 25 million shares at $1.65 per share in a “bought deal” with Cormark Securities, GMP Securities, Dundee Securities and Raymond James.  The underwriters also have the option to increase to total placing by a further 3.75 million shares, which would in theory raise a further $6.2 million for Denison Mines.

Uranium companies have witnessed a strong bounce in their share prices in recent weeks, lifted by a stronger uranium spot price. This has helped a number of companies return to the market to raise capital in what is otherwise a still a very difficult market to raise funds.  Denison Mines raised approximately $8 million only a matter of weeks ago at $1.10 per share through a flow-through share offering.


Shares in Denison Mines traded as high as $9.60 per share in the last twelve months, and bottomed out in the fourth quarter of 2008 at just 69 cents.  Today, shares in the mid-tier uranium producer slipped 4% to $1.77 per share.


According to the company’s website, Denison's 2008 production from its two mills is estimated to be approximately 1.7 million pounds of U3O8 and 1.5 to 2.0 million pounds of vanadium. 2009 production is estimated to be 2.0 to 2.4 million pounds of U3O8 and 2.6 to 3.2 million pounds of vanadium.

AddThis Feed Button
Register here to be notified of future Denison Mines Corp articles.

Other Denison Mines Corp news

More news ►

Investors interested in Denison Mines Corp recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.