Here is Why Denison Mines (DNN) Gained This Week

The share price of Denison Mines Corp. (NYSEAMERICAN:DNN) surged by 12.78% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Denison Mines Corp. (NYSEAMERICAN:DNN) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada.

Denison Mines Corp. (NYSEAMERICAN:DNN) announced on November 17 that it has signed an agreement with Skyharbour Resources to acquire stakes in claims belonging to the latter’s Skyharbour Russell Lake uranium project, located directly adjacent to Denison’s flagship Wheeler River project. Moreover, the two companies have also agreed to enter into option agreements, which will enable Denison to grow its ownership interest in each of the new Wheeler North and Getty East JVs to as much as 70%.

David Cates, President & CEO of Denison, stated:

“As Denison nears receipt of final regulatory approvals for the Phoenix In-Situ Recovery mine proposed for our flagship Wheeler River property, we are also making measured investments in our project pipeline – including our next development assets and high-potential exploration properties.  Given its proximity to Wheeler River, Denison has had an interest in adding Russell to our property portfolio for much of my nearly two decades with the Company. This transaction achieves that objective by providing Denison with the opportunity to lead and participate in exploration efforts across four newly created joint ventures, which are designed to drive collaboration between Denison and Skyharbour’s technical teams.  We are excited to build on our long-standing relationship with Skyharbour and accelerate the evaluation of this exceptional package of highly prospective ground.”

Additionally, Denison Mines Corp. (NYSEAMERICAN:DNN) was among the Canadian uranium stocks that shot up following reports that Canada and India are nearing a $2.8 billion agreement for Ottawa to export nuclear fuel to the South Asian country for 10 years.

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Disclosure: None.