TORONTO, March 15, 2021 /PRNewswire/ - Denison Mines Corp.
("Denison" or the "Company") (DML: TSX) (DNN: NYSE American) is
pleased to announce that its common shares will be added to the
S&P/TSX Composite Index – the headline index for the Canadian
equity market – prior to the open of trading on Monday March 22, 2021. View PDF version
David Cates, President and CEO of
Denison, commented, "Inclusion in the S&P/TSX Composite
Index is a notable achievement and comes at a time when investor
interest in nuclear energy and the global energy transition has
increased significantly.
Our Company is well positioned to support the clean-energy
transition through the future development of our flagship Wheeler
River uranium project in the Athabasca Basin region of northern
Saskatchewan. Wheeler River's Phoenix deposit has the potential to compete
with the lowest cost uranium mines and development projects, while
being designed as one of the most environmentally sustainable
mining operations in the world – owing largely to our planned
application of the In-Situ Recovery mining method and the expected
absence of conventional tailings generation.
On behalf of the Company's Board of Directors and
employees, we are honoured to be included in Canada's benchmark equity index and welcome
the opportunity to increase our Company's exposure to the
investment community as a further means to provide value to our
shareholders."
About the S&P/TSX Composite Index
The S&P/TSX Composite Index is maintained by S&P Dow
Jones Indices, a division of S&P Global. It is the most
widely quoted benchmark for the Canadian equity market and is
designed to be representative of the sector composition of the
broad Canadian equity market, while including a limited number of
large and liquid constituents. The S&P/TSX Composite
Index is the broadest in the S&P/TSX index family and is the
basis for multiple sub-indices – including the S&P/TSX Global
Mining Index.
About Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. The Company's flagship project is the 90% owned
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. Denison's interests
in Saskatchewan also include a
22.5% ownership interest in the McClean Lake joint venture
("MLJV"), 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 and Midwest A deposits, and a 66.90%
interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and
Huskie deposits on the Waterbury Lake property. Each of Midwest,
Midwest A, THT and Huskie are located within 20 kilometres of the
McClean Lake mill.
Denison is engaged in mine decommissioning and environmental
services through its Closed Mines group (formerly Denison
Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides
post-closure mine care and maintenance services to a variety of
industry and government clients.
Denison is also the manager of Uranium Participation
Corporation, a publicly traded company listed on the TSX under the
symbol 'U', which invests in uranium oxide in concentrates and
uranium hexafluoride.
Follow Denison on Twitter
@DenisonMinesCo
Cautionary Statement Regarding Forward-Looking
Statements
Certain information contained in this news 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 news release contains forward-looking
information pertaining to: the addition of Denison's shares to the
S&P/TSX Composite Index, and the potential for increased
exposure to the investment community; expectations regarding
investor interest in nuclear energy and a global energy transition;
expectations regarding the Company's plans for its Wheeler River
project, including potential for environmental sustainability, and
Denison's expectations regarding its joint venture ownership
interests and 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.
For example, Denison could cease to meet the requirements for
inclusion in the S&P/TSX Composite Index. Denison may
also be unable to pursue its exploration, evaluation and
environmental assessment activities, or meet the objectives of
those activities, which could have significant impacts on Denison.
Denison believes that the expectations reflected in this
forward-looking information are reasonable and 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 13, 2020
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 news 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 news release. Denison does not undertake any obligation to
publicly update or revise any forward-looking information after the
date of this news 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.