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Denison completes a US$75M bought deal

  1. Uranman
    217 Posts.
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    16/03/21
    12:03
    Post #: 51799656
    Big new, Denison wraps up a bought deal for US$75M, to buy some UOC on the spot (at a target price of US30/lb), not doubt to bid into long-term contracts:
    https://www.newswire.ca/news-releases/denison-announces-funding-of-project-finance-initiative-involving-strategic-acquisition-of-physical-uranium-868055176.html

    The spot market is being squeezed like never before, and about to melt-up big time once Cameco reenters the space.

    Companies with great runways (PDN, VMY and BOE) should do well in the near-term.
    VMY Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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