Denison Mines Corp. (NYSE AMEX: DNN) is a growth-focused and nicely diversified intermediate uranium producer with active mines in the United States and other mines and projects on stand-by in Canada and the U.S.
Denison was formed through a merger of the business operations of Denison Mines Inc. and International Uranium Corporation in late 2006. Assets include an interest in two of the four licensed and operating conventional uranium mills in North America, with its 100% ownership of the White Mesa mill in Utah and its 22.5% ownership of the McClean Lake mill in Saskatchewan. Denison’s 2008 production from these two mills was roughly 1.6 million pounds U3O8 and 1.2 million pounds of vanadium. Production through 2009 is expected to be 1.2 to 1.5 million pounds U3O8 and 0.5 million pounds of vanadium.
Denison's portfolio includes several world-class exploration projects that include the Wheeler River project, and several others in the Athabasca Basin in Saskatchewan. The portfolio also includes highly regarded exploration and development properties in Mongolia and, indirectly through its investments, in Australia and the U.S. Denison also owns the advanced-stage Mutanga Project in Zambia, Africa.