Phoenix Feasibility Study 2023
Lenison
Diversified Athabasca Basin asset base
with superior development leverage
95% (1)
effective interest in
Flagship
62
Wheeler River project
Development-stage project
Largest undeveloped uranium
project in the infrastructure rich
eastern Athabasca Basin
2023 Phoenix Feasibility Study(2)
Draft Environmental Impact
Statement ("EIS") submitted (6)
22.5%
interest in
Strategic McClean Lake
Uranium Mill
Strategic regional asset
+11% of global uranium
production
Excess licensed annual capacity
Licenced for expansion of tailings
management facility ("TMF") (3)
67.41%
interest in
Emerging
Waterbury Lake project
PEA stage development project(4)
Tthe Heldeth Túé ("THT") deposit
(formerly J Zone) highlights
potential for future development
project pipeline
Participating interests in key development- -285,000
stage assets operated by uranium "majors"
Includes 22.5% in McClean Lake (Orano), 25.17% in Midwest (Orano), and
an effective 15% in Millennium (Cameco) through 50% ownership of JCU(5)
hectares of
exploration ground
PHOTO:
Aerial view of Denison's
22.5% owned McClean
Lake mill facility
NOTES:
(1) Denison increased its
effective interest in
Wheeler River as part of
the acquisition of 50% of
JCU (Canada) Exploration
Company, Limited. See
Denison's news release
dated August. 3, 2021.
(2) See the Wheeler River
Technical Report titled "NI
43-101 Technical Report
on the Wheeler River
Project, Athabasca Basin,
Saskatchewan, Canada"
dated June 23, 2023.
(3) See news release dated
January 19, 2022.
(4) Refer to the Waterbury
Lake Technical Report
titled "Preliminary
Economic Assessment for
the Tthe Heldeth Túé
( Zone) Deposit,
Waterbury Lake Property,
Northern Saskatchewan,
Canada" dated October
30, 2020.
(5) See news release dated
August. 3, 2021.
(6) See news release dated
October 26, 2022.
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