Denison Mines Corp. Closes $345 Million Upsized Convertible Notes Offering, National Bank Raises PT to $4.57

Denison Mines Corp. (DNN) closed a $345 million upsized convertible notes offering, securing net proceeds of $333 million to advance its Wheeler River uranium project. National Bank raised its price target to $4.57 from $4.40, maintaining an 'Outperform' rating. The company's strengthened balance sheet and renewed analyst confidence position it for a final investment decision on its Phoenix ISR uranium mine.