Denison Announces Results of Shareholder Meeting & Appointment of Jennifer Traub as Board Chair

 
 
 

  Denison 70 Logo (CNW Group/Denison Mines Corp.) 

 
 

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 28, 2024 (the "Circular") for the Annual General Meeting of Shareholders held in Toronto today (the " Meeting" ) were elected as directors of the Company. View PDF version

 

  David Cates , Director, President and CEO of Denison commented,   "The Board and management of Denison extend their sincere gratitude to Mr. Ron Hochstein , who did not stand for re-election at the Meeting, for nearly 25-years of service on the Board since his appointment in 2000. As Director, Board Chair, and the Company's previous CEO, Ron made countless invaluable contributions to the strategic direction of the Company and development of several members of the management team.  Under Ron's oversight as Board Chair, Denison has emerged from an extended period of challenging uranium markets with an incredibly exciting Saskatchewan -based project portfolio and a team motivated to deliver on the development of the Company's flagship Phoenix deposit.  Ron continues to have a significant ownership position in the Company and has graciously agreed to serve the Company as an advisor to the Board in support of our efforts to develop Phoenix .   

 

   On behalf of the Board, I'm also pleased to announce the appointment of Ms. Jennifer Traub as the Company's new Board Chair.  Jennifer is a partner in the Securities Group, and Co-Chair of the Mining Group, at Cassels Brock & Blackwell LLP and has been recognized as a legal leader in the Canadian resource sector.  Jennifer joined the Denison Board in 2021, contributing her dynamic advisory and leadership experience to Denison's governance, and the Board and management are pleased she has agreed to this expanded role."   

 

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 by proxy for the election of directors are set out below.

 
 
                                        
 

   Nominee   

 
 

   Votes For   

 
 

   % For   

 
 

   Votes Withheld   

 
 

   % Withheld   

 
 

  David Cates  

 
 

  384,833,396  

 
 

  99.58 %  

 
 

  1,619,036  

 
 

  0.42 %  

 
 

  Brian Edgar  

 
 

  383,841,473  

 
 

  99.32 %  

 
 

  2,610,960  

 
 

  0.68 %  

 
 

  Jong Ho Hong  

 
 

  385,348,852  

 
 

  99.71 %  

 
 

  1,103,581  

 
 

  0.29 %  

 
 

  David Neuburger  

 
 

  382,086,817  

 
 

  98.87 %  

 
 

  4,365,616  

 
 

  1.13 %  

 
 

  Laurie Sterritt  

 
 

  381,856,131  

 
 

  98.81 %  

 
 

  4,596,301  

 
 

  1.19 %  

 
 

  Jennifer Traub  

 
 

  371,577,666  

 
 

  96.15 %  

 
 

  14,874,765  

 
 

  3.85 %  

 
 

  Patricia Volker  

 
 

  381,607,250  

 
 

  98.75 %  

 
 

  4,845,181  

 
 

  1.25 %  

 
 
 

The Company has provided more details on the results of all matters considered at the Meeting in its Report of Voting Results which has been filed under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar .

 
  About Denison  
 

Denison Mines Corp. was formed under the laws of Ontario and is a reporting issuer in all Canadian provinces and territories. Denison's common shares are listed on the Toronto Stock Exchange (the 'TSX') under the symbol 'DML' and on the NYSE American exchange under the symbol 'DNN'.

 

Denison is a uranium mining, exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada . The Company has an effective 95% interest in its flagship 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 . In mid-2023, the Phoenix Feasibility Study was completed for the Phoenix deposit as an ISR mining operation, and an update to the previously prepared 2018 Pre-Feasibility Study was completed for Wheeler River's Gryphon deposit as a conventional underground mining operation. Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019 and have advanced significantly, with licensing in progress and a draft Environmental Impact Study submitted for regulatory and public review in October 2022 .

