US-listed shares of Denison slide after upsized convertible bonds offering

Denison Mines

13/08/2025 14:11

** U.S.-listed shares of uranium miner Denison Mines DDN.A slide 9.3% to $1.96 premarket

** DNN announces pricing of upsized offering of $300 million convertible bonds due 2031

** Offering boosted from initial size of $250 million

** Initial conversion price of $2.92 represents roughly 35% premium to the closing sale price

** Proceeds will be used to support the evaluation and development of uranium development projects and other purposes

** All four brokerages covering the stock rate it "buy"; median PT $4 - data compiled by LSEG

** As of last close, DNN stock was up 20%

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))