KML represents the Métis members who reside and apply conventional actions within the neighborhood of the Wheeler River Undertaking and the Métis residents of the Village, which is located roughly 270 km south from the Undertaking alongside provincial freeway 914 and represents the closest municipality to the Undertaking.
Govt Director of KML, Billie Jo Natomagan , remarked that ” On behalf of KML, I’m honored to announce the signing of our MBA with Denison Mines . This represents a major step ahead in our ongoing efforts to safe sustainable financial growth whereas defending and selling our tradition, language, traditions, and rights. Via this settlement we are going to proceed to interact with Denison Mines to observe and consider the outcomes of this partnership, making certain that our targets of financial growth, environmental stewardship, and social well-being are met.
We admire the dedication proven by Denison Mines in recognizing and valuing our distinctive relationship with the land and assets within the Undertaking space. This settlement signifies hope and alternative for our group and for future generations.
I want to lengthen because of everybody concerned within the negotiation course of, together with our negotiation workforce, our elders, land customers, and advisors. Your dedication and arduous work have been instrumental in attaining this milestone. ”
Mayor of the Village of Pinehouse , Mike Natomagan , acknowledged, ” We’re excited to share that now we have been in a position to attain an settlement with Denison concerning the development of the Wheeler River challenge. This can be a vital milestone for our group. Leaning on the expertise and classes discovered from our earlier settlement we have been in a position to negotiate a very significant settlement.
This settlement isn’t just a doc, however a testomony to the energy and resilience of our group, and our dedication to sustainable group growth. This partnership will deliver extra alternatives for employment, coaching and group growth that may profit our folks and our future. This can be a vital second for our group and offers us hope for a brighter future. Thanks to our elders, group, and negotiations workforce for supporting us by means of this course of. Tiniki. ”
David Cates , President & CEO of Denison, commented, ” The signing of those agreements represents one other vital and vital milestone for Denison and the Wheeler River challenge. Following the signing of a Memorandum of Understanding amongst Denison, KML, and the Village in 2017, the place every celebration expressed a mutual curiosity in supporting the development of the Undertaking, our workforce has centered its in depth engagement efforts in direction of constructing a long-lasting and genuine relationship of belief and mutual respect.
KML and the Village have welcomed Denison employees into Pinehouse on a number of notable events during the last a number of years and now we have gained a novel first-hand appreciation for the Métis and non-Métis views and values of the group. As such, it’s significantly rewarding for us to have earned the assist and consent for the development of the Undertaking from each KML and the Village. Thanks to all from KML and the Village which have contributed to the expansion of our relationship and finally the completion of those agreements.”
The MBA acknowledges that the Undertaking is situated inside KML’s Land and Occupancy Space and offers Denison with KML’s consent and assist to advance the Undertaking. Moreover, the MBA outlines a shared recognition that the profitable development of the Undertaking can assist KML to advance their aspirations for the profitable social and financial growth of KML, whereas additionally mitigating the danger of impacts on the native surroundings and KML members.
Amongst different key commitments, the MBA offers KML and its Métis members an vital function in environmental monitoring and commits to the sharing of advantages from the profitable operation of the challenge – together with advantages from group funding, enterprise alternatives, employment and coaching alternatives, and monetary compensation. Total, the MBA describes a collectively held imaginative and prescient for the long run that displays a mutual dedication to take care of an open, respectful, and cooperative relationship between Denison and KML. Importantly, the MBA defines the traits of the constructive legacy that will likely be related to the sustainable growth of the Undertaking.
The CBA acknowledges that the Village is the closest residential group to the Undertaking by highway, which depends on a lot of the identical regional infrastructure that Denison will rely because it advances the Undertaking. Pursuant to the phrases of the CBA, the Village has supplied Denison with their consent and assist for the Undertaking. Denison’s commitments within the CBA are supposed to assist the Village develop its personal capability to benefit from financial and different growth alternatives in reference to the development and operation of the Undertaking. The commitments within the CBA purpose to create a long-lasting constructive legacy that continues past the lifespan of the Undertaking.
About KML & the Village
KML peoples are thought-about Woodland Cree, Woodland Dene, and Woodland Métis, though historic paperwork point out that members of KML got here from a various vary of Métis, First Nations, and different backgrounds.
The Village is situated inside the land and occupancy space of the Indigenous folks of KML. The lands surrounding Missinippi (Churchill River) watershed have been used for gathering meals, shelter, and materials provides since time immemorial.
KML and the Village residents routinely take pleasure in vital employment and enterprise alternatives for initiatives that happen in KML territory, due to their mixed and collaborative efforts. Nice pleasure is taken within the work ethic of KML and the Village, and thru mixed efforts with group owned companies, current income have been used to construct elevated vitality environment friendly housing, youth infrastructure such as a neighborhood hockey area, and a 12-unit Elders housing facility.
