Denison Announces Execution of Agreements with the English River First Nation

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has entered into a Participation and Funding Agreement (the "Participation Agreement") and Letter of Intent (the "LOI") with the English River First Nation ("ERFN") in connection with the advancement of the proposed in-situ recovery ("ISR") uranium mining operation at Denison's 90% owned Wheeler River Uranium Project ("Wheeler River Project"), which is located in the eastern portion of the Athabasca Basin region, in northern Saskatchewan.  Additionally, Denison and ERFN have also entered into an Exploration Agreement (the "Exploration Agreement") in respect of Denison's exploration and evaluation activities within the ERFN traditional territories. View PDF version .

These agreements reflect Denison's desire to operate its business in a progressive and sustainable manner that respects ERFN rights and advances reconciliation with Indigenous peoples.  The agreements provide ERFN with economic opportunities and other benefits, while establishing a foundation for future collaboration in an authentic, cooperative, and respectful way – designed to cultivate a long-term partnership in support of the Company's activities, including the advancement of the Company's flagship Wheeler River Project, which is currently advancing through a Federal and Provincial Environmental Assessment ("EA") process.

David Cates , President & CEO of Denison commented, "   Many of Denison's interests in the Athabasca Basin region, including our flagship Wheeler River Project, are situated in the   t   raditional   t   erritory   of ERFN   .   We acknowledge and respect the rights of ERFN and are pleased to formalize our Company's effort to work with ERFN in the pursuit of achieving   (1)   a genuine understanding of the interests of the   N   ation   ,   and   (2)   meaningful mutual benefits from Denison's activities.  We   feel strongly that the   future of the   Wheeler River   P   roject will be greatly enhanced   by   partner   ing   with   ERFN   – ensuring   Indigenous knowledge regarding historical and contemporary land use, environmental knowledge   ,   and environmental stewardship   associated with ERFN's connection to   this   land,   are all   embedded as essential components of   the EA process and project d   esigns.   Together,   Denison and ERFN   are putting reconciliation principles into action   and   contributing to the important evolution of Indigenous and   industry relationships    in the province of Saskatchewan .   "

Chief Jerry Bernard , of ERFN, added, "We look forward to building on our positive relationship with Denison Mines . The   participation and   exploration agreement   s   underscore the importance of starting in a good way. That means recognizing and considering ERFN's rights and traditional land and resources uses in all proposed activities on our ancestral lands. The agreement   s   will provide benefits for our community by providing employment and contracting opportunities, annual financial contributions and the ability to help shape project activities to minimize environmental impacts."

Participation Funding Agreement & Letter of Intent

The Participation Agreement and LOI outline a mutually agreeable framework and applicable funding arrangements to facilitate ERFN's participation and engagement in the EA process for the Wheeler River Project – including ERFN's meaningful contribution to Denison's environmental understanding of the Wheeler River Project in a holistic way that respects ERFN's rights and interests.  The LOI also outlines a mutual desire to co-develop a future Shared Prosperity Agreement with respect to the Wheeler River Project, which is intended to reflect a shared vision of how new uranium mining operations in the Athabasca Basin region can prioritize sustainability while also offering new and creative ways to generate wealth and prosperity for all parties involved in the advancement of the Project.

Exploration Agreement

The Exploration Agreement establishes a framework for a cooperative and mutually beneficial relationship between Denison and ERFN whereby Denison's exploration and evaluation activities are consented to by ERFN and Denison agrees to support ERFN's interests in relation to community development and benefits, environmental protection and monitoring, as well as sustainable and predictable consultation and engagement processes. Through this cooperative approach, the parties seek to continue building a strong and positive foundation for Denison to proceed with its exploration and evaluation activities, in the traditional territory of ERFN, in a manner that is informed by and respects the rights and interests of ERFN.

About ERFN

English River First Nation   is located about 500 km north of Saskatoon in Treaty 10, with a main settlement at Patuanak , alongside the Churchill River   . ERFN    has   seven different reserves: Porter Island , Cree Lake, Elak Dase, Knee Lake, Dipper Rapids, Wapachewunak and La Plonge.

