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TORONTO, July 11, 2024 /PRNewswire/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is honoured to announce the signing of a Mutual Advantages Oath (“MBA”) with Kineepik Métis Native #9 (“KML”), and a Crowd Get advantages Oath (“CBA”) with the Northern Village of Pinehouse Puddle (the “Village”), in assistance of the improvement and operation of Denison’s 95%-owned Wheeler River Challenge in northern Saskatchewan (the “Project”). View PDF version
KML represents the Métis individuals who reside and apply conventional actions within the neighborhood of the Wheeler River Challenge and the Métis citizens of the Village, which is located roughly 270 km south from the Challenge alongside provincial freeway 914 and represents the nearest municipality to the Challenge.
Government Director of KML, Billie Jo Natomagan, remarked that “On behalf of KML, I am honored to announce the signing of our MBA with Denison Mines. This represents a significant step forward in our ongoing efforts to secure sustainable economic development while protecting and promoting our culture, language, traditions, and rights. Through this agreement we will continue to engage with Denison Mines to watch and assessment the results of this partnership, making sure that our objectives of monetary expansion, environmental stewardship, and social well-being are met.
We admire the loyalty proven via Denison Mines in spotting and valuing our distinctive dating with the land and assets within the Challenge department. This oath indicates hope and alternative for our people and for life generations.
I want to lengthen due to everybody concerned within the negotiation procedure, together with our negotiation workforce, our elders, land customers, and advisors. Your willpower and brittle paintings were instrumental achieve this milestone.“
Mayor of the Village of Pinehouse, Mike Natomagan, said, “We’re excited to percentage that we’ve got been ready to succeed in an oath with Denison in regards to the development of the Wheeler River undertaking. This can be a vital milestone for our people. Leaning at the enjoy and classes discovered from our earlier oath we had been ready to barter a really significant oath.
This oath is not only a record, however a testomony to the power and resilience of our people, and our loyalty to sustainable people building. This partnership will convey extra alternatives for occupation, coaching and people building that may get advantages our nation and our life. This can be a vital age for our people and offers us hope for a brighter life. Thanks to our elders, people, and negotiations workforce for supporting us via this procedure. Tiniki.“
David Cates, President & CEO of Denison, commented, “The signing of those oaths represents any other vital and remarkable milestone for Denison and the Wheeler River undertaking. Following the signing of a Memorandum of Figuring out among Denison, KML, and the Village in 2017, the place every birthday celebration expressed a mutual hobby in supporting the development of the Challenge, our workforce has targeted its intensive engagement efforts against construction a long-lasting and unique dating of believe and mutual appreciate.
KML and the Village have welcomed Denison team of workers into Pinehouse on more than one important events over the closing a number of years and we’ve got received a novel first-hand look up to for the Métis and non-Métis views and values of the people. As such, it’s in particular rewarding for us to have earned the assistance and consent for the development of the Challenge from each KML and the Village. Thanks to all from KML and the Village that experience contributed to the expansion of our dating and in the long run the of completion of those oaths.”
The MBA recognizes that the Challenge is positioned inside KML’s Land and Occupancy Branch and offers Denison with KML’s consent and assistance to exit the Challenge. Moreover, the MBA outlines a shared popularity that the a hit development of the Challenge can assistance KML to exit their aspirations for the a hit social and monetary expansion of KML, future additionally mitigating the chance of affects at the native order and KML individuals.
Among alternative key constancy, the MBA supplies KML and its Métis individuals an remarkable function in environmental tracking and commits to the sharing of advantages from the a hit operation of the undertaking – together with advantages from people funding, industry alternatives, occupation and coaching alternatives, and monetary reimbursement. General, the MBA describes a collectively held eye for the life that displays a mutual loyalty to uphold an revealed, respectful, and cooperative dating between Denison and KML. Importantly, the MBA defines the traits of the sure legacy that can be related to the sustainable building of the Challenge.
The CBA recognizes that the Village is the nearest residential people to the Challenge via highway, which is dependent upon a lot of the similar regional infrastructure that Denison will depend because it advances the Challenge. Pursuant to the phrases of the CBA, the Village has equipped Denison with their consent and assistance for the Challenge. Denison’s constancy within the CBA are supposed to assistance the Village manufacture its personal capability to make the most of financial and alternative building alternatives in reference to the development and operation of the Challenge. The constancy within the CBA struggle to form a long lasting sure legacy that continues past the lifespan of the Challenge.
About KML & the Village
KML peoples are regarded as Jungle Cree, Jungle Dene, and Jungle Métis, even though historic paperwork point out that individuals of KML got here from a various area of Métis, First International locations, and alternative backgrounds.
The Village is positioned throughout the land and occupancy department of the Indigenous nation of KML. The lands climate Missinippi (Churchill River) watershed were worn for amassing meals, refuge, and subject matter provides since hour immemorial.
KML and the Village citizens automatically experience vital occupation and industry alternatives for initiatives that happen in KML range, as a result of their blended and collaborative efforts. Splendid pleasure is taken within the paintings ethic of KML and the Village, and thru blended efforts with people owned companies, contemporary earnings were worn to assemble larger power environment friendly housing, formative years infrastructure such as a neighborhood hockey area, and a 12-unit Elders housing facility.
