Topic: How To Invest

Hi, Pat. Can I have your recommendation on Denison Mines? Thank you.

Article Excerpt

Denison Mines Corp., $1.02, symbol DML on Toronto (Shares outstanding: 506.4 million; Market cap: $521.6 million; www.denisonmines.com), holds 22.5% of France-based Areva SA’s McClean Lake uranium-processing plant in Saskatchewan. It also has stakes in exploration properties in that province’s Athabasca Basin, including its 60%-owned project at Wheeler River. Internationally, Denison owns 100% of the Mutanga project in Zambia, roughly 90% of the Dome project in Namibia and an 85% stake in properties held by the Gurvan Saihan joint venture in Mongolia. In addition, the company decommissions mines and provides other environmental services through its DES division. It also manages Uranium Participation Corp. (symbol U on Toronto), which invests in uranium oxide (U3O8) in concentrates. In June 2014, Denison bought International Enexco, which owns 30% of the Mann Lake exploration project (Cameco Corp. owns 52.5% and Areva holds the other 17.5%) and 20% of the Bachman Lake uranium joint venture (Denison already owned the other 80%). The company’s range of exploration interests, combined…