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Denison Mines ( (TSE:DML) ) has shared an update.
Denison Mines has secured grid power at the site of its planned Phoenix in-situ recovery uranium mine after SaskPower completed a new 138kV transmission line connection, a key step in de-risking the project’s early construction phase. The roughly 6-kilometre line ties Phoenix into the same northern Saskatchewan grid that supplies existing uranium operations in the Athabasca Basin, giving the project access to up to 8.8 MW of reliable, cost-effective power under a five-year minimum-purchase agreement funded by the Wheeler River Joint Venture. With long-lead on-site electrical distribution equipment already procured and scheduled for installation in the first year of construction, Denison views this milestone as a competitive advantage that supports critical infrastructure such as the planned freeze wall around the initial mining area, although the formal start of construction still depends on final regulatory approvals and an internal investment decision.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$5.00 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.
The score is held back primarily by weak financial performance—deep losses, persistent cash burn, and increased leverage—despite modest revenue growth. Technicals are a notable positive with a clear uptrend and constructive momentum, while valuation remains constrained by negative earnings and no dividend yield data.
To see Spark’s full report on TSE:DML stock, click here.
More about Denison Mines
Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing its Wheeler River project in the infrastructure-rich eastern Athabasca Basin in northern Saskatchewan. Wheeler River hosts the high-grade Phoenix in-situ recovery uranium deposit and the basement-hosted Gryphon deposit, with Denison holding a 90% operating interest in the joint venture alongside JCU (Canada) Exploration Company Limited.
Average Trading Volume: 3,874,671
Technical Sentiment Signal: Buy
Current Market Cap: C$4.06B
For a thorough assessment of DML stock, go to TipRanks’ Stock Analysis page.