Denison Mines Achieves Key Milestones in Uranium Production and Project Approvals

Denison Mines ( (TSE:DML) ) has provided an update.

Denison Mines Corp. has reported significant progress in its operations for the second quarter of 2025, marked by the return to uranium production at McClean Lake and the receipt of provincial approval for the Wheeler River Environmental Assessment. The commencement of mining operations at McClean North using the SABRE method and the processing of high-grade ore at the McClean Lake mill highlight Denison’s operational advancements. Additionally, the approval for the Wheeler River project represents a crucial step towards the construction of the Phoenix In-Situ Recovery mine, positioning Denison favorably in the uranium market. The company also reported promising exploration results at the Gryphon deposit and a positive Preliminary Economic Assessment for the Midwest Main deposit, indicating potential for low-cost production and high returns.

The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.

Spark’s Take on TSE:DML Stock

According to Spark, TipRanks’ AI Analyst, TSE:DML is a Neutral.

Denison Mines’ overall stock score reflects significant challenges in financial performance due to ongoing losses and cash flow inefficiencies. However, the company’s strong equity position and proactive corporate events, such as advancing key projects and strengthening governance, provide a positive outlook for future strategic growth. Technical indicators suggest a cautious approach due to a lack of upward momentum. Valuation metrics indicate the stock is not currently attractive for traditional investors, as reflected by the negative P/E ratio and absence of a dividend yield.

To see Spark’s full report on TSE:DML stock, click here.

More about Denison Mines

Denison Mines Corp. is a company operating in the uranium mining industry, primarily focused on the development and production of uranium resources. The company is involved in several projects within the Athabasca Basin, a region known for its high-grade uranium deposits, and is committed to advancing its operations to meet the growing demand for nuclear energy.

Average Trading Volume: 3,110,665

Technical Sentiment Signal: Buy

Current Market Cap: C$2.78B

For a thorough assessment of DML stock, go to TipRanks’ Stock Analysis page.