Denison Reports Results From Q3 2020

About this update from Denison Mines Corp.

[{"type":"text","content":"\n \n \n \n Denison Reports Results From Q3 2020\n \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 Canada NewsWire\n \n \n TORONTO, Nov. 5, 2020\n \n \n \n \n \n \n \n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 5, 2020\n \n /CNW/ -\n \n Denison Mines Corp.\n \n (\"Denison\" or the \"Company\") (TSX: DML) (NYSE-MKT: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis (\"MD&A\") for the quarter ended\n \n September 30\n \n , 2020.  Both documents can be found on the Company's website at\n \n www.denisonmines.com\n \n or on SEDAR (at\n \n www.sedar.com\n \n ) and EDGAR (at\n \n www.sec.gov/edgar.shtml\n \n ). 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.\n \n View PDF version\n \n .\n \n \n \n David Cates\n \n , President and CEO of Denison commented\n \n , \"\n \n \n Our third quarter highlights illustrate the recent effort made by Denison to ensure the Company remains on track for the future development of the Phoenix In-Situ Recovery ('ISR') operation, which has the potential to become one of the lowest cost uranium mining operation in the world. Our team developed responsible return to work protocols and resumed field activity at the Wheeler River site – including the completion of an ISR field program designed to build confidence in the 'Proof of Concept' hydrogeologic model, which was announced in June and represents a significant project de-risking milestone. The 2020 ISR field program also included the completion of environmental field work necessary to support the design and permitting of further ISR test work. On the financial front, the Company successfully completed a well-supported and significantly up-sized public offering in early October – raising gross proceeds of approximately\n \n US$19 million\n \n . At the end of October, the Company is estimated to have over\n \n CAD$29 million\n \n in cash and remains debt free. Tak...

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