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Denison Mines Announces Results from Midwest ISR Preliminary Economic Assessment, Including After-Tax NPV of $965 Million
TORONTO, Aug. 6, 2025 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report the results of the Prelimina
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Aug. 6, 2025 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to report the results of the Preliminary Economic Assessment (\"PEA\") completed for In-Situ Recovery (\"ISR\") mining of the Midwest Main uranium deposit (\"Midwest Main\") at the Company's 25.17%-owned Midwest project (\"Midwest\"). The PEA outlines total ISR mine production (100% basis) of 37.4 million pounds U3O8 over an approximately 6-year mine life, resulting in annual average production of nearly 6.1 million pounds U3O8, an after-tax base-case NPV of $965 million, and after-tax base-case IRR of 82.7%. Midwest is a joint venture (\"MWJV\") owned by Denison (25.17%) and Orano Canada Inc. (\"Orano Canada\") (74.83%), and is located approximately 25 kilometers, by existing roads, from the Denison (22.5%) and Orano Canada (77.5%) owned McClean Lake uranium mill. Orano Canada is the operator of Midwest and is part of the Orano Group, which is recognized as a leading international operator in the field of nuclear materials, with activities including uranium mining, conversion, enrichment, and other fuel services. David Cates, Denison's President & CEO commented, \"The Midwest PEA illustrates tremendous technical and economic potential for ISR mining at Midwest Main. While preliminary in nature, the study incorporates the findings of our 2023 and 2024 field test programs, which provided support for key ISR criteria necessary for the application of the mining method and demonstrates the potential for robust economics. The project is estimated to have an all-in cost of production amongst the lowest cost uranium mines in the world, benefitting from a powerful combination of low initial capital costs and low cash operating costs. Denison has established itself as the industry leader in advancing the deployment of the ISR mining method to high-grade uranium deposits in the Athabasca Basin region of northern Saskatchewan, and we are pleased to have worked together with Engcomp to deliver this exciting result. We thank our Joint Venture partner Orano for entrusting us to advance the MWJV's efforts to evaluate ISR mining at Midwest.\" Midwest PEA Highlights: Base case post-tax Net Present Value (\"NPV\")(8%) of $965 million (100%...