Denison chair resigns, Lundin steps in

Canadian uranium miner Denison Mines has re-appointed Lukas Lundin as chairperson of its board, after James Gill resigned down from the position as as a director. Gill was appointed chairperson in May 2009, at the same time that the company named...

Ron Hochstein named new Denison CEO

Canadian uranium producer Denison Mines has named COO Ron Hochstein as president and CEO, and Dr James Gill as chairperson of the board, it announced on Wednesday. Denison has uranium mining assets in the US and Canada, as well as exploration...

Denison expects spot uranium will close in on long-term price this year

Canadian uranium producer Denison Mines expects that the spot price for uranium will narrow the gap with the long-term price for the nuclear fuel during 2009, president and COO Ron Hochstein said on Thursday. The spot price of uranium decreased...

Denison agrees to buy Northern Continental

Canadian uranium miner Denison Mines has signed a letter of intent to buy explorer Northern Continental, in an all-share transaction. Northern Continental holds a 60% interest in the Russell Lake uranium property, adjacent to Denison's Wheeler...

Lukas Lundin named interim CEO at Denison

Mining luminary Lukas Lundin will serve as interim CEO at uranium producer Denison Mines, until a permanent appointment is made, the company announced on Thursday. Lundin, who sits on the board of several mining, exploration and energy firms,...

Denison inks 5-yr uranium supply contract

Canadian uranium-miner Denison Mines has entered into a new long-term sales contract for uranium produced at the firm's US and Canadian operations, it announced on Monday. Denison will supply a total of one-million pounds of yellowcake to an...

Denison unveils plans for share sale, offtake pact with Korea Electric

Uranium producer Denison Mines has come up with a plan to shore up its balance sheet by raising C$94,9-million, including through the sale of a 19,9% stake in the company to Korea Electric Power Corporation (Kepco). Denison, which said last month...

Denison CEO Farmer to step down end-April

Toronto-based uranium miner Denison Mines has begun searching for a new CEO, after incumbent Peter Farmer announced he will step down at the firm's annual shareholders' meeting, scheduled for April 30. Farmer “has indicated that it is time for...

Denison considers asset sales, strategic partner

Toronto-based uranium miner Denison Mines is considering options that include selling a stake in itself or some assets, as it faces the prospect of breaching a bank earnings covenant by year-end, CEO Peter Farmer said on Thursday. The firm has...

'We're at or nearing the bottom of the uranium price cycle'

Canadian-uranium miner Denison Mines expects the spot price for the nuclear fuel to rise closer to, and possibly even above, the more stable long-term price, and would not be surprised to see the long-term price increase too, CEO Peter Farmer said...

SA power crunch lends glister to vanadium – Canadian uranium miner

The power crisis in South Africa, which produces about 39% of the world's vanadium supply, has made the material an increasingly lucrative byproduct for Canada's Denison Mines, prompting the uranium-miner to consider beneficiating to...