Denison Mines has a bright Future

 Denison Mines has been trading in the $2-$3 price range for most of 2025.But it was not always so.In the 2004-2008 period it traded much higher.For example,DML traded in the $4-$6 price range from 2004-2006 and in the $8-$10 price range in the period from 2006-2008.However at that time people believed that uranium and hence nuclear energy was abundant and relatively cheap.It was pegged as  the way to reduce the price of electricity.But it only partly worked out.As the demand for electricity did increase but not enough to increase the overall price of power at least during this period.

   Discovery of More Uranium

   Southern Saskatchewan has one of the biggest deposits of uranium on the planet.And in the period from 2005-2020 Denison discovered a tremenduous amount of uranium ore.But the actual  sales of uranium were dropping off.So much so that in 2023 and 2024 DML received permission to count the increase in the fair value of it's deposits as nominal sales of uranium.Even then sales were down from the values seen in 2020 and 2021.In 2024 DML made a deal with a small American lithium and uranium producer called Foremost Clean Energy.DML acquired 20% of this new small company and in return the American company acquired 10 of these rich 

new,non-core properties in Saskatchewan.DML has the right to acquire a larger stake in the American company in the future in exchange for more of their non-core properties.Right now both parties seemed to be satisfied.DML was trading a month ago in the $2.85- $3.00 price range.Now it trades in the  $4.00-$4.25 price range.In the meantime the price of uranium chugs along on an upward trajectory.This blog thinks that this trend will continue until the fall of 2026.So investors should look for Denison trading in the range of $4.25-$4.75 in the fall of 2026.This blog believes that Foremost Clean Energy will not have done enough work to have made a mine nor increased it's output by very much until 2027.But as already stated  Denison Mines has a bright future.

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Dale Mcintyre is a free lance writer that writes blogs for Zacks Research,Marketbeat.com and Yahoo Finance.He has a graduate degree in economics.And he has written between 60 and 75 business blogs for Zacks.

It is hard to understand just how much the electric vehicle changed the picture for electricity demand.But suddenly electricity providers were talking about shortfalls.Renewable energy and fossil fuels would not satisfy these demands in the near future.Oil,of course,has a special niche for transportation energy but beyond that ......It was left to uranium with it's sustainability to handle future needs.As a result the price of uranium has been  slowly climbing for the last 2-3 years.And the future looks rosy.Here is where DML'smassive amounts of uranium are critical for both itself and Foremost Clean Energy.