You3ohEight

Denison Reports Financial and Operational Results for Q1 2025, Highlighted by Continued Advancement of the Phoenix Project, and the Results of its Shareholder Meeting David Cates, President and CEO of Denison commented, "With the Canadian Nuclear Safety Commission (‘CNSC’) announcing in Q1'2025 the scheduling of a public hearing for our flagship Phoenix In-Situ Recovery project in late 2025, our focus has shifted to completion of the detailed design engineering phase and advancement of construction planning and procurement efforts. Our plans are designed to put us in a position to start construction in early 2026, following anticipated regulatory approvals. We expect to be able to maintain our previous guidance of first production from Phoenix by mid-2028, which would make Phoenix the first new large-scale uranium mine in northern Saskatchewan since 2014. By the end of Q1'2025, we have achieved approximately 75% completion of total engineering for Phoenix. With 2.2 million pounds U3O8 in physical uranium holdings on hand, a strong cash balance, and no debt, Denison remains in an enviable financial position – able to fund both (i) our pre-Final Investment Decision investments in Phoenix and (ii) important potential future growth initiatives. At our McClean Lake Joint Venture with Orano Canada, we are expecting 2025 to be a notable year with the commencement of mining at the McClean North deposit using the MLJV's patented Surface Access Borehole Resource Extraction ('SABRE') mining method. Site preparation activities have recommenced and we are expecting mining to commence in the coming months." Read the full press release here ⬇️ ow.ly/hZrN50VS3Xm

🤝 Strong Indigenous and Non-Indigenous Support for Advancing & Operating the Wheeler River Project Over the past year, we've made meaningful progress strengthening our partnerships with local Indigenous and non-Indigenous communities:    🌍 September 2023: The signing of a Shared Prosperity Agreement with English River First Nation marked a milestone for our relationship. This landmark agreement received support from a substantial majority of ERFN members who participated in a ratification vote on its key terms – a first in Saskatchewan. As we advance the project together, both parties play a key role to ensure meaningful benefits are shared with ERFN, cultural preservation, and active involvement in environmental management. Check out our press release ow.ly/OJSM50SUHjP 👥 March 2024:  We established a Sustainable Communities Investment Agreement with the Northern Villages of Beauval and Île-à-la Crosse, and the Northern Hamlets of Jans Bay and Cole Bay, focusing on local economic growth, job creation, and long-term sustainability.  For details regarding this agreement check out our press release ow.ly/6Eum50SUHcV 🌱 July 2024: We signed a Mutual Benefit Agreement with Kineepik Métis Local #9 and a Community Benefit Agreement with the Village of Pinehouse Lake, securing vital support for the Wheeler River Project. These agreements are key to our commitment to sustainable development, ensuring economic benefits and environmental stewardship in relation to the Wheeler River Project. For more information check out our full press release ow.ly/A3EY50SUGPm We remain committed to working hand-in-hand with our communities in a manner that recognizes their aspirations to build a prosperous and sustainable future.   #WheelerRiver #CommunityFirst #Denison #Mines #DenisonMines #Saskatchewan

@PhilippeRe86075 @MalcolmRaw99915 On what basis?

@uraniuminsider Warren Irwin estimates secondary supply to half a billion. Maybe Russia has a couple of hundred?

Denison is proud to announce the results from our Phoenix ISR Feasibility Study, with key highlights including: ✅ Base case pre-tax NPV of $2.34 billion (100% ownership-basis) ✅ A 150% increase in base case pre-tax NPV from the 2018 PFS For further details, please refer to the full release here: bit.ly/3XsD8eI