---
title: "DNN Denison Mines"
canonical: "https://supercyclehq.com/stock/denison-mines"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "DNN"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Denison Mines (DNN)

Denison Mines is a uranium exploration and development company focused on the Athabasca Basin in northern Saskatchewan, home to the world's highest grade uranium deposits.

## AI Exposure Score

**42/100, Growing.** Denison is a pre-production uranium developer levered to the nuclear expansion that AI electricity demand is driving, with the high grade Phoenix deposit as its flagship. Exposure runs through uranium prices and utility contracting rather than direct AI contracts, and carries commodity and construction risk.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $2.13 |
| Change 1d | -3.62% |
| Change 7d | -3.18% |
| Change 30d | -17.12% |
| Change 1y | -27.05% |
| 52-week high | $4.37 |
| 52-week low | $2.13 |
| Market cap | $1.9B |
| P/E | n/a |
| EPS | $-0.22 |
| Next earnings | 2026-11-03 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE American |
| Sector | Energy |
| Headquarters | Toronto, Canada |
| CEO | David Daniel Cates C.A., C.P.A., MAcc |
| Employees | n/a |
| Website | https://denisonmines.com |
| Buildout layers | [Power & Energy](https://supercyclehq.com/category/power-energy), [Raw Materials & Mining](https://supercyclehq.com/category/raw-materials) |

## What the company does

Denison Mines is a uranium exploration and development company focused on the Athabasca Basin in northern Saskatchewan, home to the world's highest grade uranium deposits. It is largely pre-production today, and its future revenue depends on bringing its flagship Wheeler River project into operation and selling uranium to nuclear utilities.

Wheeler River's Phoenix deposit is planned as an in-situ recovery mine, a lower cost method that pumps solution through the orebody rather than excavating it. Denison has made a final investment decision on Phoenix, with construction planned to begin in 2026. The company also holds interests in the McClean Lake mill and mining joint venture and the Midwest joint venture.

The modern company was formed in 1997 and carries a mining name that dates back decades in Canada. It is headquartered in Toronto, Canada and trades on the NYSE American.

## Role in the AI buildout

Denison sits in the Raw Materials and Power & Energy layers of the AI buildout. Nuclear power is becoming a favored answer to AI data center electricity demand, and every restart, uprate, and new reactor ultimately needs uranium. Denison is a way to own future supply: high grade Athabasca Basin pounds that could reach the market late this decade as Phoenix comes online. The linkage to AI is indirect, running through uranium prices and utility contracting cycles rather than through any direct AI customer.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $1.9M | 0.01% | increased | 2026-06-30 |

## FAQ

### What does Denison Mines do?

Denison Mines is a uranium exploration and development company focused on Saskatchewan's Athabasca Basin. Its flagship asset is a majority interest in the Wheeler River project, where it plans to mine the high grade Phoenix deposit using in-situ recovery.

### How is Denison Mines exposed to AI?

Supercycle rates it Growing with an AI Exposure Score of 42 out of 100. AI-driven nuclear expansion, including hyperscaler backed reactor deals, is structurally lifting uranium demand, and Denison's future production is levered to that cycle rather than to direct AI contracts.

### What is the Wheeler River project?

Wheeler River is the largest undeveloped uranium project in the eastern Athabasca Basin. Its Phoenix deposit is planned as an in-situ recovery mine, and Denison has made a final investment decision with construction planned to begin in 2026.

### Is DNN a pure play AI stock?

No. Supercycle classifies Denison as Growing. It is a uranium developer whose demand outlook benefits from AI-driven nuclear growth, but its results will hinge on uranium prices, permitting, and the execution of mine construction.

### Who leads Denison Mines?

David Cates serves as president and chief executive officer. The company is headquartered in Toronto, Canada and trades on the NYSE American under DNN as well as on the Toronto Stock Exchange.

---

Source: https://supercyclehq.com/stock/denison-mines. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.