Denison Mines Corp 6-K, filed Nov 4, 2021
Denison Mines Corp. (DNN)
6-K
2021-11-04
For: 2021-11-03
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April 07, 2026
About this 6-K
Denison Mines Corp filed this 6-K on November 4, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date: November 4, 2021
Commission File Number: 001-33414
Denison Mines Corp.
(Name of
registrant)
1100-40 University Avenue
Toronto Ontario
M5J 1T1 Canada
(Address of
principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or Form
40-F.
Form
20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ☐
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
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DENISON MINES
CORP.
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/s/ Amanda Willett
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Date:
November 4, 2021
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Amanda
Willett
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Vice
President Legal and Corporate Secretary
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FORM 6-K
EXHIBIT INDEX
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Exhibit Number
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Description
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99.1
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Exhibit 99.1
News Release
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November 3,
2021
Orano and Denison Announce Successful 2021 Mining Test Showcasing
SABRE Potential
Orano Canada Inc.
(“Orano Canada”) and Denison Mines Corp.
(“Denison”) (TSX: DML, NYSE American: DNN), as
joint-venture partners in the McClean Lake Joint Venture
(“MLJV”), are pleased to report the successful
completion of a five-year test mining program deploying the
patented Surface Access Borehole Resource Extraction
(“SABRE”) mining method on the McClean Lake
property.
The final stage
of a five-year field test was completed from May to September 2021
with four mining cavities successfully excavated to produce
approximately 1,500 tonnes of high-value ore ranging in grade from
4% U3O8 to 11%
U3O8. The program was
concluded with no safety, environmental or radiological incidents
and confirmed the ability to achieve key operating objectives
associated with the test program – including targets for
cavity diameter, rates of recovery, and mine production
rates.
The majority of
the ore recovered from the test mining program has now been
transferred to the McClean Lake mill, and is expected to be
processed for the MLJV by the end of the year.
This test
represents an important milestone for the SABRE technology. Based
on the success of the 2021 program, the partners plan to evaluate
the potential use of this innovative method for future mining
operations at their jointly owned McClean Lake and Midwest
properties. The McClean Lake joint venture is owned by Orano Canada
(77.5% and operator) and Denison (22.5%). The Midwest joint venture
is owned by Orano Canada (74.83% and operator) and Denison
(25.17%).
“The SABRE
mining method is the result of long-term R&D and involves a mix
of different equipment, technology and expertise,” said Orano
Canada President and CEO Jim Corman. “I’m proud of the
work this operational team of drillers, mechanics and engineers
completed this summer as they showed how agile this method can
truly be. They demonstrated the Orano values of innovative
thinking, cohesion and team spirit, revising plans throughout the
summer to incorporate the learnings from each new drill
hole.”
David Cates,
Denison’s President & CEO, commented “With this
test result, SABRE has demonstrated that it is capable of mining
high-grade uranium ore in the Athabasca Basin region. Orano, as
operator of the MLJV, has diligently advanced the necessary R&D
efforts as part of a long-term vision for developing a mining
method that could benefit our joint venture. We are appreciative of
Orano’s efforts to ensure the safe and successful development
of this patented technology and look forward to jointly exploring
its potential applications in the context of improving uranium
markets.”
About SABRE
SABRE is the
culmination of a mining equipment invention and development
initiative that began in 2004. It is a non-entry, surface-based
mining method that uses a high-pressure water jet placed at the
bottom of a drill hole to excavate a mining cavity. The cuttings
from the excavation process are then air lifted to surface,
separated and stockpiled. SABRE is viewed as an innovative mining
method that could potentially allow for the economic access to
relatively small high-grade orebodies in the Athabasca Basin that
are either too small or too deep to be mined economically by
open-pit and/or underground mining methods.
SABRE is unique
in that the mining method can be selective and scalable, which has
the potential to provide superior flexibility when compared to
conventional mining methods and is thus ideally suited to ever
changing uranium market conditions – with a potentially short
production ramp up of months instead of years. The SABRE method is
considered environmentally friendly as a result of its less
intrusive nature and potentially smaller surface footprint when
compared to conventional open pit or underground mining methods.
Reduced water usage and power consumption also contribute to
potential reductions in greenhouse gas emissions and improved
sustainability. Additionally, as a non-entry mining method,
radiological exposure for mine workers is minimized.
Quality Assurance, Quality Control and Data
Verification
Orano Canada,
under the supervision of a Qualified Person in accordance with the
requirements of NI 43-101, has performed detailed QAQC and data
verification, where possible, of all datasets with respect to the
test mining program.
