TORONTO, May 7, 2021 /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,
2021 (the "Circular") for the Annual General Meeting of
Shareholders held yesterday in Toronto (the "Meeting ") were elected
as directors of the Company. View PDF version
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 for the election of directors are
set out below.
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
David D.
Cates
|
215,373,379
|
98.95
|
2,281,491
|
1.05
|
W. Robert
Dengler
|
214,960,068
|
98.76
|
2,694,802
|
1.24
|
Brian D.
Edgar
|
215,130,879
|
98.84
|
2,523,991
|
1.16
|
Ron F.
Hochstein
|
165,957,889
|
76.25
|
51,696,981
|
23.75
|
Jun Gon
Kim
|
215,935,313
|
99.21
|
1,719,557
|
0.79
|
David
Neuburger
|
215,906,301
|
99.20
|
1,748,569
|
0.80
|
Jennifer
Traub
|
215,444,377
|
98.98
|
2,209,594
|
1.02
|
Patricia M.
Volker
|
215,797,396
|
99.15
|
1,857,474
|
0.85
|
The Board of Directors (the "Board"), on recommendation (after
detailed review) of the Corporate Governance & Nominating
Committee, 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 6 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.
Mr. Hochstein played an important role in the development of
Denison during his tenure as CEO and during that time acquired
considerable specialized knowledge of the uranium mining industry –
which together with his breadth of technical and practical
experience in the mining industry provides great value to
Denison. Since Mr. Hochstein's resignation in 2015, the
Company's asset base, management team, and strategy, have changed
substantially. Accordingly, 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.
The Company has provided more details on the results of all
matters considered at the Meeting in its Report of Voting Results
filed under its profile on SEDAR at www.sedar.com and 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'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 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.
Denison is also 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 the manager of Uranium Participation Corp., a
publicly traded company which invests in uranium oxide 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 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 26, 2021 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/denison-announces-results-of-shareholder-meeting-301286863.html
SOURCE Denison Mines Corp.