10 Best Uranium Stocks to Invest in Now

3. Denison Mines Corp. (NYSEAMERICAN:DNN)

Number of Hedge Fund Holders: 23

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canadian uranium exploration and development company focused on the Athabasca Basin in Saskatchewan. The company’s flagship Wheeler River project is one of the most promising uranium development projects globally. Denison Mines Corp. (NYSEAMERICAN:DNN) focuses on innovation in uranium extraction technologies and supplies uranium fuel to nuclear reactors worldwide.

Denison Mines Corp. (NYSEAMERICAN:DNN) is prioritizing the advancement of the Phoenix deposit, located within the Wheeler River Uranium Project, towards production. The company estimates that the initial capital costs required to bring the deposit into production will be among the lowest in the industry. By utilizing an in-situ recovery method, the company expects all-in production costs to average $16 per pound. This low-cost production profile, combined with the deposit’s proximity to existing infrastructure, positions the Phoenix deposit as a highly attractive asset with strong economic potential.

Denison Mines Corp. (NYSEAMERICAN:DNN) is also pursuing opportunities to extend the mine life and enhance the production capacity of the Gryphon deposit, another key deposit located in the Wheeler River Project. The Gryphon deposit is expected to be mined using conventional underground mining methods and is anticipated to contribute 49.7 million pounds of proven U3O8 to the project’s total reserves.