Denison Mines Corp. (DNN) Closes $345 Million Upsized Convertible Notes Offering; National Bank Raises PT to $4.57

With significant hedge fund interest, Denison Mines Corp. (NYSE:DNN) secures a spot on our list of the 12 Best Uranium Stocks to Buy Right Now.

On August 15, 2025, Denison Mines Corp. (NYSE:DNN) closed a $345 million upsized convertible notes offering. With this close, the company secured net proceeds of about $333 million to advance its flagship Wheeler River uranium project. The offering, which features a 4.25% coupon and a capped call strategy, saves over $100 million in interest while minimizing dilution risk.

Meanwhile, on August 18, 2025, National Bank raised its price target on Denison Mines Corp. (NYSE:DNN) to $4.57 from $4.40, keeping an ‘Outperform’ rating. With a strengthened balance sheet and renewed analyst confidence, the company looks to gain momentum as it positions for a final investment decision on its Phoenix ISR uranium mine.

Denison Mines Corp. (NYSE:DNN), a Canadian uranium mining and development company, focuses on advancing its Wheeler River Project in Saskatchewan’s Athabasca Basin. It is one of the best uranium stocks.

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