Reported 1 day ago
Denison Mines Corp. (NYSEAmerican:DNN) saw a 5.45% increase in share prices, closing at $2.32, following news of an anticipated production cut from Kazakhstan's Kazatomprom, the world's largest uranium producer. The 10% reduction in uranium output is expected to tighten supply and raise prices, benefiting smaller companies like Denison Mines. Additionally, Denison announced it has raised $345 million through convertible senior unsecured notes to support its operations.
Source: YAHOO