TORONTO, Feb. 27, 2025 /PRNewswire/ – Denison Mines Corp. (“Denison” or the “Company“) (TSX: DML) (NYSE American: DNN) is happy to announce that the Canadian Nuclear Protection Fee (“CNSC“) Registrar has eager the agenda for the CNSC population listening to (“Hearing“) for the Wheeler River Uranium Undertaking (“Wheeler River“, or the “Project“). The Listening to is scheduled to be held in two pieces (October 8, 2025, and December 8 to twelve, 2025) and represents the general step within the federal kindness procedure for the Undertaking’s Environmental Evaluation (“EA“) and Licence to Get ready and Assemble a Uranium Mine and Mill (“Licence“). View PDF Version
According to this agenda, if the CNSC makes a recommended resolution to approve the Undertaking following the of entirety of the Listening to, the Corporate expects in an effort to begin web site preparation and development actions for the Phoenix In-Situ Medication (“ISR“) mission in early 2026.
The announcement of the Listening to agenda follows the a success of entirety of more than one key regulatory milestones in overdue 2024, together with (i) of entirety of the technical evaluation segment of the federal EA kindness procedure in November, (ii) acceptance via the CNSC of the Corporate’s ultimate Environmental Affect Remark (“EIS“) for the Undertaking in December, and (iii) the CNSC’s choice of the sufficiency of Denison’s Licence utility, additionally in November. Those accomplishments point out that the CSNC team of workers aid the development of the Undertaking and are transitioning their efforts to arrange an evidence-based abstract file for the Fee participants that may manage the Listening to and render their resolution at the EA and Licence as soon as the Listening to is entire.
David Cates, President and CEO of Denison commented, “The scheduling of the Hearing and acceptance of the final federal EIS by the CNSC represent significant additional achievements for Denison in our efforts to obtain the regulatory approvals necessary to commence construction of the Phoenix ISR uranium mining operation. Importantly, obtaining clarity on the Hearing schedule significantly reduces uncertainty regarding the timeline for Federal project approvals and allows our operations team to finalize our construction planning efforts with greater precision. With the potential to commence construction in early 2026, we expect to be able to maintain our target of achieving first production from Phoenix by the first half of 2028.”
About Denison
Denison is a eminent uranium mining, building, and exploration corporate with pursuits targeted within the Athabasca Basin pocket of northern Saskatchewan, Canada. Denison has an efficient 95% pastime in its flagship Wheeler River Uranium Undertaking, which is the most important undeveloped uranium mission within the infrastructure lavish japanese portion of the Athabasca Basin pocket of northern Saskatchewan. In mid-2023, the Phoenix feasibility learn about was once finished for the Phoenix storehouse as an ISR mining operation, and an replace to the up to now ready 2018 Pre-Feasibility Find out about (‘PFS’) was once finished for Wheeler River’s Gryphon storehouse as a traditional underground mining operation. According to the respective research, each deposits have the prospective to be aggressive with the bottom value uranium mining operations on the earth. Allowing efforts for the deliberate Phoenix ISR operation commenced in 2019 and a number of other remarkable milestones had been completed in 2024 with the submission of federal licensing paperwork and the acceptance of the general method of the mission’s Environmental Affect Remark via the Province of Saskatchewan and the Canadian Nuclear Protection Fee.
Denison’s pursuits in Saskatchewan additionally come with a 22.5% possession pastime within the McClean Puddle Joint Mission (‘MLJV’), which incorporates unmined uranium deposits (deliberate for extraction by way of the MLJV’s SABRE mining form origination in 2025) and the McClean Puddle uranium mill (lately using a portion of its authorized capability to procedure the ore from the Cigar Puddle mine underneath a toll milling contract), plus a 25.17% pastime within the Midwest Joint Mission (‘MWJV’)’s Midwest Major and Midwest A deposits, and a 69.44% pastime within the Tthe Heldeth Túé (‘THT’) and Huskie deposits at the Waterbury Puddle Constituent (‘Waterbury’). The Midwest Major, Midwest A, THT and Huskie deposits are positioned inside of 20 kilometres of the McClean Puddle mill. Taken in combination, Denison has direct possession pursuits in houses overlaying ~384,000 hectares within the Athabasca Basin pocket.
Moreover, via its 50% possession of JCU (Canada) Exploration Corporate, Restricted (‘JCU’), Denison holds pursuits in diverse uranium mission joint ventures in Canada, together with the Millennium mission (JCU, 30.099%), the Kiggavik mission (JCU, 33.8118%) and Christie Puddle (JCU, 34.4508%).
In 2024, Denison celebrated its seventieth presen in uranium mining, exploration, and building, which started in 1954 with Denison’s first acquisition of mining claims within the Elliot Puddle pocket of northern Ontario.
Practice Denison on Twitter @DenisonMinesCo
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Sure knowledge contained on this press let go constitutes ‘forward-looking knowledge’, inside the that means of the appropriate United States and Canadian regulation in regards to the industry, operations and fiscal efficiency and situation of Denison. Typically, those forward-looking statements will also be known via the significance of forward-looking terminology comparable to ‘plans’, ‘expects’, ‘price range’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’, or the negatives and/or diversifications of such phrases and words, or environment that positive movements, occasions or effects ‘would possibly’, ‘may just’, ‘would’, ‘would possibly’ or ‘shall be taken’, ‘happen’, ‘be completed’ or ‘has the prospective to’.
Specifically, this press let go incorporates forward-looking knowledge bearing on the Corporate’s expectancies with appreciate to the Listening to and the EA and Licensing procedure, building plans for Wheeler River and the proposed ISR operation for the Phoenix storehouse; expectancies relating to Denison’s three way partnership possession pursuits; and expectancies in regards to the goals and perpetuity of its guarantees with 3rd events. Statements with regards to ‘mineral reserves’ or ‘mineral sources’ are deemed to be forward-looking knowledge, as they contain the implied evaluation, in response to positive estimates and guesses that the mineral reserves and mineral sources described will also be profitably produced going forward.
Ahead shopping statements are in response to the evaluations and estimates of control as of the time such statements are made, and they’re matter to identified and unknown dangers, uncertainties and alternative elements that can reason the original effects, degree of job, efficiency or achievements of Denison to be materially other from the ones expressed or implied via such forward-looking statements. For instance, the result of the Listening to is probably not as expected. As well as, Denison would possibly make a decision or another way be required to discontinue building paintings whether it is not able to conserve or another way reserve the important approvals or sources (comparable to trying out amenities, capital investment, and so forth.). Denison believes that the expectancies mirrored on this forward-looking knowledge are cheap, however incorrect promise will also be for the reason that those expectancies will turn out to be correct and effects would possibly vary materially from the ones expected on this forward-looking knowledge. For a dialogue in appreciate of dangers and alternative elements that would affect forward-looking occasions, please the following the standards mentioned within the Corporate’s Annual Data Method dated March 28, 2024 underneath the heading ‘Chance Elements’. Those elements aren’t, and must no longer be, construed as being exhaustive.
Accordingly, readers must no longer park undue reliance on forward-looking statements. The forward-looking knowledge contained on this press let go is expressly certified via this cautionary commentary. Any forward-looking knowledge and the guesses made with appreciate thereto speaks most effective as of the time of this press let go. Denison does no longer adopt any legal responsibility to publicly replace or revise any forward-looking knowledge nearest the time of this press let go to adapt such knowledge to original effects or to adjustments in Denison’s expectancies except for as another way required via appropriate regulation.
SOURCE Denison Mines Corp.
