TORONTO, June 25, 2018 /CNW/ - Denison Mines Corp.
("Denison" or the "Company") (TSX: DML) (NYSE MKT: DNN) (NYSE
American: DNN) is pleased to announce that David Cates, President & CEO of Denison, has
been appointed to the Board of Directors and the Executive
Committee of the Canadian Nuclear Association ("CNA") at the CNA's
58th Annual General Meeting, held in Saskatoon on June
5, 2018.
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Dr. John Barrett, President &
CEO of the CNA commented "Denison has a long history of
supporting the CNA and we are pleased to have David join the Board
and the Executive Committee. Denison is already an
excellent steward for the nuclear energy industry through its
investor outreach activities and David is expected to bring a
unique perspective to the CNA leadership team based on his
involvement in Canada's ambitious
uranium exploration and development sector."
Serving as a "member-at-large" on the Executive Committee, Mr.
Cates will join CNA leadership representatives from industry
leading firms such as Ontario Power Generation, Cameco Corp., Bruce
Power, SNC-Lavalin, and Hatch Ltd. In addition, Mr. Cates will
serve on the Board of Directors as a representative of the CNA's
"Class 4" group of companies, which includes firms involved in
manufacturing and uranium exploration activities.
David Cates, President & CEO
of Denison commented "I'm honoured to join the CNA Board and
Executive Committee on behalf of Denison
Mines. The CNA plays a vital role in representing and
promoting the nuclear energy industry in Canada. Denison
believes in the importance of nuclear energy as a source of
emission free, low-cost, reliable base-load energy, and that
Canada's nuclear energy industry
is uniquely bolstered by the fact that the Athabasca Basin region, in northern
Saskatchewan, is the most
attractive jurisdiction for uranium mining investment
globally."
The Canadian Nuclear Association
The CNA is a non-profit organization established in 1960 to
represent the nuclear industry in Canada and promote the development and growth
of nuclear technologies for peaceful purposes. The CNA's
objectives include, creating and fostering a political environment
and reasonable regulatory framework for advancing the nuclear
industry in Canada; encouraging
cooperation among various industries and agencies with a common
interest in the development of nuclear power; providing a forum for
the discussion and resolution of issues of concern to members,
industry or the Canadian public; and to encourage cooperation with
other associations with similar objectives and
purposes.
For more information about nuclear energy in Canada, or the CNA and its members or
initiatives, please visit the CNA's website at cna.ca or contact
Erin Polka, Manager of
Communications & Media Relations for the CNA, by email at
polkae@cna.ca, or by phone at +1-613-237-4262.
About Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. In addition to its 63.3% owned Wheeler River
project, which ranks as the largest undeveloped high-grade uranium
project in the infrastructure rich eastern portion of the
Athabasca Basin region, Denison's
Athabasca Basin exploration
portfolio consists of numerous projects covering approximately
353,000 hectares. Denison's interests in Athabasca Basin 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 currently processing 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 65.45% interest in the J Zone deposit and
Huskie discovery on the Waterbury Lake property. Each of Midwest,
Midwest A, J Zone and Huskie are located within 20 kilometres of
the McClean Lake mill.
Denison is also engaged in mine decommissioning and
environmental services through its Denison Environmental Services
division and is the manager of Uranium Participation Corp., a
publicly traded company which invests in uranium oxide and uranium
hexafluoride.
Cautionary Statement Regarding Forward-Looking
Statements
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and similar 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: Mr. Cates' role on the CNA Board and Executive
Committee and expectations with respect to the membership thereof;
and Denison's percentage interest in its properties and its plans
and agreements with its joint venture partners, as
applicable.
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, performance or
achievements of Denison to be materially different from those
expressed or implied by 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 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 27, 2018 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.