TORONTO, March 28,
2025 /CNW/ - Denison Mines
Corp. ("Denison" or the "Company") (TSX:
DML) (NYSE American: DNN) is pleased to announce that it has filed
its 2024 Annual Report on Form 40-F with the U.S. Securities and
Exchange Commission ("SEC"). Denison's Form 40-F includes its
annual information form, management discussion and analysis, and
audited financial statements for the year ended December 31, 2024. The Form 40-F will be
available on Denison's website at www.denisonmines.com and on
the SEC's website at www.sec.gov/edgar. View PDF version
Denison's annual information form has also been filed with
Canadian regulatory authorities and will be available on Denison's
website at www.denisonmines.com and under the Company's profile on
SEDAR+ at www.sedarplus.ca.
Holders of Denison's securities may receive a free printed copy
of the Company's most recent Annual Report on Form 40-F, including
the audited financial statements, by sending an email request to
info@denisonmines.com or by writing to Denison Mines Corp., 1100 -
40 University Avenue, Toronto, Ontario,
Canada M5J 1T1.
About Denison
Denison is a leading uranium mining, development, and
exploration company with interests focused in the Athabasca Basin region of northern
Saskatchewan, Canada. Denison 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. In mid-2023, the
Phoenix feasibility study was
completed for the Phoenix deposit
as an ISR mining operation, and an update to the previously
prepared 2018 Pre-Feasibility Study ('PFS') was completed for
Wheeler River's Gryphon deposit as a conventional underground
mining operation. Based on the respective studies, both deposits
have the potential to be competitive with the lowest cost uranium
mining operations in the world. Permitting efforts for the planned
Phoenix ISR operation commenced in 2019 and several notable
milestones were achieved in 2024 with the submission of federal
licensing documents and the acceptance of the final form of the
project's Environmental Impact Statement by the Province of
Saskatchewan and the Canadian
Nuclear Safety Commission.
Denison's interests in Saskatchewan also include a 22.5% ownership
interest in the McClean Lake Joint Venture ('MLJV'), which includes
unmined uranium deposits (planned for extraction via the MLJV's
SABRE mining method starting in 2025) and the McClean Lake uranium
mill (currently utilizing a portion of its licensed capacity to
process the ore from the Cigar Lake mine under a toll milling
agreement), plus a 25.17% interest in the Midwest Joint Venture
Midwest Main and Midwest A deposits, and a 70.55% interest in the
Tthe Heldeth Túé ('THT') 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. Taken
together, Denison has direct ownership interests in properties
covering ~384,000 hectares in the Athabasca Basin region.
Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited ('JCU'),
Denison holds 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%).
In 2024, Denison celebrated its 70th year in uranium mining,
exploration, and development, which began in 1954 with Denison's
first acquisition of mining claims in the Elliot Lake region of northern Ontario.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
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
the following: Denison's development plans for Wheeler River and
the proposed ISR operation for the Phoenix deposit; expectations regarding
Denison's joint venture ownership interests; and expectations
regarding the objectives and 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.
For example, the results of the Hearing may not be as anticipated.
In addition, Denison may decide or otherwise be required to
discontinue development work if it is unable to maintain or
otherwise secure the necessary approvals or resources (such as
testing facilities, capital funding, etc.). 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 for the
year ended December 31, 2024 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.
