Foremost Clean Energy Advances Uranium Properties from Denison Mines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 Jan 26
Denison Mines Corp's stock rose by 3.80% as it reached a 52-week high.
Foremost Clean Energy plans to earn up to a 70% interest in 10 uranium properties from Denison Mines in the Athabasca Basin, highlighting the strategic importance of uranium amid rising nuclear energy demand. This engagement is expected to enhance Denison's visibility and growth potential in the clean energy sector.
The increasing global demand for carbon-free energy positions Denison Mines favorably, as its uranium assets are likely to benefit from the ongoing shift towards sustainable energy solutions.
Analyst Views on DNN
Wall Street analysts forecast DNN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.30 USD with a low forecast of 3.00 USD and a high forecast of 3.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.940
Low
3.00
Averages
3.30
High
3.60
Current: 3.940
Low
3.00
Averages
3.30
High
3.60
About DNN
Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
