Business
Denison Reports Strong Operational and Financial Results for 2021 Backed by Improving Uranium Market and $41.4 million gain on Physical Uranium Holdings
Denison Reports Strong Operational and Financial Results for 2021 Backed by Improving Ura...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n \n \n \n Denison Reports Strong Operational and Financial Results for 2021 Backed by Improving Uranium Market and $41.4 million gain on Physical Uranium Holdings\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n TORONTO\n \n ,\n \n March 3, 2022\n \n /CNW/ -\n \n Denison Mines Corp.\n \n ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Audited Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the year ended\n \n December 31, 2021\n \n . Both documents will be available on the Company's website at\n \n www.denisonmines.com\n \n or on SEDAR (at\n \n www.sedar.com\n \n ) and EDGAR (at\n \n www.sec.gov/edgar.shtml\n \n ). The highlights provided below are derived from these documents and should be read in conjunction with them. The Company's results are highlighted by earnings attributable to Denison shareholders of\n \n $0.02\n \n per share for the year ended\n \n December 31\n \n , 2021.  All amounts in this release are in Canadian dollars unless otherwise stated.\n \n View PDF Version\n \n .\n \n \n \n David Cates\n \n , President and CEO of Denison commented,\n \n \"Our results from 2021 reflect a significant improvement in the uranium market, as well as continued operational progress advancing Wheeler River's\n \n Phoenix\n \n uranium deposit ('\n \n Phoenix\n \n ') towards a development decision.\n \n \n \n \n Less than twelve months ago, Denison completed a novel project financing initiative in support of the future development of the Wheeler River project, involving the purchase of 2.5 million pounds U\n \n 3\n \n O\n \n 8\n \n in physical uranium holdings at an average cost of\n \n US$29.66\n \n /lb U\n \n 3\n \n O\n \n 8\n \n . The financing was designed to position our shareholders to benefit from the additional financial stability of our uranium holdings, while remaining fully leveraged to any future appreciation of uranium prices that might occur prior to the completion of a p...