TORONTO, Nov. 25, 2024 /PRNewswire/ – Denison Mines Corp. (“Denison” or the “Company“) (TSX: DML) (NYSE American: DNN) is happy to announce that it has filed a last Environmental Affect Commentary (“EIS“) for the Wheeler River Uranium Venture (“Wheeler River” or the “Project“) with the Canadian Nuclear Protection Fee (“CNSC“), next effectively finishing the rigorous technical assessment section of the federal Environmental Evaluation (“EA“) goodwill procedure. The overall EIS displays a few years of substantial struggle following the starting of the EA procedure in 2019 and proactively contains comments won from more than one events, together with Indigenous countries and the CNSC’s Federal Indigenous Evaluate Workforce. View PDF Version

David Cates, President and CEO of Denison, commented, “The completion of the federal technical review and submission of the final EIS represents a notable milestone for Denison in our efforts to obtain regulatory approval for Wheeler River. Owing, in large part, to the use of the In-Situ Recovery (“ISR”) mining method, the EIS evidences that the Project can be constructed, operated, and decommissioned while achieving a superior standard of environmental sustainability when compared to conventional uranium mining operations. I applaud our environment, regulatory, sustainability and technical teams for their passion in advancing this unique project and coordinating their efforts to expertly navigate the federal technical review process. This accomplishment has brought us an important step closer to building Canada’s next new uranium mine and first ISR uranium mining project.”

Society Evaluate & Indigenous Consent

The population assessment of the draft EIS, facilitated by means of the CNSC from November 2022 to March 2023, has enhanced the transparency and comprehensiveness of the EA procedure. Denison won and answered to greater than 500 population feedback at the draft EIS, which has led to a last model of the EIS that displays the comments of various Indigenous communities and organizations. This population assessment procedure used to be only one part of Denison’s lively engagement with Indigenous and non-Indigenous events, which Denison will proceed to adopt right through the after section of the goodwill processes. 

The finalization of the EIS used to be additionally supported by means of letters of consent and backup from each and every of (a) English River First Public, (b) Kineepik Métis Native #9, and (c) the municipalities of the Northern Village of Pinehouse Pool, the Northern Village of Beauval, the Northern Village of Île-à-la Crosse, the Northern Hamlet of Jans Bay, and the Northern Hamlet of Cole Bay, representing vital First Public and Métis Rights pursuits on the subject of the Venture and within the broader patch wherein the Venture is situated. Acquiring this stage of backup and consent demonstrates our deep recognize for Indigenous rights and northerly communities, in addition to the thriving cultures and deep-rooted traditions of northern Saskatchewan communities and their aspirations of attaining monetary expansion and prosperity. 

Extra Regulatory Procedure

The CNSC makes selections at the licensing of proposed uranium mining tasks via a population listening to procedure. The CNSC team of workers will now assessment Denison’s ultimate EIS submission for acceptance and can get ready their suggestions to the Fee participants who will sit down at the panel for the Venture’s population listening to. The listening to supplies Denison with the chance to exhibit the Venture’s alignment with regulatory necessities and public expectancies. A hour for the listening to has now not but been eager by means of the CNSC; alternatively, it’s anticipated to be motivated following the acceptance of the general EIS submission.

In parallel with the EIS technical assessment, Denison used to be just lately notified that it has effectively finished the necessities of the CNSC utility to procure a licence to arrange and produce a uranium mine and mill, which permits for the CNSC to assemble a licensing determination similtaneously with the EA goodwill procedure.

Provincial EA Procedure

In October 2024, Denison submitted a last EIS to the Saskatchewan Ministry of Condition (“MOE”), in considerably the similar method because the EIS that has been submitted to the CNSC. Even though the technical assessment remark length used to be deemed whole by means of the MOE in overdue 2023, Denison extend finalization of the provincial EA goodwill to bring to include the numerous majority of changes attributable to the Federal technical assessment procedure. With this way, we think that the Provincial EA can be topic to a unmarried Ministerial determination following a population assessment length, which commenced in November 2024 and is anticipated to conclude in December 2024.

About Wheeler River

Wheeler River is the biggest undeveloped uranium undertaking within the infrastructure-rich japanese portion of the Athabasca Basin patch, in northern Saskatchewan. The undertaking is host to the high-grade Phoenix and Gryphon uranium deposits, came upon by means of Denison in 2008 and 2014, respectively, and is a three way partnership between Denison (90% and operator) and JCU (Canada) Exploration Corporate Restricted (“JCU“, 10%). In August 2023, Denison filed a technical document summarizing the result of (i) the feasibility find out about finished for ISR mining of the high-grade Phoenix uranium bank and (ii) a value replace to the 2018 Pre-Feasibility Find out about for typical underground mining of the basement-hosted Gryphon uranium bank. Extra knowledge at the research is to be had within the technical document titled “NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada“ dated August 8, 2023 with an efficient hour of June 23, 2023, a novel of which is to be had on Denison‘s web page and underneath its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.shtml.

