Denison Mines announces Nuhenene benefit agreement

Denison Mines (DNN) announced the signing of the Nuhenene benefit agreement, which is an agreement between Denison and the Hatchet Lake Denesuine First Nation, Black Lake Denesuine First Nation, Fond du Lac Denesuine First Nation, the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake, the Northern Settlement of Camsell Portage and YNLR. The agreement provides the Athabasca Communities’ consent to and support for the development and operation of Denison’s majority owned and operated Wheeler River Project and Waterbury Lake Project, and also includes Denison’s minority interest in the Midwest Project, and the operating McClean Lake Project, all of which are located in northern Saskatchewan, David Cates, President and CEO of Denison commented, “The execution of the Nuhenene Benefit Agreement marks another significant milestone for Denison and the Wheeler River Project, which is in the final stages of the Federal approval process for the Environmental Assessment and construction license for the planned Phoenix in-situ recovery uranium mine. Negotiations of the Agreement began following the signing of an exploration agreement between Denison and the Athabasca Communities in 2022. Since that time, our team has focused its extensive engagement efforts towards cultivating a strong and enduring relationship built on trust and mutual respect. We are honoured to sign this agreement, and extend our sincere appreciation to the leadership of the Athabasca Communities, the YNLR board members involved in the negotiation process, and the numerous community members and support staff that have contributed to our engagement activities over the last several years.”