Business
Denison Announces Temporary Suspension of Wheeler River Environmental Assessment Amidst COVID-19 Disruptions
Denison Announces Temporary Suspension of Wheeler River Environmental Assessment Amidst CO...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n\n\n\nDenison Announces Temporary Suspension of Wheeler River Environmental Assessment Amidst COVID-19 Disruptions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 20, 2020\n\n\n\n\nTORONTO, March 20, 2020 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (DML: TSX, DNN: NYSE American) announced today a temporary suspension of activities related to the environmental assessment (\"EA\") for the Company's 90% owned Wheeler River Uranium Project (\"Wheeler River\" or the \"Project\").  An important element of the EA process is the completion of extensive in-person engagement and consultation activities with various interested parties and community groups.  The decision to suspend the EA process and other discretionary activities is motivated by the significant social and economic disruption that has emerged as a result of the COVID-19 pandemic and the Company's commitment to ensure employee safety, support public health efforts to limit transmission of COVID-19, and exercise prudent financial discipline. View PDF version.\nDavid Cates, Denison's President & CEO, commented, \"Considering the interactive nature of the engagement and consultation activities planned to support the Environmental Assessment process for Wheeler River, and the considerable uncertainty that has impacted capital markets, we believe that the decision to temporarily suspend the EA is in the best interest of all interested parties.  Our team made great progress in 2019 and early 2020 towards advancing the EA and de-risking the proposed In-Situ Recovery ('ISR') uranium mine planned for the Phoenix deposit.  During the temporary suspension we expect to be focused on making the most of our positive momentum and positioning ourselves to quickly resume the process when appropriate.\"  \nThe duration of the temporary suspension is unknown at this time.  The Company intends to monitor the COVID-19 situation and will coordinate the resumption of the EA with the applicable regulators and interested parties.  Further in...