Denison Mines

Website: www.denisonmines.com
Primary ticker: TSX: DML; NYSE: DNN
Stage of development: Development
Primary minerals: Uranium
Project to promote: Wheeler River

Live financials

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to the Wheeler River project, Denison’s Athabasca Basin exploration portfolio consists of numerous projects covering approximately 305,000 hectares. Denison’s interests in the Athabasca Basin also include a 22.5% ownership interest in the McClean Lake joint venture (“MLJV”), plus a 25.17% interest in the Midwest and Midwest A deposits, and a 66.51% interest in the J Zone and Huskie deposits on the Waterbury Lake property. Each of Midwest, Midwest A, J Zone and Huskie are located within 20 kilometres of the McClean Lake mill.
Denison Mines is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride.

Management Profile

David Cates – President & CEO
Mr. Cates is a Chartered Professional Accountant (CPA, CA) and holds Master of Accounting (MAcc) and Honours Bachelor of Arts (BA) degrees from the University of Waterloo. Prior to his appointment as President and Chief Executive Officer, Mr. Cates served as Denison’s Vice President Finance, Tax and Chief Financial Officer. As Chief Financial Officer, Mr. Cates played a key role in the Company’s mergers and acquisitions activities – leading the acquisition of Rockgate Capital Corp. and International Enexco Ltd. Mr. Cates joined Denison in 2008 and held the position of Director, Taxation prior to his appointment as Chief Financial Officer. Prior to joining the Company, Mr. Cates held positions at Kinross Gold Corp. and PwC LLP with a focus on the resource industry.

What recent news would you like to highlight to investors attending?

August 27, 2019- Denison Announces Positive Initial Results from ISR Field Test Program at Phoenix Test Area 1
June 26, 2019 – Denison Announces Initiation of ISR Field Testing as the Summer Field Program Commences at Wheeler River
June 3, 2019 – Denison Announces Initiation of Environmental Impact Assessment Process and Execution of MOU with Local Communities for the Wheeler River Project
September 24, 2018 – Denison Reports Results from Wheeler River PFS, Including +275% Increase in Pre-Tax NPV and Selection of ISR Mining Method for Phoenix Deposit


What are your key goals for the next 3, 6 and 12 months?

3 Months:
To deliver additional positive results from this summer’s ISR field test program at Wheeler River’s Phoenix deposit


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market conditions


In a sentence, what do you think makes your company such a compelling investment?

As host to the world’s highest grade undeveloped uranium deposit, Denison is poised to become the next uranium producer in the Eastern Athabasca Basin and, potentially, one of the lowest cost producers globally.