About Wheeler River
Wheeler River is the biggest undeveloped uranium undertaking within the infrastructure-rich jap portion of the Athabasca Basin pocket, in northern Saskatchewan. The undertaking is host to the high-grade Phoenix and Gryphon uranium deposits, found out via 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 record summarizing the result of (i) the feasibility find out about finished for In-Situ Fix (“ISR“) mining of the high-grade Phoenix uranium locker and (ii) a price replace to the 2018 Pre-Feasibility Find out about for standard underground mining of the basement-hosted Gryphon uranium locker. In accordance with the respective research, each deposits have the possible to be aggressive with the bottom price uranium mining operations on this planet. Allowing efforts for the deliberate Phoenix ISR operation commenced in 2019 and feature complex considerably, with licensing in exit and a draft Environmental Have an effect on Remark submitted for regulatory and society evaluation in October 2022. Additional information is to be had within the technical record titled “NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada“ dated August 8, 2023 with an efficient year of June 23, 2023, a album of which is to be had on Denison’s web site and below its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.shtml
About Denison
Denison is a uranium mining, exploration and building corporate with pursuits targeted within the Athabasca Basin pocket of northern Saskatchewan, Canada. Along with Denison’s efficient 95% hobby in its flagship Wheeler River Uranium Challenge, Denison’s pursuits in Saskatchewan additionally come with a 22.5% possession hobby within the McClean Puddle Joint Project (“MLJV”), which contains 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 approved capability to procedure the ore from the Cigar Puddle mine below a toll milling oath), plus a 25.17% hobby within the MWJV’s Midwest Major and Midwest A deposits, and a 69.35% hobby within the Tthe Heldeth Túé (“THT”) and Huskie deposits at the Waterbury Puddle Component. The Midwest Major, Midwest A, THT and Huskie deposits are positioned inside 20 kilometres of the McClean Puddle mill. Taken in combination, Denison has direct possession pursuits in homes overlaying ~384,000 hectares within the Athabasca Basin pocket.
Moreover, via its 50% possession of JCU, Denison holds extra pursuits in diverse uranium undertaking joint ventures in Canada, together with the Millennium undertaking (JCU, 30.099%), the Kiggavik undertaking (JCU, 33.8118%), and Christie Puddle (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 Puddle pocket of northern Ontario.
Cautionary Remark Relating to Ahead-Having a look Statements
Sure data contained on this information reduce constitutes ‘forward-looking data’, throughout the which means of the appropriate United States and Canadian regulation, in regards to the industry, operations and monetary efficiency and status of Denison. Normally, those forward-looking statements will also be known via the importance of forward-looking terminology corresponding to ‘possible’, ‘plans’, ‘expects’, ‘price range’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’, or the negatives and/or permutations of such phrases and words, or environment that sure movements, occasions or effects ‘might’, ‘may just’, ‘would’, ‘would possibly’ or ‘will‘ ‘be taken’, ‘happen’ or ‘be completed’.
Specifically, this information reduce incorporates forward-looking data bearing on Denison’s wave intentions and goals with appreciate to, and constancy poised forth in, the MBA and CBA; the result of, and estimates, guesses and projections equipped in, the technical record for Wheeler River and the interpretations and expectancies with appreciate thereto; building and growth plans and goals for the Challenge; and expectancies referring to its three way partnership possession pursuits and the endurance of its oaths with its companions and 3rd events.
Ahead browsing statements are according to the reviews and estimates of control as of the year such statements are made, and they’re matter to identified and unknown dangers, uncertainties and alternative components that can reason the latest effects, stage of task, efficiency or achievements of Denison to be materially other from the ones expressed or implied via such forward-looking statements. As an example, the modelling and guesses upon which the plans for Midwest are based totally is probably not maintained nearest additional paintings is done. As well as, Denison might come to a decision or differently be required to discontinue checking out, analysis and alternative paintings whether it is not able to uphold or differently retain the vital assets (corresponding to checking out amenities, capital investment, three way partnership approvals, regulatory approvals, and so forth.). Denison believes that the expectancies mirrored on this forward-looking data are cheap however disagree word will 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 data. For a dialogue in appreciate of dangers and alternative components that might affect forward-looking occasions, please the following the standards mentioned in Denison’s Annual Knowledge Mode dated March 28, 2024 or next quarterly monetary experiences below the heading ‘Chance Components’. Those components aren’t, and will have to now not be construed as being, exhaustive.
Accordingly, readers will have to now not playground undue reliance on forward-looking statements. The forward-looking data contained on this information reduce is expressly certified via this cautionary remark. Any forward-looking data and the guesses made with appreciate thereto speaks most effective as of the year of this information reduce. Denison does now not adopt any legal responsibility to publicly replace or revise any forward-looking data nearest the year of this information reduce to evolve such data to latest effects or to adjustments in Denison’s expectancies apart from as differently required via appropriate regulation
SOURCE Denison Mines Corp.
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