Denison Mines Corp. engages in uranium mining and related activities in Canada, Mali, Namibia, Zambia, and Mongolia. The company is involved in the acquisition, exploration, and development of uranium properties; and extraction, processing, and sale of uranium. Properties McClean Lake McClean Lake is comprised of various uranium deposits and a mill located on the eastern edge of the Athabasca Basin in northern Saskatchewan, approximately 750 kilometres north of Saskatoon. This property is owned by the company (22.5%) and its joint venture partners, AREVA Resources Canada Inc. (ARC) (70.0%) and OURD Canada Co., Ltd. (OURD) (7.5%). The mineral property consists of four mineral leases covering an area of 1,147 hectares and 13 mineral claims covering an area of 3,111 hectares. Wheeler River Property The company has a 60% interest in the Wheeler River Joint Venture consisting of 19 unsurveyed mineral claims totaling 11,720 hectares in northern Saskatchewan. The other partners are Cameco (30%) and JCU (Canada) Exploration Company, Limited (JCU) (10%). Waterbury Lake Property The Waterbury Lake property is located in northern Saskatchewan and is jointly owned by the company (61.55%) and Korea Waterbury Uranium Limited Partnership (KWULP) (40%). Waterbury Lake property is a 40,256 hectare collection of 13 irregularly shaped contiguous claims and 1 separate claim in the eastern Athabasca Basin of northern Saskatchewan, Canada. The property is located approximately 12 km north of Points North Landing and 700 km northeast of Saskatoon, Saskatchewan. Mutanga Project, Zambia The company’s 100% owned Mutanga Project consists of the Mutanga, Dibwe and Dibwe East deposits plus other exploration areas. The property consists of two mining licences (13880-HQ-LML and 13881-HQ-LML) encompassing 457.3 square kilometres. The company also holds a portfolio of exploration and development property interests in in the Athabasca Basin including: Crawford/Bachman Lake (100%), Murphy Lake (68.85%), Waterbury Lake (61.55%), Hatchet Lake (64.36%), Bell Lake (100%), Mann Lake (30%) and Moore Lake (100%). Athabasca Basin, Saskatchewan In the Athabasca Basin, the company has interests in 37 exploration projects, which are located primarily on the eastern side of the Basin. During 2015, 68,022 metres were drilled on 11 projects which the company operates. During 2015, 35 holes were drilled on certain of such other Athabasca properties for a total of approximately 11,500 metres, to test a variety of geophysical, geological and geochemical targets. Crawford Lake Project Crawford Lake is 100% owned by the company and is located immediately southwest of Denison’s Wheeler River project, approximately 10 kilometres south of Cameco’s Millennium deposit in the southeast portion of the Athabasca Basin. Mann Lake The Mann Lake exploration project is located 25 km southwest of the McArthur River mine and is on trend between Cameco’s Read Lake project and Denison’s 60% owned Wheeler River project in Saskatchewan’s eastern Athabasca Basin. The Mann Lake project is a joint venture between Cameco (52.5%), Denison (30%) and ARC (17.5%). Cameco is the operator. Moore Lake: The Moore Lake property comprises 12 contiguous claims totaling 35,705 hectares. Bell Lake: The Bell Lake project consists of nine claims totaling 26,550 hectares. Hatchet Lake Project: The property consists of 11 claims, totaling 33,930 hectares. Johnston Lake: The Johnston Lake project is located approximately 40 km west of Points North and is accessible by float or ski plane. The property consists of seven claims totaling 24,598 hectares. The company also has other projects located in the Athabasca Basin including: Brown Lake (100%), Candle (43.81%), Darby (58.42%), Ford Lake (100%) Jasper Lake (100%), Lynx (58.42% Denison), Marten (50%), Moon Lake (58.42%), Packrat (100%), Perpete Lake (100%), Stevenson River (100%), Torwalt Lake (100%), Turkey Lake (100%), Waterfound North (58.42%), and Wolverine (50%). History Denison Mines Corp. was founded in 1996. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in 2006.
denison mines corp (DML:Toronto)
40 University Avenue
Toronto, ON M5J 1T1
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