ERFN is a multilingual community with various combinations of Dene, Cree, Michif, English and French spoken by over 1,400 members. The "people of the river" are known for their bold and collaborative spirit and trusting and humble nature. They are dedicated to stewardship of the land and the education of future generations.

An industrious and entrepreneurial group, ERFN has led the way in efficient economic relationship building through its support and advancement of community development partnerships. These relationships have been instrumental in advancing community support and understanding across   northern Saskatchewan   .

About Wheeler River

Wheeler River is the largest undeveloped uranium project in the infrastructure   -   rich eastern portion of the Athabasca Basin region, in northern Saskatchewan – including combined Indicated Mineral Resources of 132.1 million pounds U   3   O   8   (1,809,000 tonnes at an average grade of 3.3% U   3   O   8   ), plus combined Inferred Mineral Resources of 3.0 million pounds U   3   O   8   (82,000 tonnes at an average grade of 1.7% U   3   O   8   ). The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU ( Canada ) Exploration Company Limited (10%).

A   Pre-Feasibility Study ("  PFS  ")   was completed for Wheeler River in late 2018, considering the potential economic merit of developing the Phoenix deposit as an ISR operation and the Gryphon deposit as a conventional underground mining operation.  Taken together, the project is estimated to have mine production of 109.4 million pounds U   3   O   8   over a 14-year mine life, with a base case pre-tax NPV of $1.31 billion (8% discount rate), Internal Rate of Return ("IRR") of 38.7%, and initial pre-production capital expenditures of $322.5 million . The Phoenix ISR operation is estimated to have a stand-alone base case pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%, initial pre-production capital expenditures of $322.5 million , and industry leading average operating costs of US$3.33 /lb U   3   O   8   .  The PFS is prepared on a project (100% ownership) and pre-tax basis, as each of the partners to the Wheeler River Joint Venture are subject to different tax and other obligations.

Further details regarding the PFS, including additional scientific and technical information, as well as after-tax results attributable to Denison's ownership interest, are described in greater detail in the NI 43-101 Technical Report titled "Pre-feasibility Study for the Wheeler River Uranium Project, Saskatchewan, Canada " dated October 30, 2018 with an effective date of September 24 , 2018.  A copy of this report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml .

Denison suspended certain activities at Wheeler River during 2020, including the EA process, which is on the critical path to achieving the project development schedule outlined in the PFS.  While the EA process has resumed, the Company is not currently able to estimate the impact   of the 2020 suspension on   the project development schedule outlined in the PFS, and users are cautioned against relying on the estimates provided therein regarding the start of pre-production activities in 2021 and first production in 2024.

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 interests in the Athabasca Basin include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill   that    is   contracted to process the 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 66.9   0   % interest in the   Tthe Heldeth Túé ("THT," formerly J Zone)   and Huskie deposits on the Waterbury Lake property.   The   Midwest, Midwest A,   THT   and Huskie   deposits   are located within 20 kilometres of the McClean Lake mill.    In addition, Denison has an extensive portfolio of exploration projects   covering   approximately   2   7   0,000 hectares    in the   Athabasca Basin   region   .

Denison is engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.

Denison is also the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride.

Follow Denison on Twitter @DenisonMinesCo

Qualified Persons

The technical information contained in this release has been reviewed and approved by Mr. David Bronkhorst , P.Eng, Denison's Vice President, Operations, who is a Qualified Person in accordance with the requirements of NI 43-101.

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:   current   intentions   and objectives   regarding engagement with respect to the Wheeler River project, including participation funding   and   the co-development   of   a shared prosperity agreement   ; expectations with respect to exploration and intended cooperation with ERFN with respect thereto; development and expansion plans and objectives, generally; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners and 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. For example, the modelling and assumptions upon which the work plans for exploration and/or the Wheeler River Project are based may not be maintained after further work is completed.  In addition, Denison may decide or otherwise be required to discontinue exploration, testing, evaluation and development work   , including its advancement and planned completion of the EA process at Wheeler River,   if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, regulatory approvals, etc.) or operations are otherwise affected by COVID-19 and its potentially far-reaching impacts.   This may impact Denison's ability to meet the objectives stated in this press release, or the objectives of Denison and ERFN could become misaligned.   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 13, 2020 or subsequent quarterly financial reports 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.

