The Conversation (0)
Denison Announces 22.5% Owned McClean Lake Operations Granted 10-Year Licence Renewal by CNSC
Jul. 05, 2017 08:31AM PST
Energy InvestingDenison Mines (“Denison” or the “Company”) (TSX:DML)(NYSE MKT: DNN) is pleased to announce that its 22.5% owned McClean Lake operations have been granted a 10-year Uranium Mine Operating Licence from the Canadian Nuclear Safety Commission (“CNSC”), which is valid as of July 1, 2017 and will expire on June 30, 2027. The McClean Lake operations are …
Denison Mines (“Denison” or the “Company”) (TSX:DML)(NYSE MKT: DNN) is pleased to announce that its 22.5% owned McClean Lake operations have been granted a 10-year Uranium Mine Operating Licence from the Canadian Nuclear Safety Commission (“CNSC”), which is valid as of July 1, 2017 and will expire on June 30, 2027.
The McClean Lake operations are located in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan and are owned by the McClean Lake Joint Venture (“MLJV”), a joint venture between AREVA Resources Canada (“AREVA”) (70%), Denison (22.5%) and OURD (Canada) (7.5%).
The McClean Lake operations include several uranium deposits as well as the McClean Lake mill, which is currently operating and processing ore from the Cigar Lake mine under a toll milling agreement. The MLJV is operated by AREVA.
Denison’s President and CEO, David Cates, commented:
“We are quitefamiliar with the CNSC’s rigorous processes, having worked closely with the CNSC for many years in regards to our own reclaimed mine sitesin Elliot Lake, and we are very pleased with the outcome of the McClean Lake renewal process.
AREVA continues to be a tremendous partner at McCleanLakeand we are very appreciative of not only AREVA’s commitment to the licence renewal process, but also their commitment to operating the McClean Lake operations with the utmost respect for employee safety, the environment,and the neighbouring northerncommunities.”