TORONTO, April 18,
2023 /CNW/ - Denison Mines Corp. ('Denison' or the
'Company') (TSX: DML) (NYSE American: DNN) is pleased to announce
that it has published its 2022 ESG Report. Annually, Denison
provides a report on its environmental, social and governance
("ESG") initiatives for its operations, demonstrating the Company's
ongoing commitment to sustainability and transparency. View PDF
David Cates, President and CEO of
Denison commented, "Denison has positioned itself to be an
important contributor to the global clean energy transition, with
our portfolio of uranium mining, development and exploration
projects clearly linked to growing appreciation of the critically
important role that nuclear energy must play in the battle against
As just one example of our efforts in 2022, we achieved a
notable milestone in the permitting process for the planned
Phoenix in-situ recovery mining
project on the Wheeler River property with the submission of a
draft Environmental Impact Statement ('EIS'), which follows from
several years of baseline environmental data collection, technical
assessments, and extensive engagement and consultation with
Indigenous and non-Indigenous interested parties. The draft EIS
demonstrates that the project can be constructed, operated, and
decommissioned in a manner that has fewer residual effects
remaining after mitigation than conventional open pit or
underground mining and milling operations – potentially achieving a
superior standard of environmental sustainability and re-shaping
the future of uranium mining in Saskatchewan.
Our 2022 ESG Report demonstrates that the principles of
good ESG practices are present throughout our organization,
providing a solid foundation for our future growth and contribution
to a clean energy future."
Denison's 2022 ESG Report focuses on key ESG topics including
the Company's objective to maintain excellence in corporate
governance practices, "best in class" engagement with communities
potentially impacted by its activities, diversity in the Company's
workforce, and robust assessments of the environment and
biodiversity in the regions within which it operates.
A copy of Denison's 2022 ESG Report is available on its website:
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. The Company has an effective 95% interest in its
flagship Wheeler River Uranium Project, which is the largest
undeveloped uranium project in the infrastructure rich eastern
portion of the Athabasca Basin
region of northern Saskatchewan. A
Pre-Feasibility Study was completed for Wheeler River in late 2018,
considering the potential economic merit of developing Phoenix as an in-situ recovery ('ISR')
operation and the Gryphon deposit as a conventional underground
mining operation. Denison's interests in Saskatchewan also include a 22.5% ownership
interest in the McClean Lake Joint Venture, which includes several
uranium deposits and the McClean Lake uranium mill, which is
contracted to process the ore from the Cigar Lake mine under a toll
milling agreement, plus a 25.17% interest in the Midwest Main and
Midwest A deposits and a 67.41% interest in the Tthe Heldeth Túé
('THT', formerly J Zone) and Huskie deposits on the Waterbury Lake
property. The Midwest Main, Midwest A, THT and Huskie deposits are
located within 20 kilometres of the McClean Lake mill.
Through its 50% ownership of JCU, Denison holds additional
interests in various uranium project joint ventures in Canada, including the Millennium project (JCU,
30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).
Denison's exploration portfolio includes further interests in
properties covering ~300,000 hectares in the Athabasca Basin region.
Denison is also engaged in post-closure mine care and
maintenance services through its Closed Mines group, which manages
Denison's reclaimed mine sites in the Elliot Lake region and provides related
services to certain third-party projects.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
Certain information contained in this press release constitutes
'forward-looking information', within the meaning of the applicable
United States and Canadian
legislation concerning the business, operations and financial
performance and condition of Denison.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as 'plans', 'expects',
'budget', 'scheduled', 'estimates', 'forecasts', 'intends',
'anticipates', or 'believes', or the negatives and/or variations of
such words and phrases, or state that certain actions, events or
results 'may', 'could', 'would', 'might' or 'will be taken',
'occur', 'be achieved' or 'has the potential to'.
In particular, this press release contains forward-looking
information pertaining to: projections with respect to exploration,
development and expansion plans and objectives, including the scope
of the proposed ISR operation for the Phoenix deposit; expectations regarding the
role of uranium and nuclear energy; expectations regarding
Denison's joint venture ownership interests; and expectations
regarding the continuity of its agreements with third parties.
Forward looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Denison to be materially different
from those expressed or implied by such forward-looking statements.
Denison believes that the expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be accurate and results
may differ materially from those anticipated in this
forward-looking information. For a discussion in respect of risks
and other factors that could influence forward-looking events,
please refer to the factors discussed in the Company's Annual
Information Form dated March 27, 2023
under the heading 'Risk Factors'. These factors are not, and should
not be, construed as being exhaustive.
Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking information
contained in this press release is expressly qualified by this
cautionary statement. Any forward-looking information and the
assumptions made with respect thereto speaks only as of the date of
this press release. Denison does not undertake any obligation to
publicly update or revise any forward-looking information after the
date of this press release to conform such information to actual
results or to changes in Denison's expectations except as otherwise
required by applicable legislation.
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SOURCE Denison Mines Corp.