Cautionary Note to United States Investors Concerning Estimates of Mineral Resources and Mineral Reserves: This press release may use terms such as "measured", "indicated" and/or "inferred" mineral resources and "proven" or "probable" mineral reserves, which are terms defined with reference to the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") CIM Definition Standards on Mineral Resources and Mineral Reserves ("CIM Standards").  The Company's descriptions of its projects using CIM Standards may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

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SOURCE Denison Mines Corp.

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ASX symbol with uranium ore.

Top 3 ASX Uranium Stocks of 2024

Uranium has broken out in 2024, with the spot price rising to a 17 year high of US$106 per pound earlier in the year year. Despite a pullback to about US$78, pricing for uranium is still 45 percent higher than it was 18 months ago.

Although the market's turnaround has taken time, experts are predicting a bright future as countries around the world pursue clean energy goals. Against that backdrop, ASX-listed uranium companies have been making moves in 2024.

Below the Investing News Network has listed the top-performing uranium shares on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on November 28, 2024, and all companies included had market caps above AU$10 million at the time. Read on to learn more about these firms and what they've been up to so far this year.

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NexGen Announces First Uranium Sales Contracts for 5 Million Pounds with Major US Utilities

  • Contracts feature market-related pricing mechanisms at time of delivery aligned with NexGen's stated marketing strategy
  • Strategic short-term agreements position NexGen to maximize value in strengthening uranium market

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies.

NexGen Energy Ltd. Logo (CNW Group/NexGen Energy Ltd.)

These inaugural awards all incorporate market-related pricing mechanisms at the time of delivery. They reflect NexGen's long stated focus of maximizing leverage to future uranium prices and the Company's positioning as a new reliable Western World source of nuclear fuel incorporating the highest standards of technical, environmental and social inclusion from the tier one jurisdiction of Saskatchewan Canada .

The table below sets out the aggregate delivery quantities of uranium contemplated in the sales agreements, together with the expected gross sales revenue based on various assumed spot prices:

Realised Weighted Volume Average Price Realised Table (excludes escalation):
1M lbs U3O8 per annum

Uranium Price

($/lbs. U3O8)

2029

2030

2031

2032

2033

$80

$79

$79

$79

$79

$79

$100

$99

$99

$99

$99

$99

$150

$141

$141

$141

$141

$141

$175

$150

$150

$150

$150

$150

*excludes ancillary commissions and costs of delivery

Uncommitted pounds of Probable Mineral Reserves remaining (as per NI 43-101 Rook I Project Feasibility Study): 231,660,000 lbs U3O8

Leigh Curyer, Chief Executive Officer, commented: "These offtake awards with premier US utilities represents a pivotal moment for NexGen. They underscore the premier quality and scalability of the Rook I Project, whilst offering diversification of supply from existing centralised sources. Further, the terms of these awards reflect market related pricing mechanisms at the time of delivery reflecting NexGen's long-term stated strategy of optimizing the value of each pound produced.

Energy demand from reliable sources is increasing by the week with the need to expand existing nuclear energy infrastructure and the construction of power consuming data centres at a time the security of uranium supply is under significant technical and sovereign risk.

The contract awards are in parallel to ongoing discussions and negotiations with additional US, European and Asian utilities, which further complement NexGen's strong financial position and construction-ready status at Rook I. The Project is poised to become one of the largest and most environmentally sustainable uranium operations globally. This milestone is another reflection of NexGen's ability to execute on its strategic vision in advancing its position as a global leader in the nuclear fuel supply chain."

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future.  The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.  NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally.  The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon, Saskatchewan .

