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DML Yco Deuxmil

17.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yco Deuxmil LSE:DML London Ordinary Share GB00B2QY9V34 ORD 0.35P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 17.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 17.50 GBX

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Date Time Title Posts
23/2/202118:53Denison Mines Corp (TSX)7
05/11/201821:46Deuxmil charts and news 200729

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Posted at 23/2/2021 18:53 by stu31
Denison Announces Closing of US$28.75 Million Bought Deal Offering of Units
19/02/2021 2:56pm

TORONTO, Feb. 19, 2021 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has closed its previously announced bought deal public offering of units (the "Offering"). View PDF version

The Company issued 31,593,950 units of the Company at US$0.91 per unit for aggregate gross proceeds of approximately US$28.75 million, which includes 4,120,950 units with the full exercise of the underwriters' over-allotment option.

Each unit consists of one common share and one-half of one transferable common share purchase warrant of the Company. Each full warrant is exercisable to acquire one Company common share at an exercise price of US$2.00 for 24 months after issuance. The warrants are not listed.

The Offering was completed through a syndicate of underwriters co-led by Cantor Fitzgerald Canada Corporation and Haywood Securities Inc., as joint bookrunners, and including Canaccord Genuity Corp., Scotia Capital Inc. and TD Securities Inc.

Proceeds of the Offering are anticipated to be used to fund evaluation and environmental assessment activities in support of the advancement of the proposed Phoenix in-situ recovery uranium mining operation ("Phoenix") on Denison's Wheeler River Uranium Project, as well as for general working capital purposes. Subject to a decision to advance to a formal Feasibility Study ("FS") for Phoenix, the proceeds from the Offering and current working capital are expected, based on current estimates, to be sufficient to complete such FS process.

The Offering was made by way of a prospectus supplement dated February 16, 2021 (the "Prospectus Supplement") to the Company's existing Canadian short form base shelf prospectus dated June 2, 2020 (the "Base Shelf Prospectus"). The Prospectus Supplement has been filed with the securities commissions in each of the provinces and territories of Canada, except Quebec and is available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com.
Posted at 11/2/2021 16:51 by stu31
Denison Announces USD$25 Million Bought Deal Offering of Units and CAD$8 Million Bought Deal Private Placement of Flow-Through Shares

TORONTO, Feb. 11, 2021 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (DML: TSX, DNN: NYSE American) is pleased to announce that it has entered into agreements with Cantor Fitzgerald Canada Corporation ("CFCC") and Haywood Securities Inc. ("Haywood"), as co-lead underwriters and joint book-runners, in each case on behalf of themselves and a syndicate of underwriters (collectively with CFCC and Haywood, the "Underwriters"), under which the Underwriters have agreed to purchase, on a bought deal basis, (1) 27,473,000 units of the Company (the "Units") at the price of USD$0.91 per Unit (the "Issue Price") for aggregate gross proceeds of approximately USD$25 million (the "Unit Offering"); and (2) 5,926,000 flow-through common shares (the "Flow-Through Shares") at a price of CAD$1.35 per Flow-Through Share, for total gross proceeds of approximately CAD$8 million (the "FT Private Placement"). View PDF version

This press release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 13, 2020 to its short form base shelf prospectus dated June 2, 2020.

Unit Offering

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one transferable common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one Common Share (a "Warrant Share") at an exercise price of USD$2.00 per Warrant Share for 24 months after issuance. The Warrants will not be listed.

In addition, Denison has agreed to grant to the Underwriters an over-allotment option (the "Over-Allotment Option") exercisable, in whole or in part, at the sole discretion of the Underwriters to purchase up to an additional 4,120,950 Units at the Issue Price for a period of up to 30 days after the closing of the Unit Offering, for potential additional gross proceeds to Denison of up to approximately USD$3.75 million.

Proceeds of the Unit Offering are anticipated to be used to fund evaluation and environmental assessment activities on Denison's Wheeler River Uranium Project, including the proposed Phoenix in-situ recovery uranium mining operation ("Phoenix"), as well as for general working capital purposes. Subject to a decision to advance to a formal Feasibility Study ("FS") for Phoenix, the proceeds from the Unit Offering and current working capital are expected, based on current estimates, to be sufficient to complete such FS process.

Denison will pay to the Underwriters a cash commission equal to 6% of the gross proceeds of the Unit Offering, including any proceeds received from the exercise of the Over-Allotment Option.

The Unit Offering will be made by way of a prospectus supplement (the "Prospectus Supplement") to the Company's existing Canadian short form base shelf prospectus dated June 2, 2020 (the "Base Shelf Prospectus"). The Prospectus Supplement has been filed with the securities commissions in each of the provinces and territories of Canada, except Quebec and is available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com. Alternatively, the Prospectus Supplement and related Base Shelf Prospectus may be obtained upon request by contacting the Company or Cantor Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7, email: ecmcanada@cantor.com; or Haywood Securities Inc., attention: Equity Capital Markets, 200 Burrard Street, Suite 700, Vancouver, BC, V6C 3L6, email: ecm@haywood.com.

