EX-99.1
2
dmc-pr20251104pbcnjudicia.htm
PRESS RELEASE DATED NOVEMBER 4, 2025
dmc-pr20251104pbcnjudicia
Exhibit 99.1
Denison Mines
Corp.
1100 – 40
University Ave
Toronto, ON M5J
1T1
www.denisonmines.com
PRESS
RELEASE
Denison
Acknowledges Application for Judicial Review
Regarding
Provincial Environmental Assessment
Approval
for Wheeler River
Toronto, ON – November 4,
2025. Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML; NYSE American: DNN)
acknowledges an application for judicial review (the
“Application”) filed in the Court of King’s Bench
for Saskatchewan by the Peter Ballantyne Cree Nation
(“PBCN”) against the Government of Saskatchewan and the
Company.
Pursuant to the Application, PBCN seeks an order
setting aside the Provincial Ministerial approval under
The Environmental
Assessment Act (Saskatchewan)
allowing Denison to proceed with the construction of a new uranium
mine and processing plant at the Wheeler River Project (the
“Project”) and remitting the decision back to the
Saskatchewan Minister of the Environment for reconsideration. The
Application asserts that the Government of Saskatchewan breached
its duty to consult with PBCN and is required to further consult
with PBCN regarding the Project.
Denison
has undertaken and continues to undertake extensive and impactful
Indigenous engagement and consultation efforts with respect to the
Project. Denison further believes the Government of Saskatchewan
undertook a thorough and meaningful consultation process in advance
of the Project’s Ministerial approval.
PBCN
was provided with an opportunity to review the draft Environmental
Impact Statement for the Project starting in November 2022, and
Denison has directly engaged with PBCN since March 2023, when
Denison first became aware of PBCN’s interest in the Project.
Denison was not made aware of PBCN’s intention to seek a
judicial review and recently executed an environmental monitoring
and capacity agreement with PBCN to support their independent
environmental monitoring activities.
Denison
is committed to reconciliation and works hard to listen to the
perspectives of various interested parties, including PBCN, with
whom Denison intends to maintain open communication. We value
Indigenous knowledge and insight, and have sought to incorporate
Indigenous knowledge into our Project planning processes, to ensure
that our activities are designed to minimize impacts, wherever
possible.
With
respect to the Application, Denison denies the claims made, and
intends to refute several of the factual statements and vigorously
defend against the orders requested.
About Wheeler River
Wheeler River is the largest undeveloped uranium project in the
infrastructure-rich eastern portion of the Athabasca Basin region,
in northern Saskatchewan. The project is host to the high-grade
Phoenix and Gryphon uranium deposits, discovered by Denison in 2008
and 2014, respectively, and is a joint venture between Denison (90%
and operator) and JCU (Canada) Exploration Company Limited
(“JCU”, 10%). In August 2023, Denison filed a technical
report summarizing the results of (i) the feasibility study
completed for ISR mining of the high-grade Phoenix uranium deposit
and (ii) a cost update to the 2018 Pre-Feasibility Study for
conventional underground mining of the basement-hosted Gryphon
uranium deposit. More information on the studies is available in
the technical report titled “NI 43-101 Technical Report on
the Wheeler River Project Athabasca Basin, Saskatchewan,
Canada” dated August 8, 2023, with an effective date of June
23, 2023, a copy of which is available on Denison's website and
under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at
www.sec.gov/edgar.
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 are nearing completion with approval of the
project’s EA received from the Province of Saskatchewan and
CNSC hearing dates set in the fall of 2025 for Federal approval of
the EA and project construction license.
About Denison
Denison is a uranium mining, exploration and development company
with interests focused in the Athabasca Basin region of northern
Saskatchewan, Canada. In addition to Denison’s effective 95%
interest in its flagship Wheeler River Project, Denison’s
interests in Saskatchewan also include a 22.5% ownership interest
in the McClean Lake Joint Venture (“MLJV”), which
includes unmined uranium deposits (with mining at the McClean North
deposit via the MLJV's SABRE mining method having commenced 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’s 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 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%).
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.
For more information, please contact
David
Cates
(416) 979-1991 ext.
362
President and
Chief Executive Officer
Geoff
Smith
(416)
979-1991 ext. 358
Vice President
Corporate Development & Commercial
Follow Denison on
X (formerly Twitter) @DenisonMinesCo
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
‘potential’, ‘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’ or
‘be achieved’.
In particular, this press release contains forward-looking
information pertaining to the following: expectations regarding
regulatory reviews, processes and approvals, and the continuity of
its agreements with its partners and 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 dated
March 28, 2025 under the heading ‘Risk Factors’ or in
subsequent quarterly financial reports. 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.
