Denison Mines Corp. Surges 15.51% Amidst Uranium Mining Operations Commencement

Denison Mines Corp. (DNN) share price surged 15.51% between July 15 and July 22, 2025, making it one of the top Energy Stocks that Gained This Week. The company announced the commencement of uranium mining operations at the McClean North deposit using the SABRE mining method with joint venture partner Orano Canada. Denison owns a 22.5% interest in the JV.

Denison Mines Corp. (DNN) has seen its share price surge 15.51% between July 15 and July 22, 2025, making it one of the top energy stocks that gained this week. The company's stock performance was driven by the announcement of the commencement of uranium mining operations at the McClean North deposit using the SABRE mining method. Denison owns a 22.5% interest in the joint venture (JV) with Orano Canada.

The SABRE mining method, developed by Orano Canada, is a patented technology designed to extract uranium from the Athabasca Basin in northern Saskatchewan. The method's ability to efficiently and economically extract uranium has been a significant driver for Denison's recent stock performance.

Denison's interest in the McClean Lake Joint Venture (MLJV) is substantial, with the company owning a 22.5% stake in the JV and the McClean Lake uranium mill. The mill has a licensed annual production capacity of 24.0 million pounds U3O8 and is currently operating under a 10-year license expiring in 2027. The mill is contracted to process the ore from the Cigar Lake mine under a toll milling agreement.

The recent announcement also comes on the heels of positive exploration news from Denison. The company reported several significant new intercepts of shallow high-grade uranium mineralization at the McClean South zone, part of the McClean Lake Joint Venture. The exploration drilling program, completed by Orano Canada, returned several notable high-grade intersections, including MCS-77 with 7.51% eU3O8 over 5.4 metres and MCS-80 with 3.5% eU3O8 over 11.2 metres [1].

These discoveries have expanded the mineralized footprint of the 8C and 8W pods at McClean South. The exploration program aimed to further assess the 8C and 8W pods and successfully expanded their footprint. The results have confirmed the continuity of mineralization and provided additional evidence of the potential economic viability of the McClean South deposit.

Denison's Vice President of Technical Services and Project Evaluation, Chad Sorba, commented on the exploration program's success, stating that it returned several meaningful additional high-grade intercepts, which have expanded the mineralized footprint of the 8C and 8W pods. The company's President & CEO, David Cates, added that the results have great potential for the MLJV to advance McClean South to potentially emerge as an economic new source of future feed to the McClean Lake mill.

In conclusion, Denison Mines Corp.'s stock performance this week reflects investor confidence in the company's exploration success and the commencement of mining operations at the McClean North deposit. The company's continued focus on the Athabasca Basin and its strategic partnership with Orano Canada position Denison as a key player in the uranium mining sector.

References:
[1] https://denisonmines.com/news/denison-announces-additional-high-grade-uranium-mi-122826/