Phoenix Feasibility Study 2023
22.5% Denison-owned McClean Lake Mill Operation:
Excess licensed capacity and CNSC approval in place for expansion of tailings facility
+14%
of global
uranium
production
2022 operating
production of
~18M lbs U308
from Cigar Lake
under tolling
agreement,
represents ~14%
of UxC's estimated
global primary
production for
2022(1)
750km
north of
Saskatoon (4)
Accessible by road
over all-weather
highways and by
air via Points North
24M
6M
lbs U308
1 lbs U₂Og
Licensed
annual
production (4)
10-Year
CNSC Operating
License(4)
Renewed in 2017
for operations up
to June 30, 2027
+50M
lbs U3O8
Historic uranium
production from
| mined McClean
Lake deposits (JEB
|
Excess licensed
capacity
if 18M lbs U308
produced under
Cigar Lake tolling(2)
Orano
Canada Inc.
French nuclear
| giant serves as site
| operator and is
|
owner of 77.5%
interest
TMF
Expansion
Approved (3)
CNSC approval
obtained to
increase tailings
+ Sue A, B, C, & E) (4) | capacity
Lenison
PHOTO:
Aerial view of Denison's
22.5% owned McClean
Lake mill facility
LINKS:
McClean Lake Project
Page on Denison Website
NOTES:
(1) Per UxC's Q1'2023
Uranium Market Outlook.
(2) Denison monetized its
share of tolling revenues
from the Cigar Lake toll
milling agreement. See
Denison's news releases
dated February 1, 2017
and February 13,
2017. Please also refer to
Denison's current Annual
Information Form and
Financial Statements and
Management, Discussion
and Analysis for additional
details related to the toll
milling agreement.
(3) See Denison's news
release dated January 19,
2022.
(4) See Denison's current
Annual Information Form
for additional details
regarding the McClean
Lake mill facility.
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