TORONTO, May 11, 2021 /PRNewswire/ - Denison Mines
Corp. ("Denison" or the "Company") (TSX: DML) (NYSE
American: DNN) is pleased to announce the appointment of Mr.
Ron F. Hochstein as Chair of the
Board of Directors ("Board Chair"). Mr. Hochstein was elected
Board Chair, and Mr. Brian Edgar was
elected Lead Director, at a meeting of the Company's independent
directors following the Company's Annual General Meeting. The
Company is also pleased to welcome David
Neuburger and Jennifer Traub
to the Board of Directors. View PDF version
Ron Hochstein, Denison's Board
Chair, commented, "I am honoured to have been elected Chair
of Denison's Board by the Company's independent directors.
This is a very exciting and important time in the modern history of
Denison – as the Company focuses on advancing its low-cost Phoenix
In-Situ Recovery ('ISR') uranium development project, at a time
when the uranium market is showing signs of a sustained
recovery.
Navigating years of challenging uranium markets, with a
view of building a sustainable low-cost uranium mining company, has
taken great vision from the Company's Board and management.
Accordingly, on behalf of the Board of Directors, I would like to
thank Catherine Stefan and
Jack Lundin for their contributions
to the Board, and specifically express our appreciation to Ms.
Stefan, the Company's outgoing Board Chair, for her legacy of
leadership and oversight of the Company during her six year term as
Chair and Lead Director and 17 year tenure as a Director of the
Company and its predecessor Denison Mines Inc."
David Cates, Denison Director and
President & CEO, added, "We are also pleased to welcome
the addition of two highly qualified new Directors to join
Denison's Board. Jennifer
Traub serves as Co-Chair of the Mining Group at Cassels
Brock & Blackwell LLP and has been recognized as a legal leader
in the Canadian resource sector. Joining Jennifer as a new
Director is Dave Neuburger.
Few people have the same caliber of directly applicable technical
experience that Dave brings to our Board – including previous
executive oversight of Cameco's international ISR mining operations
and various mining operations in the Athabasca Basin."
While both Mr. Hochstein and Mr. Edgar are considered by the
Board to be independent, the appointment of Mr. Edgar as Lead
Director is a corporate governance initiative designed to enhance
the Company's overall governance practices by further capitalizing
on the diversity of qualifications that each of Denison's directors
brings to the Board – including Mr. Edgar's 30-plus years of
experience serving on public company boards and 16 years of
practice in corporate and securities law.
Ron Hochstein
Mr. Hochstein is currently the President and Chief Executive
Officer of Lundin Gold Inc. ("Lundin Gold"), which owns and
operates the high-grade and multi-million-ounce Fruta del Notre
("FDN") gold mine in southeast Ecuador. Under Mr. Hochstein's
leadership, Lundin Gold acquired FDN
in late 2014, completed a feasibility study, signed several
agreements with the Ecuadorian Government, financed, and then
constructed the mine and infrastructure on time and on schedule
within five years – achieving first gold production in November
2019. Mr. Hochstein is a Professional Engineer and holds an
MBA from the University of British
Columbia and a B.Sc. from the University of Alberta.
Mr. Hochstein has served as a director of Denison since
April 2000, and sits on the Board of
Lundin Gold (TSX, Nasdaq Stockholm)
and Josemaria Resources Inc. (TSX, Nasdaq Stockholm).
Brian Edgar
Brian Edgar is the Chairman of
Silver Bull Resources Inc., a mineral exploration company listed on
the TSX and the OTC MKTS. Mr. Edgar holds a Bachelor of Arts degree
and a Law degree, both from the University of
British Columbia. Mr. Edgar practiced Corporate and
Securities law in Vancouver, BC
Canada for 16 years before
retiring from the law in October
1992. Since that date, Mr. Edgar has served on the board of
numerous private and public mining and oil & gas companies and
had co-founded a private investment company, Rand Edgar Investment
Corp. Mr. Edgar has served as a director of the Company since
March 2005.
David Neuburger
David Neuburger is a corporate
director and consultant, with more than 30 years of experience in
executive leadership, operations management, corporate strategic
planning, projects, and mine engineering for companies involved in
uranium, gold, nickel and copper/zinc mining. From 2013 to
2018, Mr. Neuburger was Vice President, General Manager, Kupol
Operations for Kinross Gold Corporation. Prior to that, Mr.
Neuburger held the positions of Vice President, International
Mining (2010 to 2013) at Cameco Corporation ("Cameco"), where he
was responsible for oversight of Cameco's ISR mining operations and
joint ventures in the United
States and Kazakhstan and
Vice President, Mining Division (2004 to 2010) with oversight of
Cameco's uranium mining operations in the Athabasca Basin region of Northern
Saskatchewan. Additionally, Mr. Neuburger has served as
President and held other executive committee roles with the
Saskatchewan Mining Association. Mr. Neuburger is a Professional
Engineer registered in Saskatchewan, and holds B.Eng. (Mining) and
B.Sc. (Biology) degrees from McGill
University and an MBA from the University of Saskatchewan.
Jennifer Traub
Jennifer Traub is a partner in
the Securities Group at Cassels Brock & Blackwell LLP and
serves as Co-Chair of the firm's Mining Group. Ms. Traub represents
both issuers and investment dealers in connection with M&A,
public and private securities offerings and other financing
transactions. She has particular expertise and experience in the
resource sector and has played an integral role in managing some of
the largest and most complex Canadian corporate finance and M&A
transactions in the mining industry. In addition to transactional
work, Ms. Traub regularly advises public companies regarding
general corporate and securities law matters, including continuous
disclosure, corporate governance and Canadian stock exchange
issues. Ms. Traub is a member of the Law Societies of British Columbia and Ontario, has completed the Osgoode Certificate
in Mining Law, and holds a Bachelor of Laws degree from Osgoode
Hall Law School.
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.
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.
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SOURCE Denison Mines Corp.