Denison Mines

I am going to start this post off with saying I do not believe this is a short term play. It's a buy and hold for 3-5 years stock. The company is in the business of uranium mining, there are many other companies like it but with the price point of $3.30 as of this morning I believe its still a good by in price. The company has also seen good stock price recovery in the last 5 years but is still not at its 2008 high. The company is based in Canada Their first mine that they hold a JV with resumed/started operation in 2025. They have a second mine which is supposed to be their flagship mine is set to start construction next year. They also have other projects/mines down the line. They are finally switching from prospecting to developing. Why i believe in the company. Global opinion of nuclear energy is shifting to the positive with both parties (in the US). The governor of Michigan is been advocating to get the nuclear plant in her state restarted, which its set to do this year. Other states around the country have been looking to construct new power plants. Other countries have also decided to keep plants operational while others are deciding to construct more. Safety margins on nuclear energy have been improving meanwhile it was already the safest form of energy measured in deaths per KW generated. Also with data centers popping up left and right there is a massive need for additional clean power generation which I believe nuclear alresdy fits perfectly in. Current uranium price is around $80 per pound and large nuclear plants that generate around 1 GWh use around 40k pounds of uranium a month (about 3.2 million usd). Expectations are that the price will rise (duh) with some estimate saying it will skyrocket if demand spikes and supply can't keep up (typical supply and demand). Notable risk. Their new mine could prove costly/time consuming in development and also not produce expected quantities. New large nuclear reactors take extremely long to build in much of the world due to insane regulation on them, around 10 years. Thorium reactors are becoming more popular which consume less uranium. There is also the risk of a large meltdown that will turn public opinion sour again. New battery technology could be created making traditional renewables more reliable to the system as their biggest issue right now is storage. With the risk in mind my personal opinion is nuclear energy is the immediate bridge that we need for a cleaner energy transition. The technology should have never been shunned by the public, especially those invested in green energy. I had a very miniscule position in UEC back in 2023 and that stock 5x. With mine developments/construction on the way with DNN I believe this company will do the same. On the same token I believe all uranium stocks will do well I just believe this one has the highest growth potential from its current price. Tldr I believe DNN has the right near term catalyst to grab a portion of the growing uranium market and secure contracts that will drive up the stock price despite the risk associated with nuclear energy.