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Uranium stocks surged, with Cameco, Denison, Mega Uranium, and Laramide showing significant gains, reflecting increased interest in the sector. Major tech firms like Microsoft and Google are investing in nuclear power, driving demand for uranium and boosting the prospects of those who mine uranium. The uranium price has rebounded from a September low, suggesting a potential upward trend influenced by nuclear energy developments.
The best buy now among these three nuclear stocks may surprise you.
TORONTO , Oct. 7, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) announces that it has filed an early warning report, under National Instrument 62-103, in respect of its holdings in Foremost Clean Energy Ltd. ("Foremost") (NASDAQ: FMST) (CSE: FAT).
Uranium stocks have been surging thanks to the Constellation Energy Co. NASDAQ: CEG and Microsoft Co. NASDAQ: MSFT deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers.
DNN enters into an agreement with Foremost Lithium, which grants the latter an opportunity to buy up to 70% of the non-core projects.
TORONTO , Sept. 24, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that is has executed an option agreement (the "Option Agreement") with a Nasdaq listed company to be renamed Foremost Clean Energy Ltd ("Foremost") (NASDAQ: FMST) (CSE: FAT), which grants Foremost an option to acquire up to 70% of Denison's interest in 10 uranium exploration properties (collectively, the "Transaction").
CALGARY, AB , Sept. 10, 2024 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. ("GLC" or the "Company") announces an approved budget (the "Budget") for the Kindersley Lithium Project ("KLP") developed in collaboration with Denison Mines Corp (TSX: DML) (NYSE American: DNN) ("Denison") which advances various activities to June 2025.
Denison Mines is a Canadian uranium development company listed in the U.S. and Canada, with recent stock price volatility. Denison's main asset is the Wheeler River Project, including Phoenix and Gryphon, with strong projected economics. Denison is well-capitalized with no debt, trading at an attractive valuation, with an enterprise value to NAV ratio of 0.5 using current uranium prices.
Denison Mine (DNN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago.
TORONTO , Aug. 8, 2024 /PRNewswire/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the three and six months ended June 30, 2024. Both documents will be available on the Company's website at www.denisonmines.com, SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar.shtml).