Denison Reports Results From Q1 2020

About this update from Denison Mines Corp.

[{"type":"text","content":"\n\n\n\nDenison Reports Results From Q1 2020\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, May 6, 2020\n\n\n\n\nTORONTO, May 6, 2020 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (DML: TSX, DNN: NYSE MKT) today filed its Consolidated Financial Statements and Management's Discussion & Analysis (\"MD&A\") for the quarter ended March 31, 2020.  Both documents can be found on the Company's website at www.denisonmines.com or on 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.\nDavid Cates, President and CEO of Denison commented, \"During the first quarter of 2020, Denison announced several positive developments related to the application of the In-Situ Recovery ('ISR') mining method at the Company's 90% owned Wheeler River uranium project. These results have increased our technical confidence in advancing the Phoenix deposit as the Athabasca Basin's first ISR uranium development project. Unfortunately, also during the first quarter, the significant social and economic disruptions created by the COVID-19 pandemic necessitated that Denison suspend the Wheeler River Environmental Assessment ('EA') and certain other activities planned for Wheeler River in 2020.  While we are disappointed to pause the EA process, we our proud of our swift action to ensure employee safety, support public health efforts to limit transmission of COVID-19, and exercise prudent financial discipline.  \nAn important element of our approach to the temporary suspension is the retention of all senior technical and supporting staff involved in the advancement of Wheeler River. With our project development team in-tact during this time, we have developed work plans that are financially prudent and designed to make the most of this interim opportunity to organize our efforts so that we can quickly resume activity in s...

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