[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5449 followers Created: 2025-07-18 16:43:35 UTC #uranium #nuclear #nuclearstocks $DNN Attached is page X of a 10-page Raymond James analyst report on DNN issued yesterday entitled: "1Q25 Results; Corporate Updates" Raymond James has a 'Outperform' rating on DNN with a CAD $XXXX (USD $2.77) price target. Raymond James' summary statement regarding DNN in the report includes the following: "DML holds a controlling interest in the Wheeler River project, including the Phoenix deposit, which is one of the highest-grade deposits in the world. DML also offers a diversified revenue stream from tolling while exploration and development activities at Wheeler progress. We believe Denison offers investors good exposure to uranium through a number of assets. Analysis: DML has announced the restart of mining operations at the McClean Lake Joint Venture (MLJV) returning DML to the ranks of active uranium producers. Orano Canada owns a XXXX% interest and is the operator of the MLJV and DML owns a XXXX% interest. The MLJV uses the SABRE mining method and the existing excess mill capacity within the MLJV. SABRE mining of the McClean North uranium deposit commenced in June with about XXX tonnes of high-grade ore (+10% U3O8) estimated to have been recovered from the first mining cavity and Orano has commenced processing of the recovered ore at the McClean Lake mill. DML will receive its pro rata share of production and be able to sell its attributable production which could help build relationships with key customers ahead of the planned construction of the Phoenix project in early 2026 (subject to CNSC approval) for first production by mid-2028. We also note DML recently announced the discovery of additional high-grade mineralization about XX metres outside of the previously estimated mineralized domain associated with the D1 lens of the Gryphon uranium deposit. Drill hole WR-837AD2 intersected XXX metres at XXXX% eU3O8 including XXX metres at XXXX% eU3O8 in the down plunge direction from the previously defined D1 lens. This area remains open down-plunge and along strike to the northeast for further expansion. Gryphon is situated approximately X km northwest of the Phoenix ISR uranium mine development project. Potential future development of the Gryphon deposit has been assessed as an underground mining operation at a PFS level in 2018 with a cost update completed in 2023 and could occur after Phoenix. We have updated our forecasts for the restart of SABRE. -- Valuation: Our new target price of $XXXX is based on an unchanged 1.1x multiple (generally in-line with our base metal and uranium universe), to our revised financed NAVPS estimate (with net corporate adjustments included at 1.0x). -- General Risk Factors Following are some general risk factors that pertain to the businesses of the subject companies and the projected target prices and recommendations included on Raymond James research: (1) Industry fundamentals with respect to customer demand or product/service pricing could change and adversely impact expected revenues and earnings; (2) issues relating to major competitors or market shares or new product expectations could change investor attitude toward the sector or this stock; (3) Unforeseen developments with respect to the management, financial condition or accounting policies or practices could alter the prospective valuation. -- Company Specific Risk Factors Development Risk: Wheeler is a development stage project and many parameters could change materially. There are also financing, capital, permitting, and timing risks. Permitting Risk: Permitting a new uranium mine comes with high risk, but this may be mitigated slightly given the appetite for mining in the region, the lack of deleterious elements and the expectation that surface disturbance will be relatively minor. Financing Risk: While currently well-funded, significant financing is still required to develop Wheeler but in an improved uranium market, we believe financing is possible and in our analysis have financed the project with a combination of debt and equity." (Page X is not available here as X does not allow me to post pages from reports on this platform) cc: @SloCan68 @hcrubin2009 XXXXX engagements  **Related Topics** [united states dollar](/topic/united-states-dollar) [cad](/topic/cad) [$dnn](/topic/$dnn) [Post Link](https://x.com/CorleoneDon77/status/1946249502861717810)
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DonCorleone77 @CorleoneDon77 on x 5449 followers
Created: 2025-07-18 16:43:35 UTC
#uranium #nuclear #nuclearstocks
$DNN
Attached is page X of a 10-page Raymond James analyst report on DNN issued yesterday entitled:
"1Q25 Results; Corporate Updates"
Raymond James has a 'Outperform' rating on DNN with a CAD $XXXX (USD $2.77) price target.
Raymond James' summary statement regarding DNN in the report includes the following:
"DML holds a controlling interest in the Wheeler River project, including the Phoenix deposit, which is one of the highest-grade deposits in the world. DML also offers a diversified revenue stream from tolling while exploration and development activities at Wheeler progress. We believe Denison offers investors good exposure to uranium through a number of assets.
Analysis:
DML has announced the restart of mining operations at the McClean Lake Joint Venture (MLJV) returning DML to the ranks of active uranium producers. Orano Canada owns a XXXX% interest and is the operator of the MLJV and DML owns a XXXX% interest.
The MLJV uses the SABRE mining method and the existing excess mill capacity within the MLJV. SABRE mining of the McClean North uranium deposit commenced in June with about XXX tonnes of high-grade ore (+10% U3O8) estimated to have been recovered from the first mining cavity and Orano has commenced processing of the recovered ore at the McClean Lake mill.
DML will receive its pro rata share of production and be able to sell its attributable production which could help build relationships with key customers ahead of the planned construction of the Phoenix project in early 2026 (subject to CNSC approval) for first production by mid-2028.
We also note DML recently announced the discovery of additional high-grade mineralization about XX metres outside of the previously estimated mineralized domain associated with the D1 lens of the Gryphon uranium deposit.
Drill hole WR-837AD2 intersected XXX metres at XXXX% eU3O8 including XXX metres at XXXX% eU3O8 in the down plunge direction from the previously defined D1 lens. This area remains open down-plunge and along strike to the northeast for further expansion. Gryphon is situated approximately X km northwest of the Phoenix ISR uranium mine development project.
Potential future development of the Gryphon deposit has been assessed as an underground mining operation at a PFS level in 2018 with a cost update completed in 2023 and could occur after Phoenix.
We have updated our forecasts for the restart of SABRE.
-- Valuation:
Our new target price of $XXXX is based on an unchanged 1.1x multiple (generally in-line with our base metal and uranium universe), to our revised financed NAVPS estimate (with net corporate adjustments included at 1.0x).
-- General Risk Factors
Following are some general risk factors that pertain to the businesses of the subject companies and the projected target prices and recommendations included on Raymond James research:
(1) Industry fundamentals with respect to customer demand or product/service pricing could change and adversely impact expected revenues and earnings;
(2) issues relating to major competitors or market shares or new product expectations could change investor attitude toward the sector or this stock;
(3) Unforeseen developments with respect to the management, financial condition or accounting policies or practices could alter the prospective valuation.
-- Company Specific Risk Factors
Development Risk: Wheeler is a development stage project and many parameters could change materially. There are also financing, capital, permitting, and timing risks.
Permitting Risk: Permitting a new uranium mine comes with high risk, but this may be mitigated slightly given the appetite for mining in the region, the lack of deleterious elements and the expectation that surface disturbance will be relatively minor.
Financing Risk: While currently well-funded, significant financing is still required to develop Wheeler but in an improved uranium market, we believe financing is possible and in our analysis have financed the project with a combination of debt and equity."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
cc: @SloCan68 @hcrubin2009
XXXXX engagements
Related Topics united states dollar cad $dnn