The Unit Offering is expected to close on or about February 19, 2021.

FT Private Placement

The FT Private Placement will be completed on a "bought deal" private placement basis.

The Company has agreed to use the gross proceeds from the sale of the Flow-Through Shares for "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)), related to the Company's Canadian uranium mining exploration projects in Saskatchewan. The Company has also agreed to renounce such Canadian exploration expenses with an effective date of no later than December 31, 2021.

Denison will pay to the Underwriters a cash commission equal to 6% of the gross proceeds of the FT Private Placement.

The FT Private Placement is expected to close on or about March 3, 2021.

Both offerings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the NYSE American. The Flow-Through Shares issued in connection with the Private Placement will be subject to a statutory hold period in accordance with applicable securities legislation. The completion of the Unit Offering is not contingent upon completion of the FT Private Placement, and the completion of the FT Private Placement is not contingent upon the completion of the Unit Offering.
Posted at 09/2/2021 19:48 by stu31
well I wish I'd listened to Rick Rule a bit earlier..

Denison Announces 2020 Phoenix Expansion Drilling Returns Best Results to date at Zone C

TORONTO, Feb. 9, 2021 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE: DNN) is pleased to report the results from the 2020 exploration and expansion drilling program focused on the area proximal to the high-grade Phoenix uranium deposit ("Phoenix") at the Company's 90% owned Wheeler River Uranium Project ("Wheeler River"). During the program, 19 drill holes were completed for a total of approximately 7,400 metres – all of which were located outside of the extents of the mineral resources currently defined at Phoenix. The results from the program were highlighted by the intersection of high-grade uranium mineralization in Zone C, where no mineral resource is currently estimated:

5.69% U3O8 over 5.0 metres in WR-328D1, located approximately 22 metres northeast of historic mineralized hole WR-368 (1.59% U3O8 over 2.0 metres); and

8.84% U3O8 over 2.5 metres in WR-767D1, located approximately 35 metres to the northeast of WR-328D1.
The mineralization in WR-328D1 and WR-767D1 represent the best mineralized intersections returned to date from exploration drilling at Phoenix Zone C.

Andy Yackulic, P. Geo., Denison's Director, Exploration, commented, "The grades and thicknesses of the mineralized intersections from the 2020 Phoenix Zone C drilling represent a significant upgrade compared to historical drilling at Zone C. With each successive hole at Zone C, Denison's exploration team becomes more optimistic about the prospect of delineating an additional mineralized zone that could potentially be incorporated into future development plans for the Phoenix In-situ recovery ("ISR") operation."

This press release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 13, 2020 to its short form base shelf prospectus dated June 2, 2020.

Phoenix Zone C

Zone C is the southwestern-most mineralized zone at Phoenix (see Figure 1). Prior to the 2020 drilling program, Zone C was defined over a strike length of approximately 250 metres by only five mineralized intersections. Historic exploration drilling at Phoenix was largely focused on the delineation of Zone A and Zone B. As a result of the lack of historical drilling at Zone C, no resource estimate exists for the mineralization previously identified at Zone C.

The 2020 drilling program was designed to test the continuity and extents of known mineralization at Zone C. Eleven drill holes were completed at Zone C in 2020 for a total of 4,600 metres. Three of these drill holes returned uranium mineralization, successfully extending the mineralized zone's strike length by approximately 20 metres to the southwest and delineating a potential high-grade mineralized "core." Mineralized intersections from 2020 drilling at Zone C are outlined in Table 1 and illustrated in Figure 2.

With Denison's recent decision to adopt a freeze wall design and phased mining approach, as part of the ISR mining operation planned for the Phoenix deposit (See Denison's news release from December 1, 2020), it is possible that further exploration could result in the delineation of a mineral resource that could become a future mining "phase" at Phoenix. Additional drilling will be required to determine the extent of uranium mineralization at Zone C.


Phoenix Zone A and Zone B

Eight diamond drill holes totalling 3,796.0 m were completed to test the extents of known mineralization at Zones A and B. While several drill holes intersected weak uranium mineralization, the only notable potential extension of existing mineralization was reported in drill hole WR-765D1 in Zone B – which intersected 0.36% U3O8 over 3.5 metres (from 401.3 to 404.8 metres), drilled at an azimuth of 332.3° and an inclination of -79.6°, approximately 15 metres east of WR-333 (which previously intersected 14.6% U3O8 over 6.0 metres).

