TORONTO, May 4, 2022
/CNW/ - Denison Mines Corp. ("Denison" or the "Company")
(TSX: DML) (NYSE American: DNN) is pleased to report that the
nominees listed in the management proxy circular dated March 23, 2022 (the "Circular") for the Annual
General Meeting of Shareholders held in Toronto today (the "Meeting ") were
elected as directors of the Company. View PDF
The Company is also pleased to report that all other items of
business presented to its shareholders at the Meeting, as more
particularly described in the Circular, were approved.
Detailed results of the vote by proxy for the election of
directors are set out below.
Nominee
|
Votes
For
|
% For
|
Votes
Withheld
|
%
Withheld
|
David D.
Cates
|
287,858,710
|
98.33
|
4,902,488
|
1.67
|
Brian D.
Edgar
|
285,402,715
|
97.49
|
7,358,483
|
2.51
|
Ron F.
Hochstein
|
214,886,081
|
73.40
|
77,875,117
|
26.60
|
Yun Chang
Jeong
|
289,706,277
|
98.96
|
3,054,921
|
1.04
|
David
Neuburger
|
290,406,734
|
99.20
|
2,354,464
|
0.80
|
Laurie
Sterritt
|
290,203,425
|
99.13
|
2,557,773
|
0.87
|
Jennifer
Traub
|
289,467,949
|
98.88
|
3,293,249
|
1.12
|
Patricia M.
Volker
|
290,167,763
|
99.11
|
2,593,435
|
0.89
|
The Board of Directors (the "Board"), on recommendation of the
Corporate Governance & Nominating Committee (after detailed
review), approved the individuals nominated to shareholders for
election to serve as directors of the Board and is confident of
their suitability to serve on the Board and its Committees.
The Company was advised that proxy advisory firm Institutional
Shareholder Services ("ISS") recommended a "withhold" vote against
Mr. Hochstein, which is believed to have impacted the voting
results at the Meeting. According to their reporting, ISS has
taken the position that Mr. Hochstein is not independent due to his
prior role as CEO of the Company 7 years ago. Mr. Hochstein
has served as President and CEO of Lundin Gold Inc. since 2014,
resigning as CEO of the Company in March 2015. It is the
position of the Board that Mr. Hochstein's prior executive
positions with Denison do not interfere with his ability to
exercise independent judgment as a member of Denison's Board and
that Mr. Hochstein is a highly valued member of the Board,
providing the Company with the benefit of his many years of
experience in governance and mining (including uranium exploration
and mining operations).
The Company has provided more details on the results of all
matters considered at the Meeting in its Report of Voting Results
which has been filed under its profile on SEDAR at www.sedar.com
and will be filed on EDGAR at www.sec.gov/edgar.
About Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. The Company 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.
Denison's interests in Saskatchewan also include a 22.5% ownership
interest in the McClean Lake joint venture, which includes 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 66.90% interest in the Tthe Heldeth Túé
("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake
property. Each of Midwest Main, Midwest A, THT and Huskie are
located within 20 kilometres of the McClean Lake
mill.
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
33.8123%) and Christie Lake (JCU
34.4508%). Denison's exploration portfolio includes further
interests in properties covering ~297,000 hectares in the
Athabasca Basin region.
Denison is also engaged in post-closure mine care and
maintenance services through its Closed Mines group (formerly
Denison Environmental Services), which manages Denison's reclaimed
mine sites in the Elliot Lake
region and provides related services to certain third-party
projects.
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 following: the composition of the
Denison Board; expectations regarding Denison's 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.
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 25, 2022 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.