$DNN  is one of those uranium names that sits right in the middle of the conversation whenever the sector heats up. What makes it different is that you’re not only betting on a future mine the company actually holds physical uranium (U₃O₈) on its balance sheet, which gives direct exposure to spot prices right now.

On the development side, Denison owns the Wheeler River project in Canada, often mentioned as one of the highest-grade undeveloped uranium projects in the world. With uranium supply still tight after years of underinvestment, and utilities slowly moving back into long-term contracts, setups like this are starting to get attention again.

Of course, it’s not a risk-free play. Development timelines, funding needs, and the cyclical nature of uranium prices are real concerns. Compared to holding physical uranium or sticking with large producers, $DNN is clearly higher risk but it also comes with more upside if the cycle plays out.

How are you all approaching uranium at current spot prices physical exposure, big producers, or developers like $DNN?