TORONTO, Oct. 1, 2019 /CNW/ - Denison Mines
Corp. ("Denison" or the "Company") (DML: TSX, DNN: NYSE
American) is pleased to announce the appointment of Mr.
David Bronkhorst, as Vice President
Operations. Mr. Bronkhorst will be based in the
Company's Saskatoon office and
will be tasked with oversight of Denison's interests in
non-operated uranium mining and milling operations as well as the
Company's project development portfolio – which is highlighted
by the low-cost In-Situ Recovery ("ISR") mining operation
planned for the high-grade Phoenix deposit at the Company's 90%
owned Wheeler River Uranium Project ("Wheeler
River"), located in northern Saskatchewan, Canada.
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Mr. Bronkhorst is a seasoned mining executive with over 35 years
of experience in base metals, gold, and uranium mining. Most
recently he held the position of Vice President, Mining, Projects
and Technology at Cameco Corporation ("Cameco"), which involved
responsibilities for conventional mining operations in the
Athabasca Basin region in northern
Saskatchewan and ISR mining
operations in the USA. During his 16-year career with Cameco,
he also served as the General Manager at the Rabbit Lake Operation
and the General Manager of the McArthur River Operation. Mr.
Bronkhorst is a past Director of the Saskatchewan Mining
Association and is actively engaged with the International Atomic
Energy Agency ("IAEA"), having participated in past IAEA missions
related to best practices for extraction of underground uranium
deposits, and as Lead Presenter & Subject Matter Expert for the
upcoming 2019 IAEA mission for the inter-regional workshop "Case
Study of Conventional Uranium Production – from Exploration to
Closure".
David Cates, President and CEO of
Denison, commented "We are pleased to have Dave join the
Denison leadership team. There are few people in the uranium
mining business with the senior level technical and team leadership
expertise that Dave has amassed over his 35-year career. As
our Company matures, Dave's knowledge and practical experience will
undoubtedly add great value to our flagship Wheeler River project,
as well as our existing mining / milling interests. Dave has
a passion for innovation, results, mentoring, and driving change –
characteristics that fit well with our Company's culture and
strategy."
David Bronkhorst, Denison's Vice
President Operations, commented "I have been following the
progress of Denison's Wheeler River project for several years, from
my time at Cameco as a joint venture partner. I have always
been impressed by the professionalism of Denison and the
capabilities of their technical team, despite their relatively
small size compared to Cameco. It's with great excitement that I
have accepted the opportunity to now lead Denison's operations
team, as we build on years of innovative thinking at Wheeler River
to transform the landscape of uranium mining in the Athabasca Basin – advancing toward a
Feasibility Study for the development of the Phoenix deposit as the first ISR uranium
mining operation in Canada."
In addition to providing executive level leadership for the
advancement of Wheeler River, Mr. Bronkhorst will be responsible
for oversight of Denison's non-operated mining / development joint
venture interests – including Denison's 22.5% owned McClean Lake
uranium processing plant, and the 25.17% owned Midwest uranium
project, both of which are operated by Orano Canada Inc.
About Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. In addition to the Wheeler River project, Denison's
Athabasca Basin exploration
portfolio consists of numerous projects covering approximately
305,000 hectares. Denison's interests in the Athabasca Basin 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, which
is currently processing ore from the Cigar Lake mine under a toll
milling agreement, plus a 25.17% interest in the Midwest and
Midwest A deposits, and a 66.51% interest in the J Zone and Huskie
deposits on the Waterbury Lake property. Each of Midwest, Midwest
A, J Zone and Huskie are located within 20 kilometres of the
McClean Lake mill.
Denison is also engaged in mine decommissioning and
environmental services through its Denison Environmental Services
division and is the manager of Uranium Participation Corp., a
publicly traded company which invests in uranium oxide and uranium
hexafluoride.
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@DenisonMinesCo
Cautionary Statement Regarding Forward-Looking
Statements
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and similar 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 press release contains forward-looking information pertaining
to the following: the anticipated role and objectives to be
achieved with the creation of a Vice President Operations position
and the appointment of David
Bronkhorst; plans and objectives with respect to Wheeler
River and the potential for project development, including the
completion of a Feasibility Study and the use of ISR mining; and
Denison's percentage interest in its properties and its plans and
agreements with its joint venture partners.
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, performance or
achievements of Denison to be materially different from those
expressed or implied by 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 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 12, 2019 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 press 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 press release. Denison does not undertake any obligation to
publicly update or revise any forward-looking information after the
date of this press 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.