Business
Denison Mines Reports Financial and Operational Results for Q1 2023
TORONTO, May 10, 2023 /CNW/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, May 10, 2023 /CNW/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended March 31, 2023. Both documents will be available on the Company's website at www.denisonmines.com, SEDAR (at www.sedar.com) and EDGAR (at www.sec.gov/edgar.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 David Cates, President and CEO of Denison commented, \"Our Q1'2023 operational highlights showcase the multiple facets that make up our dynamic company. During the quarter at our flagship Wheeler River project ('Wheeler River'), we progressed our efforts on the Phoenix deposit ('Phoenix') Feasibility Study ('FS'), incorporating results from the highly successful leaching and neutralization phases of the Feasibility Field Test ('FFT') completed in late 2022. With the FS nearing completion, and the environmental assessment for Phoenix progressing in parallel to our technical de-risking efforts over the last several years, Phoenix remains squarely positioned to become the next new uranium mine in the eastern portion of the Athabasca Basin region. We also reported notable news from other assets in our vast project portfolio – including the discovery of high-grade uranium mineralization at the Moon Lake South exploration project and positive results from the completion of an internal concept study ('Concept Study') for the use of the in-situ recovery ('ISR') mining method at Denison's 25.17% owned Midwest development project ('Midwest'). The discovery at Moon Lake South is in the very early stages and illustrates the untapped potential of our large exploration property portfolio. Moon Lake South is a particularly exciting property, given that it is nearly surrounded by Denison controlled exploration properties and is adjacent to our flagship Wheeler River property. At Midwest, we are collaborating with our long-time joint venture partner Orano Canada Inc., to take steps that could see Midwest emerge as another meaningful source of low-cost future production for Denison. Bas...