 

Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture ('MLJV'), which includes unmined uranium deposits (planned for extraction via the MLJV's SABRE mining method starting in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture's Midwest Main and Midwest A deposits, and a 69.35% interest in the Tthe Heldeth Túé ('THT') and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, the Company has direct ownership interests in properties covering ~384,000 hectares in the Athabasca Basin region.

 

Additionally, through its 50% ownership of JCU ( Canada ) Exploration Company, Limited ('JCU'), Denison holds additional interests in various uranium project joint ventures in Canada , including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).

 

In 2024, Denison is celebrating its 70 th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario .

 

Follow Denison on X (formerly 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: Denison's expectations with respect to the Wheeler River project; 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 28, 2024 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.

 
 

  Denison Announces Results of Shareholder Meeting & Appointment of Jennifer Traub as Board Chair (CNW Group/Denison Mines Corp.) 

 
 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/denison-announces-results-of-shareholder-meeting--appointment-of-jennifer-traub-as-board-chair-302141836.html  

 

SOURCE Denison Mines Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/09/c0611.html  

 
 

News Provided by Canada Newswire via QuoteMedia

DML:CA,DNN
The Conversation (0)
Denison Announces Completion of Conceptual Mining Study Evaluating ISR for Midwest and Plans to Advance Efforts in 2023

Denison Announces Completion of Conceptual Mining Study Evaluating ISR for Midwest and Plans to Advance Efforts in 2023

 
 
 

  Denison Mines logo (CNW Group/Denison Mines Corp.) 

 
 

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the successful completion of an internal conceptual mining study (the "Concept Study") examining the potential application of the In-Situ Recovery ("ISR") mining method at the Company's 25.17% owned Midwest project ("Midwest"). The Concept Study was prepared by Denison during 2022 and was formally issued to the Midwest Joint Venture ("MWJV") in early 2023. Based on the positive results of the Concept Study, the MWJV has now provided Denison with approval to complete additional ISR-related evaluation work for Midwest in 2023. View PDF version .

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Denison Reports Financial and Operational Results for 2022, Including Significant De-Risking and Regulatory Milestones

Denison Reports Financial and Operational Results for 2022, Including Significant De-Risking and Regulatory Milestones

 
 
 

  Denison Mines logo (CNW Group/Denison Mines Corp.) 

 
 

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the year ended December 31, 2022 . Both documents will be available on the Company's website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.govedgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version .

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian and Saskatchewan flags waving under a clear blue sky.

13 Uranium Companies Exploring Canada's Athabasca Basin

Uranium market watchers know that Canada’s Athabasca Basin is among the world’s richest uranium jurisdictions and hosts several of the highest-grade uranium deposits on the planet.

Spanning close to 100,000 square kilometers of the Canadian Shield of Northern Saskatchewan and Alberta, the Athabasca Basin is a major contributor to Canada’s status as the second largest uranium producer and the third largest country by uranium reserves.

Unsurprisingly, the region is home to the world’s largest uranium mine, Cigar Lake. The mine reports average grades of 14.69 percent U3O8 and accounts for 14 percent of global uranium production.

Keep reading...Show less
Terra Clean Energy (CSE:TCEC)

Terra Clean Energy


Keep reading...Show less
A$4.5M Placement to Underpin Resource Growth Strategy

A$4.5M Placement to Underpin Resource Growth Strategy

GTI Energy (GTR:AU) has announced A$4.5M Placement to Underpin Resource Growth Strategy

Download the PDF here.

John Ciampaglia, nuclear reactors.

John Ciampaglia: Uranium Turnaround? Spot Price Pop, Stocks and SPUT Raise

John Ciampaglia, CEO of Sprott Asset Management, discusses uranium supply, demand and pricing, also sharing details on the Sprott Physical Uranium Trust's (TSX:U.U,OTCQX:SRUUF) recently closed US$200 million bought-deal financing.

"It's clearly acted as a very positive catalyst — the spot price has popped, a lot of the equities have popped on this," he said about the agreement.

Keep reading...Show less

Latest Press Releases

Related News

×