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Denison Reports Results from Q3 2021

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Interim Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended September 30, 2021 . Both documents will be available on the Company's website at www.denisonmines.com or on 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

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Denison Announces Completion of Highly Successful Phoenix ISR Field Test Program

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the initial results of a highly successful In-Situ Recovery ("ISR") field test program ("2021 ISR Field Test") completed within the commercial-scale ISR test pattern installed in the Phase 1 area of the high-grade Phoenix uranium deposit ("Phoenix") at the Company's 95% owned Wheeler River Uranium Project ("Wheeler River" or the "Project") in northern Saskatchewan. View PDF Version

  • Achieved the commercial-scale production flowrate assumed in the Pre-Feasibility Study ("PFS") prepared for the Project in 2018.
  • Demonstrated hydraulic control of injected solution during ion tracer test – reporting no elevated values of the tracer element in the monitoring wells surrounding the commercial-scale test pattern.
  • Established breakthrough times between injection and recovery wells, spaced 5 to 10 meters apart, that are consistent with previous 'Proof of Concept' hydrogeological modelling conducted by Petrotek Corporation ("Petrotek").
  • Completed 'clean-up phase' following tracer test demonstrating ability to remediate the test pattern – reducing tracer concentrations to as low as 4% of peak test levels within eight days of remediation.

David Cates , Denison's President & CEO, commented, "We are pleased to have safely and successfully completed another significant ISR field program at Phoenix . Our evaluation team and field staff have worked diligently over an eight-month period to expertly carry out a complex project execution plan that has delivered the data and results necessary for our Company to continue our industry-leading efforts to further de-risk the application of the ISR mining method in the Athabasca Basin region.

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