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Denison Mines Reports Financial Results from Q3'2023, Including EPS of $0.07 Driven by Significant Gains on Physical Uranium Holdings
TORONTO, Nov. 8, 2023 /CNW/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) has filed its Condensed Consolidated Financial St
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Nov. 8, 2023 /CNW/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) has filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended September 30, 2023. Both documents are or will be available on the Company's website at www.denisonmines.com, SEDAR+ (at www.sedarplus.ca) 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. The Company reported earnings per share ('EPS') of $0.07 for the third quarter of 2023, which was driven by the recognition of a significant gain on the Company's physical uranium holdings, net of operating expenses primarily related to the Company's advancement of its flagship Wheeler River Project. David Cates, President and CEO of Denison commented, \"Denison's results from the third quarter reflect an incredibly active time in the Company's modern history. We continue to focus on the advancement of Wheeler River's Phoenix deposit as the first In-Situ Recovery ('ISR') uranium mining project in the Athabasca Basin. Each quarter we are moving closer to a final investment decision for Phoenix, with notable progress having been recently achieved – including the continuation of front-end engineering and design ('FEED'), the commencement of procurement of long-lead items, the advancement of the Environmental Impact Statement ('EIS') review process, and the signing of a landmark Shared Prosperity Agreement ('SPA') with English River First Nation ('ERFN'), in which ERFN consents to the development of Wheeler River. The Company also recently reported the completion of the final stage of our history-making Phoenix ISR Feasibility Field Test ('FFT'), where we previously demonstrated our ability to recover uranium bearing solution from the Phoenix deposit, and have now further validated the processing designs and assumptions for the future Phoenix processing plant through the successful completion of the recovered solution management phase. Beyond Wheeler River, we are investing in our pipeline of development projects including the Tthe Heldeth Túé uranium deposit ('THT') on the Waterbury Lak...