About Wheeler River
Wheeler River is the biggest undeveloped uranium challenge within the infrastructure-rich japanese portion of the Athabasca Basin area, in northern Saskatchewan . The challenge is host to the high-grade Phoenix and Gryphon uranium deposits, found by Denison in 2008 and 2014, respectively, and is a three way partnership between Denison (90% and operator) and JCU ( Canada ) Exploration Firm Restricted ( ” JCU ” , 10%). In August 2023 , Denison filed a technical report summarizing the outcomes of (i) the feasibility examine accomplished for In-Situ Restoration ( ” ISR ” ) mining of the high-grade Phoenix uranium deposit and (ii) a price replace to the 2018 Pre-Feasibility Examine for typical underground mining of the basement-hosted Gryphon uranium deposit. Primarily based on the respective research, each deposits have the potential to be aggressive with the bottom price uranium mining operations on the earth. Allowing efforts for the deliberate Phoenix ISR operation commenced in 2019 and have superior considerably, with licensing in progress and a draft Environmental Affect Assertion submitted for regulatory and public evaluation in October 2022 . Extra data is out there within the technical report titled ” NI 43-101 Technical Report on the Wheeler River Undertaking Athabasca Basin, Saskatchewan, Canada ” dated August 8, 2023 with an efficient date of June 23, 2023 , a replica of which is out there on Denison’s web site and beneath its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.shtml
About Denison
Denison is a uranium mining, exploration and growth firm with pursuits centered within the Athabasca Basin area of northern Saskatchewan, Canada . Along with Denison’s efficient 95% curiosity in its flagship Wheeler River Uranium Undertaking, Denison’s pursuits in Saskatchewan additionally embrace a 22.5% possession curiosity within the McClean Lake Joint Enterprise (“MLJV”), which incorporates unmined uranium deposits (deliberate for extraction through the MLJV’s SABRE mining methodology beginning in 2025) and the McClean Lake uranium mill (presently using a portion of its licensed capability to course of the ore from the Cigar Lake mine beneath a toll milling settlement), plus a 25.17% curiosity within the MWJV’s Midwest Major and Midwest A deposits, and a 69.35% curiosity within the Tthe Heldeth Túé (“THT”) and Huskie deposits on the Waterbury Lake Property. The Midwest Major, Midwest A, THT and Huskie deposits are situated inside 20 kilometres of the McClean Lake mill. Taken collectively, Denison has direct possession pursuits in properties masking ~384,000 hectares within the Athabasca Basin area.
Moreover, by means of its 50% possession of JCU, Denison holds further pursuits in varied uranium challenge joint ventures in Canada , together with the Millennium challenge (JCU, 30.099%), the Kiggavik challenge (JCU, 33.8118%), and Christie Lake (JCU, 34.4508%).
In 2024, Denison is celebrating its seventieth yr in uranium mining, exploration, and growth, which started in 1954 with Denison’s first acquisition of mining claims within the Elliot Lake area of northern Ontario.
Cautionary Assertion Concerning Ahead-Trying Statements
Sure data contained on this information launch constitutes ‘forward-looking data’, inside the that means of the relevant United States and Canadian laws, in regards to the enterprise, operations and monetary efficiency and situation of Denison. Usually, these forward-looking statements may be recognized by way of forward-looking terminology comparable to ‘potential’, ‘plans’, ‘expects’, ‘finances’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’, or the negatives and/or variations of such phrases and phrases, or state that sure actions, occasions or outcomes ‘might’, ‘may’, ‘would’, ‘would possibly’ or ‘will ‘ ‘ be taken’, ‘happen’ or ‘be achieved’.
Particularly, this information launch comprises forward-looking data pertaining to Denison’s present intentions and aims with respect to, and commitments set forth in, the MBA and CBA ; the outcomes of, and estimates, assumptions and projections supplied in, the technical report for Wheeler River and the interpretations and expectations with respect thereto; growth and growth plans and aims for the Undertaking; and expectations concerning its three way partnership possession pursuits and the continuity of its agreements with its companions and third events .
Ahead trying statements are primarily based on the opinions and estimates of administration as of the date such statements are made, and they’re topic to recognized and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, degree of exercise, efficiency or achievements of Denison to be materially completely different from these expressed or implied by such forward-looking statements. For instance, the modelling and assumptions upon which the plans for Midwest are primarily based will not be maintained after additional work is accomplished. As well as, Denison might determine or in any other case be required to discontinue testing, analysis and different work whether it is unable to take care of or in any other case safe the mandatory assets (comparable to testing services, capital funding, three way partnership app r ovals, regulatory approvals, and so forth.). Denison believes that the expectations mirrored on this forward-looking data are affordable however no assurance may be on condition that these expectations will show to be correct and outcomes might differ materially from these anticipated on this forward-looking data. For a dialogue in respect of dangers and different elements that would affect forward-looking occasions, please check with the elements mentioned in Denison’s Annual Data Type dated March 2 8 , 202 4 or subsequent quarterly monetary studies beneath the heading ‘Danger Components’. These elements should not, and shouldn’t be construed as being , exhaustive.
Accordingly, readers mustn’t place undue reliance on forward-looking statements. The forward-looking data contained on this information launch is expressly certified by this cautionary assertion. Any forward-looking data and the assumptions made with respect thereto speaks solely as of the date of this information launch. Denison doesn’t undertake any obligation to publicly replace or revise any forward-looking data after the date of this information launch to evolve such data to precise outcomes or to adjustments in Denison’s expectations besides as in any other case required by relevant laws
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SOURCE Denison Mines Corp.
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