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Cosa Appoints Justin Rodko as VP Corporate Development and Issues Shares to Denison

By The Northwire Desk — AI Analysis Jan 14, 2026 · 08:01 DML · 4.66 Denison Mines Corp.
DML · Price

Executive Summary

  • Cosa Resources Corp. promoted Justin Rodko to Vice President, Corporate Development.
  • The company issued 1,960,000 common shares to Denison Mines Corp. as partial payment of deferred consideration under the November 2024 Acquisition Agreement.
  • After issuance, Denison’s ownership increased to approximately 18.26% of Cosa’s outstanding shares; an additional C$1.49 million of deferred consideration remains payable.

Key Details

  • Promotion: Justin Rodko, Professional Geoscientist, appointed VP‑Corporate Development; recognized for contributions since 2023, including the transformative transaction with Denison in Jan 2025.
  • Deferred Consideration Shares Issued: 1,960,000 common shares at a deemed price of $0.3891 per share.
  • Remaining Deferred Consideration: Approximately C$1,487,364 to be satisfied via future share issuances under the Acquisition Agreement.
  • Statutory Hold Period: The issued shares are subject to a four‑month‑plus‑one‑day hold period.
  • Denison Ownership Post‑Issuance:
  • Shares: 20,990,864 (≈ 18.26% of Cosa’s issued and outstanding shares).
  • Warrants: 2,417,679 (≈ 9.81% of Cosa’s issued and outstanding warrants).
  • Early Warning Report: Denison will file an early‑warning report under NI 62‑103 regarding its acquisition of the Deferred Consideration Shares.
  • Future Plans: Cosa intends to update the market on detailed drill plans for the Darby and Murphy Lake North Joint Ventures ahead of its largest drilling campaign to date in 2026.

Notable Quotes

“Justin's appointment to VP of Corporate Development is in recognition of the enormous role he's played since 2023… We look forward to updating the market shortly on our detailed drill plans…” – Keith Bodnarchuk, President and CEO, Cosa Resources Corp.

Read the original news release →

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