DNN · Denison Mines Corp.
Nuclear — uranium mining (ISR developer, pre-production)
DNN·Nuclear — uranium mining (ISR developer, pre-production)
Denison Mines Corp.

Denison Mines Corp.

ConvictionWeak

Single-flagship uranium developer: monetizes a high-grade in-situ-recovery deposit (Phoenix) plus a physical-uranium treasury and minority milling/JV interests. No recurring product revenue until first production (~mid-2028); equity is effectively a levered call on the U3O8 price plus Phoenix construction execution. Current P&L is driven by uranium-price marks, McClean Lake (22.5%) toll-milling, and non-cash convertible-note derivative remeasurement.

Revenue
~C$3.3M TTM toll-millingno production revenue pre-2028
Rev growth
+22% FY25 toll-millingC$4.9M FY25) — immaterial vs market cap
Gross margin
n/mpre-production; revenue is minority toll-milling only
Op margin
Negative — net loss C$114.9Min Q1 FY26 (mostly non-cash
Capex intensity
Very high — Phoenix initial capex ~C$600M over ~2-yr build2026 update; was <C$420M in 2023 FS
Market cap
~US$2.8B~905M sh out, Jun 2026

Price · 1-year trend

real · weekly
$3.10+73% 1yUSD
52-week range
$2 – $4
52w lowas of 2026-06-28 · Yahoo Finance52w high
The read

Where our coverage leans

Coverage leans bullish

Sign in free to read the bull & bear take — Pro unlocks the full dossier.

Members only

Full financial intelligence for Denison Mines Corp.

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

  • Income statement & margin structure
  • SWOT, moats & dependency map
  • Supplier–customer ecosystem graph
  • Signals, trends & valuation range
See plans
Not investment advice — analyst work product for a qualified professional.· intel vintage Q2 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence
QAIFinance
ExploreBoardsFunds