Sampling and Assay Procedures

Drill core with anomalous total gamma radioactivity (>300 counts per second using an RS-120 or RS-125 scintillometer) was sampled over 0.5 metre intervals. Sampling is undertaken on site by splitting the core in half, with one half submitted for analysis and the other half retained in the core box for future reference. Uranium chemical assays are performed by the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories located in Saskatoon. Sample preparation involves crushing and pulverizing core samples to 90% passing -106 microns. Splits of the resultant pulps are initially submitted for multi-element ICP-MS analysis following partial (HNO3:HCl) and total (HF:HNO3:HClO4) digestions. Samples with ≥ 1,000 ppm U (partial digest) are re-assayed for U3O8 using an ISO/IEC 17025:2005 accredited method for the determination of U3O8 weight percentage. Pulp splits are digested using aqua-regia, and the solution analyzed for U3O8 weight percentage using ICP-OES. In addition to internal checks by SRC Geoanalytical Laboratories, the Company has rigorous quality assurance and quality control ("QAQC") procedures, including the insertion of standard reference materials, blanks and field duplicates. The assay data is subject to verification procedures by qualified persons employed by Denison prior to disclosure. For further details on the assay, QAQC and data verification procedures, please see Denison's Annual Information Form dated March 13, 2020, filed under the Company's profile on SEDAR (www.sedar.com).

About Wheeler River

Wheeler River is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan – including combined Indicated Mineral Resources of 132.1 million pounds U3O8 (1,809,000 tonnes at an average grade of 3.3% U3O8), plus combined Inferred Mineral Resources of 3.0 million pounds U3O8 (82,000 tonnes at an average grade of 1.7% U3O8). The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%).

The Wheeler River Pre-Feasibility Study ("PFS") was completed in late 2018, considering the potential economic merit of developing the Phoenix deposit as an ISR operation and the Gryphon deposit as a conventional underground mining operation. Taken together, the project is estimated to have mine production of 109.4 million pounds U3O8 over a 14-year mine life, with a base case pre-tax NPV of $1.31 billion (8% discount rate), Internal Rate of Return ("IRR") of 38.7%, and initial pre-production capital expenditures of $322.5 million. The Phoenix ISR operation is estimated to have a stand-alone base case pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%, initial pre-production capital expenditures of $322.5 million, and industry leading average operating costs of US$3.33/lb U3O8. The PFS is prepared on a project (100% ownership) and pre-tax basis, as each of the partners to the Wheeler River Joint Venture are subject to different tax and other obligations.

Further details regarding the PFS, including additional scientific and technical information, as well as after-tax results attributable to Denison's ownership interest, are described in greater detail in the NI 43-101 Technical Report titled "Pre-feasibility Study for the Wheeler River Uranium Project, Saskatchewan, Canada" dated October 30, 2018 with an effective date of September 24, 2018. A copy of this report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.

Denison suspended certain activities at Wheeler River during 2020, including the EA process, which is on the critical path to achieving the project development schedule outlined in the PFS. While the EA process has resumed, the Company is not currently able to estimate the impact to the project development schedule outlined in the PFS, and users are cautioned against relying on the estimates provided therein regarding the start of pre-production activities in 2021 and first production in 2024.

About Denison

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 over 250,000 hectares. Denison's interests in the Athabasca Basin also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.

Denison is engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.

Denison is also the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride.
Posted at 09/2/2021 18:38 by quepassa
Yes, great news today from Denison.

And a great jump in price.

Denison's performance since December at 50cents to the current $1.20 has been astonishing.

Big tail-wind for uranium stocks with Cameco, NexGen doing very well and extreme performance from Energy Fuels Inc going from $1.30 a year ago to $5.40 today.

Uranium stocks on fire but I think Denison has a lot more to go.


ALL IMO. DYOR.
QP
Posted at 08/2/2021 22:42 by stu31
Denison Completes Private Placement of Flow-Through Shares for Proceeds of Approx. CAD$930,000
31/12/2020 10:00pm

TORONTO, Dec. 31, 2020 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that today it has completed a non-brokered private placement of common shares that qualify as "flow-through shares" for purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of CAD$0.86 per share, for gross proceeds of approximately CAD$930,000 (the "Offering"). View PDF version

The financing was priced on December 16, 2020 at a 17% premium to the then 5-day volume weighted average price ("VWAP") of the Company's shares on the TSX.

David Cates, President and CEO of Denison, commented, "This small financing was led by strong insider participation – with Denison Directors and Officers accounting for over 50% of the Offering, even after a significant increase in the Company's share price during the first half of December. These funds were raised selectively, on a flow-through basis and at a premium, with the primary purpose of allowing the Company to participate in exploration on non-operated joint venture projects, where work has been planned by the operator for early 2021. Using the proceeds from this flow-through financing to fund exploration preserves the Company's non-flow-through capital, raised earlier in 2020, to fund the advancement of its flagship Wheeler River project."

