is a minerals exploration and development company focused primarily on uranium properties in North America. The company is engaged in the acquisition, exploration, and development of uranium assets, with a significant concentration on projects in Canada's Athabasca Basin, known for its high-grade uranium deposits. Denison actively seeks to expand its portfolio through strategic partnerships and investments, conducting thorough exploration efforts to assess the economic viability of its projects. In addition to its exploration activities, the company is involved in the advancement of its uranium projects towards production, aiming to contribute to the growing demand for clean energy.
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
As we have been harping on for the last couple of years, uranium stocks are continuing their long-awaited ascent. The sector has experienced a significant boost, with spot prices surging 40% over the past year.
Ur-Energy Inc. will build out its Shirley Basin mine in Wyoming, doubling its production capacity. This comes as uranium prices rise and demand for clean nuclear power grows.