Fo   rward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to setting industry benchmarks with innovative and sustainable mining solutions and reflecting ongoing commitments to maximizing benefits to partners and stakeholders, the successful execution of the shaft sinking contract, the seamless transition to major construction following anticipated federal Environmental Assessment and licence approvals,  the delivery of clean energy fuel for the future, the development of the largest low cost producing uranium mine globally and incorporating elite standards in environmental and social governance, delivering a project that leads the entire mining industry socially, technically and environmentally, providing generational long-term economic, environmental and social benefits for Saskatchewan, Canada and the world, planned exploration and development activities and budgets, the interpretation of drill results and other geological information, mineral reserve and resource estimates (to the extent they involve estimates of the mineralization that will be encountered if a project is developed), requirements for additional capital, capital costs, operating costs, cash flow estimates, production estimates, the future price of uranium and similar statements relating to the economics of a project, including the Rook I Project. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on NexGen's current expectations, beliefs, assumptions, estimates and forecasts about its business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including, among others, that, third-party contractors, including Thyssen, will perform their contracts as expected and on time, the results of planned exploration and development activities will be as anticipated and on time; the price of uranium; the cost of planned exploration and development activities; that, as plans continue to be refined for the development of the Rook I Project, there will be no changes in costs, engineering details or specifications that would materially adversely affect its viability; that financing will be available if and when needed and on reasonable terms; that third-party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration and development activities will be available on reasonable terms and in a timely manner; that there will be no revocation of government approvals; that general business, economic, competitive, social and political conditions will not change in a material adverse manner; the assumptions underlying the Company's mineral reserve and resource estimates; assumptions made in the interpretation of drill results and other geological information; the ability to achieve production on the Rook I Project;  and other estimates, assumptions and forecasts disclosed in the Feasibility Study for the Rook I Project. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements were considered reasonable by management at the time they were made, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third-party financing, uncertainty of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, the imprecision of mineral reserve and resource estimates, the price and appeal of alternate sources of energy, sustained low uranium prices, aboriginal title and consultation issues, exploration and development risks, climate change, uninsurable risks, reliance upon key management and other personnel, risks related to title to its properties, information security and cyber threats, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, changes in laws, regulations and policy, competition for resources, political and regulatory risks, general inflationary pressures, industry and economic factors that may affect the business, and other factors discussed or referred to in the Company's most recent Annual Information Form under "Risk Factors" and management's discussion and analysis under "Other Risks Factors" filed on SEDAR+ at www.sedarplus.ca and 40-F filed on Edgar at   www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.   Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

www.nexgenenergy.ca

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SOURCE NexGen Energy Ltd.

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Boss Energy CEO Duncan Craib Touts Looming "New Uranium Bull Cycle"

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The company will be capitalising on what it believes is the beginning of a new uranium bull cycle.

In an interview with the Investing News Network, CEO and Managing Director Duncan Craib said Boss Energy has been meeting its strategic objectives, particularly with restarting production at Honeymoon, becoming the third uranium mine currently operating in Australia and the first to begin production in the last decade.

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Madagascar Government Lifts Suspension on Energy Fuels' Toliara Critical Minerals Project

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare earth elements ("REEs"), and critical minerals, is pleased to announce that today the Madagascar Council of Ministers, as Chaired by the President of the Republic of Madagascar, has lifted the suspension (the "Suspension") of the Company's 100%-owned Toliara critical minerals project (the "Toliara Project"). The Suspension was imposed by the Government in November 2019. In October 2024, Energy Fuels acquired Base Resources and the Toliara Project.

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Denison Announces Agreement to Form Exploration Joint Ventures with Cosa Resources

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

Denison Mines Corp. (" Denison " or the " Company ") (TSX: DML) (NYSE American: DNN) is pleased to announce that is has executed an agreement (the " Agreement ") with Cosa Resources Corp. ("Cosa") ( TSX-V: COSA ) to form three uranium exploration joint ventures in the eastern portion of the Athabasca Basin region in northern Saskatchewan . Pursuant to the Agreement, Cosa will acquire a 70% interest in Denison's 100%-owned Murphy Lake North, Darby, and Packrat properties (the " Properties ") in exchange for approximately 14.2 million Cosa common shares, $2.25M in deferred equity consideration, and a commitment to spend $6.5 million in exploration expenditures at Murphy Lake North and Darby (the " Transaction "). View PDF Version

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Terra Clean Energy Announces Changes to the Board of Directors, Share Consolidation

Terra Clean Energy Announces Changes to the Board of Directors, Share Consolidation

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