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Denison makes equity offering to support Wheeler FS work

The Wheeler River camp in northern Saskatchewan. Credit: Denison Mines

Denison Mines (TSX: DML; NYSE: DNN) announced it is making an at-the-market C$50 million equity offering to support work on the feasibility study for its Wheeler River uranium project in Saskatchewan’s Athabasca Basin. The financing will be co-led by Cantor Fitzgerald Canada and Scotia Capital.

The at-the-market offering allows Denison to occasionally sell through its agents the number of common shares needed to raise C$50 million. The offer will be made at the discretion of the company and may not raise the entire desired amount.

(This article first appeared in the Canadian Mining Journal)

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