25 Mar 2013business combination● NeutralMajor
The arrangement agreement of 7 March 2013 under which Denison would acquire Fission Energy Corp, with Fission's Patterson Lake ground spun out into a new company, Fission Uranium.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Mar 2013annual report● NeutralMajor
The 2012 annual filing package. Its substance sits in three exhibits: the year's results, the completion of the JNR Resources acquisition on 31 January 2013, and a new advance-notice by-law restricting how directors can be nominated from the floor.
18 Jan 2013resource reserve update● Neutral
The independent technical report behind the Phoenix estimate, prepared by Roscoe Postle Associates and effective 31 December 2012.
17 Jan 2013other material event● Neutral
The Canadian material change report for the Phoenix resource estimate, which confirms Denison held 60% of Wheeler River at the time.
16 Jan 2013resource reserve update▲ GoodMajor
First resource estimate for the Phoenix A and B deposits at Wheeler River: 52.3 million lb of uranium oxide indicated, from just 152,400 tonnes at 15.6% uranium oxide, plus 7.6 million lb inferred from 11,600 tonnes at 29.8%. Very small tonnages at extraordinary grades.
18 Dec 2012asset acquisition disposition● NeutralMajor
A late material change report on the transaction that reshaped the company: on 29 June 2012 Denison sold every subsidiary holding its United States mining assets and operations to Energy Fuels in exchange for 425,440,872 Energy Fuels shares. What was left was a Canadian and African exploration company with no production of its own.
14 Nov 2012business combination● NeutralMajor
Agreed a friendly takeover of JNR Resources, an Athabasca Basin explorer, at 0.073 of a Denison share for each JNR share - the first of four acquisitions Denison made in the basin between 2012 and 2015.
9 Oct 2012drilling result▲ GoodMajor
The 2012 Wheeler River programme drilled 27,263 metres in 58 holes and expanded the Phoenix B deposit, with WR-474 returning 18.37% uranium oxide over 4.4 metres and WR-478 21.74% over 1.6 metres. Grades of this order are what makes the eastern Athabasca Basin unusual.
5 Oct 2012capital raising announcement● Neutral
Agreed a bought-deal private placement of 4,145,000 flow-through shares at C$1.69 for about C$7.0 million. Flow-through shares pass Canadian exploration tax deductions to the buyer and can only fund exploration, which is how most of Denison's drilling is paid for.
19 Sept 2012other● Neutral
Told the market, at the request of Canada's investment industry regulator, that it had no undisclosed developments to explain a jump in trading volume that day.
14 Mar 2012annual report▼ BadMajor
Reported 2011 results: a fourth-quarter net loss of $65.5 million, or $0.17 a share, against $9.4 million a year earlier, including a non-cash impairment charge of $32.6 million.
10 Feb 2012drilling result▲ Good
Reported the second phase of its 2011 drilling at the wholly owned Mutanga uranium project in Zambia, with the best holes to date at the Dibwe East deposit: DMC1036 returned 1,828 ppm uranium oxide over 13.4 metres and DMC1143 1,253 ppm over 9.1 metres. The release itself is dated 29 November 2011 and was filed with the SEC in February 2012.
22 Sept 2006business combination▲ GoodMajor
Denison Mines Inc and International Uranium Corporation agreed to merge into a single diversified uranium producer, targeting 5.5 million lb of uranium oxide a year by 2010, with 100% of the White Mesa mill in Utah, 22.5% of the McClean Lake mill in the Athabasca Basin, five active projects and more than $120 million of cash. This is the origin of Denison Mines Corp, and of the three asset groups it spent the next decade disposing of: the US mining division sold to Energy Fuels in 2012, the Mongolian ground sold in 2015, and the African portfolio sold to GoviEx in 2016. The 22.5% of McClean Lake is the one piece it kept.
18 Oct 2000contract award▲ GoodMajor
Denison's predecessor, International Uranium Corporation, sold its entire 565,000 lb uranium inventory together with its sales contracts for US$6.2 million net, lifting cash to US$12 million, and won its third multi-million-dollar US government FUSRAP contract to process contaminated material as alternate feed. The earliest event in this record: the company was living off toll processing at its Utah mill, not off mining.