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Mining & Metals

Cosa Resources Up 15% After Starting Drill Program at Murphy Lake North Uranium JV With Denison Mines

Cosa Resources (COSA.V) shares were last seen up 15% after the company on Thursday said it started its drill program at the Murphy Lake North (MLN) project in northern Saskatchewan.MLN is a joint venture (JV) between Cosa, which holds a 70% interest and is the project operator, with Denison Mines (DML.TO, DNN), who holds the remaining interest. The drilling program will evaluate potential extensions of the Cyclone uranium mineralization intersected during its winter program, it said."We have officially kicked off our largest and most exciting drill program in Cosa's history, with a strong inventory of drill targets designed to follow up on uranium mineralization intersected during the winter drill program," said Chief Executive Keith Bodnarchuk.The drilling prgram is expected to comprise about 15 drill holes totaling 6,000 meters, the company said.Shares of Cosa Resources were last seen up $0.09 to $0.69 on the TSX Venture Exchange.Price: $0.69, Change: $+0.09, Percent Change: +15.00%

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Mining & Metals

Grounded Lithium Oil Production Sales Decline to 114 BPD in May

Grounded Lithium (GRD.V) reported a decline in oil production sales in May 2026 compared with the prior month, it said on Thursday.Oil production sales totaled 114 barrels per day (bpd) in May, compared with production reported in April 2026 of 120 bpd.The company said its partnership with Denison Mines (DML.TO, DNN) on the Kindersley Lithium project (KLP) is now focused on optimizing both wells in efforts to deliver high quality, spec grade, oil into the commodity markets and alleviate facility limitations on daily production. It anticipates that upon completion of "relatively straightforward improvements" to the facilities, production may initially exceed 150 bpd followed by months or years of a shallow production decline.Grounded Lithium and its partners are advancing plans for additional development wells, it said. The company also recovers overhead in addition to its share of revenue as the operator of the wells.Shares of the company closed down 7.1% to $0.065 on Wednesday on the TSX Venture Exchange.

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Mining & Metals

F3 Uranium to Issue Common Shares for Interest Debt Settlement

F3 Uranium (FUU.V) has elected to settle part of accrued interest under a financing agreement with Denison Mines (DML.TO) with the issuance of common shares.The company previously said it was seeking approval to settle a total of C$225,000 in interest, representing the accrued total from Oct. 1, 2025, to March 31, 2026.The total interest owed will be settled through an issuance of 1.6 million common shares at a deemed price of $0.143 per share, subject to TSX Venture Exchange approval.The debenture carries a 9% coupon, payable quarterly, has a maturity date of Oct. 18, 2028, and is convertible at Denison's option into common shares of F3 at a conversion price of $0.56 per share.

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Mining & Metals

Foremost Clean Energy to Issue Shares to Denison Mines Under Investor Rights Agreement

Foremost Clean Energy (FAT.CN) was notified by Denison Mines (DML.TO) of its intention to subscribe for common shares under an equity participation right relating to certain share issuances, the company said on Tuesday.The share issuances were related to the closing of a bought deal private placement of flow through units.In connection with the exercise of the equity participation right, Foremost will issue 137,590 common shares to Denison at a price of $2.44 per share for total consideration of $335,719.60.The proceeds from the private placement will be used to advance exploration for Foremost's 330,000-acre Athabasca Basin uranium portfolio, including its flagship Hatchet Lake uranium project, and for general corporate purposes.Denison held about 2.5 million Foremost common shares, representing about 15.1% of Foremost's issued and outstanding shares prior to closing of the issuance to Denison.On completion of the issuance to Denison, Denison is expected to hold 2.6 million Foremost common shares, representing about 15.8% of Foremost's then issued and outstanding shares.Denison also holds 607,600 Foremost warrants, representing about 17% of the issued and outstanding warrants of Foremost.Price: $2.24, Change: $-0.24, Percent Change: -9.68%

$DML.TO$FAT.CN
Mining & Metals

Denison Mines Up 0.25% In US Premarket As Q1 Adjusted Loss Narrows, Revenue Falls

Denison Mines (DNN) reported a Q1 adjusted loss late Tuesday of C$0.02 per diluted share, narrowing from a loss of $0.05 a year earlier.Analysts polled by FactSet expected a non-GAAP loss of $0.02.Revenue for the quarter ended March 31 was $1.1 million, down from $1.4 million a year earlier.A single analyst surveyed by FactSet expected $1.1 million.The company's shares were at last look up 0.25% in US premarket, having been up 1.4% earlier.

$DML.TO
Mining & Metals

Market Chatter: Triton Uranium Eyes 2026 U.S. Listing As Nuclear Fuel Demand Rise

Triton Uranium is considering a U.S. listing through a merger with a special purpose acquisition company in 2026, its president Scott Evans told Reuters, as the company seeks to tap rising demand for nuclear fuel and bolster domestic supply.The Canada-based company has begun development work at its Atlas Project in Uranium City, Saskatchewan, where it controls about 46,742 acres of mineral claims, the report said.Triton is preparing to launch a 10,000-meter drill programme across four priority targets, including the Dubyna Mine area, with drilling scheduled to commence in June, the report added.The Reuters report noted earlier this year, Denison Mines Corp (DML.TO), and NexGen Energy (NXE.TO) received approval from the Canadian Nuclear Safety Commission to begin construction of their Wheeler River and Rook I projects, respectively, in northern Saskatchewan -- the first approvals for new Canadian uranium mines since 2004.Meanwhile, The Wall Street Journal noted, efforts to build new mines focus on the Athabasca Basin in the far north of western Canada's Saskatchewan province, where uranium-giant Cameco hasoperated for years. Cameco runs the world's two largest uranium operations: McArthur River/Key Lake, in service since 1983, and Cigar Lake, which began commercial operations in 2015.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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