The Company has agreed to use the gross proceeds from the sale of the Flow-Through Shares for "Canadian exploration expenses" that also qualify as "flow-through mining expenditures" (within the meanings of the Income Tax Act (Canada)), related to the Company's Canadian uranium mining exploration projects in Saskatchewan, and renounce such Canadian exploration expenses with an effective date of no later than December 31, 2020.

The Company currently intends to use the proceeds of the Offering to fund its share of exploration expenditures expected to be incurred in early 2021 on certain of its non-operated joint venture projects and other Denison operated projects in the Athabasca Basin region.

The Flow-Through Shares issued in connection with the Offering are subject to a statutory hold period in accordance with applicable Canadian securities legislation.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Flow-Through Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws and may not be offered or sold in the United States absent registration under the United States Securities Act of 1933, as amended, or any U.S. state securities laws or compliance with an applicable exemption from such registration requirements.

About Denison

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company's flagship project is the 90% owned Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture ('MLJV'), which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposits and a 66.90% interest in the Tthe Heldeth Túé ("THT", formerly J Zone) and Huskie deposits on the Waterbury Lake property. The Midwest, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. In addition, Denison has an extensive portfolio of exploration projects in the Athabasca Basin region.

Denison is engaged in mine decommissioning and environmental services through its DES division, which manages Denison's Elliot Lake reclamation projects and provides post-closure mine and maintenance services to industry and government clients.

Denison is also the manager of Uranium Participation Corporation, a publicly traded company listed on the TSX under the symbol 'U', which invests in uranium oxide in concentrates and uranium hexafluoride.
Posted at 08/2/2021 22:25 by stu31
679m+31.6m shares in issue. 701.8m FD. Market Cap C$679m (£399m) at 100c
Cash C$29m+38 (10/20)

website:

Presentation Jan 21


Strategic Asset Portfolio: Diversified Athabasca Basin Asset Base with Superior Development Leverage
• 90% interest in Flagship Wheeler River project
• Development stage project
• Largest undeveloped uranium project in the infrastructure rich eastern Athabasca Basin
• Environmental Assessment (“EA”) initiated
• 22.5% interest in McClean Lake Uranium Mill
• +12% of global uranium production
• Excess licensed capacity
• 66.90% interest in Waterbury Lake project
• PEA for Tthe Heldeth Túé (“THT”) deposit (formerly J Zone) highlights potential for future development portfolio
• Additional leverage to the uranium price
• McClean Lake, Midwest, and Waterbury Lake all in close proximity to McClean mill

Flagship Wheeler River Development Project
• Host to two high-grade uranium deposits
• NI 43-101 compliant Pre-Feasibility Study (“PFS”) considers staged development plan
• Phoenix estimated to potentially have lowest costs of any undeveloped uranium deposit
• In-Situ Recovery (“ISR”) mining method
• On-site processing to finished yellow cake
• Commencement of EA in 2019
• All-in costs of US$8.90/lb U3O8
• Operating costs of US$3.33/lb U3O8
• Gryphon contributes additional low-cost pounds
• Conventional underground mining approach
• Assumes toll-milling at McClean Lake mill
• All-in cost of US$22.82/lb U3O8
• Operating costs of US$11.70/lb U3O8
• Combined 109.4M lbs U3O8 Probable Reserves
• Combined 14 year mine life
• Initial CAPEX (Phoenix) of $322.5M (100%)
Posted at 16/6/2008 12:41 by gb904150
Share consolidations seem to almost always lead to weakness.

Partly due to people thinking they've made a mint and their shares have 7-bagged in a day, partly due to the longer term effect of finding you now have a piddly holding of 82 shares or so and thus sell to tidy things up.
Posted at 08/5/2008 07:01 by johnboy20
I'm still a bit of novice, Is a share consoladation a good thing or a bad thing? I have shares in the company and today's price of 8pence is what about i got in at. Is it worth staying with?
Posted at 12/7/2007 22:07 by bdowsett
I also hold dml since float.... things have been very quite dispite some positive news streams. Agree looks good for a strong rise later in the year. I reckon this could be a silent star currently un-noticed....
Posted at 14/6/2007 19:37 by gb904150
Anybody here have an interest in DML or know of any reason for the huge fall in SP?

I would think it is weak holders who have held since float finally bailing as nothing seems to be happening. Seems a v. illiquid stock and so even small vol can result in big falls.

DML is largely on an acquisition spree, but until we can see this will have a strong +ve effect on the bottom line we will continue to drift I think.
Yco Deuxmil share price data is direct from the London Stock Exchange

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