According to the respective research, each deposits have the prospective to be aggressive with the bottom value uranium mining operations on the planet. Allowing efforts for the deliberate Phoenix ISR operation commenced in 2019 and feature complicated considerably to backup the 2024 submission of required licensing paperwork and the proposed ultimate model of the provincial and federal EIS. 

About Denison

Denison is a uranium mining, exploration and building corporate with pursuits centered within the Athabasca Basin patch of northern Saskatchewan, Canada. Along with Denison’s efficient 95% pastime in its flagship Wheeler River Venture, Denison’s pursuits in Saskatchewan additionally come with a 22.5% possession pastime within the McClean Pool Joint Mission (“MLJV”), which incorporates unmined uranium deposits (deliberate for extraction by way of the MLJV’s SABRE mining mode origination in 2025) and the McClean Pool uranium mill (these days using a portion of its approved capability to procedure the ore from the Cigar Pool mine underneath a toll milling word), plus a 25.17% pastime within the Midwest Joint Mission’s Midwest Primary and Midwest A deposits, and a 69.44% pastime within the Tthe Heldeth Túé (“THT”) and Huskie deposits at the Waterbury Pool Feature. The Midwest Primary, Midwest A, THT and Huskie deposits are situated inside of 20 kilometres of the McClean Pool mill. Taken in combination, Denison has direct possession pursuits in homes masking ~384,000 hectares within the Athabasca Basin patch.

Moreover, via its 50% possession of JCU (Canada) Exploration Corporate, Restricted (“JCU”), Denison holds backup pursuits in numerous uranium undertaking joint ventures in Canada, together with the Millennium undertaking (JCU, 30.099%), the Kiggavik undertaking (JCU, 33.8118%), and Christie Pool (JCU, 34.4508%).

In 2024, Denison is celebrating its seventieth future in uranium mining, exploration, and building, which started in 1954 with Denison’s first acquisition of mining claims within the Elliot Pool patch of northern Ontario.

Cautionary Commentary Relating to Ahead-Having a look Statements

Positive knowledge contained on this press leave constitutes ‘forward-looking knowledge’ throughout the which means of the appropriate United States and Canadian law, in regards to the trade, operations and monetary efficiency and situation of Denison. Usually, those forward-looking statements may also be known by means of the usefulness of forward-looking terminology comparable to ‘possible’, ‘plans’, ‘expects’, ‘funds’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’, or the negatives and/or permutations of such phrases and words, or atmosphere that positive movements, occasions or effects ‘might’, ‘may’, ‘would’, ‘may’ or ‘will‘ ‘be taken’, ‘happen’ or ‘be completed’.

Specifically, this press leave accommodates forward-looking knowledge bearing on refer to: expectancies with recognize to the EA procedure, together with the submitting of the general EIS and the consequences and targets thereof; expectancies referring to licensing efforts and regulatory opinions and processes, together with hearings with the CNSC Fee; and expectancies referring to its three way partnership possession pursuits, together with plans for mining and the usefulness of SABRE by means of the MLVJ, and the perpetuity of its promises with its companions and 3rd events.

Ahead searching statements are according to the reviews and estimates of control as of the hour such statements are made, and they’re topic to identified and unknown dangers, uncertainties and alternative components that can motive the unedited effects, stage of task, efficiency or achievements of Denison to be materially other from the ones expressed or implied by means of such forward-looking statements. Denison believes that the expectancies mirrored on this forward-looking knowledge are affordable however disagree pledge may also be for the reason that those expectancies will turn out to be correct and effects might fluctuate materially from the ones expected on this forward-looking knowledge. For a dialogue in recognize of dangers and alternative components that would affect forward-looking occasions, please the following the standards mentioned in Denison’s Annual Data Method dated March 28, 2024 underneath the heading ‘Possibility Components’ or in next quarterly monetary stories. Those components don’t seem to be, and must now not be construed as being, exhaustive.

Accordingly, readers must now not playground undue reliance on forward-looking statements. The forward-looking knowledge contained on this press leave is expressly certified by means of this cautionary observation. Any forward-looking knowledge and the suppositions made with recognize thereto speaks most effective as of the hour of this press leave. Denison does now not adopt any legal responsibility to publicly replace or revise any forward-looking knowledge next the hour of this press leave to evolve such knowledge to unedited effects or to adjustments in Denison’s expectancies excluding as another way required by means of appropriate law.

SOURCE Denison Mines Corp.

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