EX-99.1
2
dml20240328-pressreleasef.htm
PRESS RELEASE DATED MARCH 28, 2024
dml20240328-pressreleasef
Exhibit
99.1
Denison Mines
Corp.
1100 – 40
University Ave
Toronto, ON M5J
1T1
www.denisonmines.com
@DenisonMinesCo
PRESS
RELEASE
Denison
Announces Filing of Annual Report on Form 40-F
Toronto, ON – March 28, 2024
Denison Mines Corp. (‘Denison’ or the
‘Company’) (TSX: DML; NYSE American: DNN) is pleased to
announce that it has filed its 2023 Annual Report on Form 40-F with
the U.S. Securities and Exchange Commission (‘SEC’).
Denison’s Form 40-F includes its management discussion and
analysis and audited financial statements for the year ended
December 31, 2023. 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.shtml.
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 Form 40-F and Annual Report, 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 uranium exploration and development 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, a Feasibility Study was completed for Wheeler
River’s Phoenix deposit as an ISR mining operation, and an
update to the previously prepared 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 have advanced significantly,
with licensing in progress and a draft Environmental Impact
Statement (‘EIS’) submitted for regulator and public
review October 2022.
Denison also has a large exploration portfolio and interests in
various mining and development projects, including a 22.5%
ownership interest in the McClean Lake Joint Venture, which
comprises several uranium deposits and the McClean Lake uranium
mill that 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 69.35% 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, the Company has direct ownership
interests in properties covering ~385,000 hectares in the Athabasca
Basin region.
Additionally, through its 50% ownership of JCU (Canada) Exploration
Company, Ltd. (‘JCU’), Denison holds further 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%).
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 results of the
Phoenix feasibility study and the Gryphon PFS update; expectations
regarding regulatory applications and approvals and the elements
thereof, including the EIS; 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 Denison’s Annual Information Form 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.