For more
information please contact:
Carey
Hyndman
Manager,
Communications and Stakeholder Engagement
Orano
Canada
306-343-4503
carey.hyndman@orano.group
and/or
David
Cates
President &
CEO
Denison Mines
Corp.
416-979-1991
x362
Qualified Persons
The technical
information in this release has been prepared and/or reviewed and
approved by Mr. Louis-Pierre Gagnon, P. Eng., General Manager, Mine
Projects of Orano Canada, who is a Qualified Person in accordance
with the requirements of NI 43-101.
On behalf of
Denison, Mr. David Bronkhorst, P. Eng., Denison’s Vice
President Operations and a Qualified Person in accordance with the
requirements of NI 43-101, has approved the technical disclosure in
this release.
About Orano Canada:
Headquartered in
Saskatoon, Saskatchewan, Orano Canada Inc. is a leading producer of
uranium, accounting for the processing of 10 million pounds of
uranium concentrate produced in Canada in 2020. Orano Canada has
been exploring for uranium, mining and milling in Canada for more
than 55 years. Orano Canada is the operator of the McClean Lake
uranium mill and a major partner in the Cigar Lake, McArthur River
and Key Lake operations. The company employs over 450 people in
Saskatchewan, including about 320 at the McClean Lake operation
where over 46% of employees are self-declared Indigenous. As a
sustainable uranium producer, Orano Canada is committed to safety,
environmental protection and contributing to the prosperity and
well-being of neighbouring communities.
Orano Canada Inc.
is a subsidiary of the multinational Orano group. As a recognized
international operator in the field of nuclear materials, Orano
delivers solutions to address present and future global energy and
health challenges. Its expertise and mastery of cutting-edge
technologies enable Orano to offer its customers high value-added
products and services throughout the entire fuel cycle. Every day,
the Orano group’s 16,500 employees draw on their skills,
unwavering dedication to safety and constant quest for innovation,
with the commitment to develop know-how in the transformation and
control of nuclear materials, for the climate and for a healthy and
resource-efficient world, now and tomorrow.
Visit Orano at
www.oranocanada.com or follow us on LinkedIn, Facebook and Twitter:
@oranocanada
About Denison:
Denison is a
uranium exploration and development company with interests focused
in the Athabasca Basin region of northern Saskatchewan, Canada. The
Company has an effective 95% interest in its flagship Wheeler River
Uranium Project, which is the largest undeveloped uranium project
in the infrastructure rich eastern portion of the Athabasca Basin
region of northern Saskatchewan. Denison's interests in the
Athabasca Basin also include a 22.5% ownership interest in the
McClean Lake joint venture, which includes several uranium deposits
and the McClean Lake uranium mill that is contracted to process the
ore from the Cigar Lake mine under a toll milling agreement, plus a
25.17% interest in the Midwest Main and Midwest A deposits, and a
66.90% interest in the Tthe Heldeth Túé ("THT," formerly
J Zone) and Huskie deposits on the Waterbury Lake property. The
Midwest Main, Midwest A, THT and Huskie deposits are each located
within 20 kilometres of the McClean Lake mill.
Through its 50%
ownership of JCU (Canada) Exploration Company, Limited, Denison
holds additional interests in various uranium project joint
ventures in Canada, including the Millennium project (JCU 30.099%),
the Kiggavik project (JCU 33.8123%) and Christie Lake (JCU
34.4508%). Denison's exploration portfolio includes further
interests in properties covering ~280,000 hectares in the Athabasca
Basin region.
Denison is also
engaged in mine decommissioning and environmental services through
its Closed Mines group (formerly Denison Environmental Services),
which manages Denison's Elliot Lake reclamation projects and
provides post-closure mine care and maintenance services to a
variety of third-party clients.
Visit Denison at
www.denisonmines.com or follow us on Twitter:
@DenisonMinesCo.
Cautionary Statement Regarding Forward-Looking
Statements
Certain information contained in this news release constitutes
‘forward-looking information’, within the meaning of
the applicable United States and Canadian legislation. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as ‘plans’,
‘expects’, ‘budget’,
‘scheduled’, ‘estimates’,
‘forecasts’, ‘intends’,
‘anticipates’, or ‘believes’, or the
negatives and/or variations of such words and phrases, or state
that certain actions, events or results ‘may’,
‘could’, ‘would’, ‘might’ or
‘will be taken’, ‘occur’, ‘be
achieved’ or ‘has the potential to’.
In particular, this news release contains forward-looking
information pertaining to SABRE, it’s design and functions
and the five-year test mining program and the interpretation of the
results therefrom; the potential applications of SABRE, including
evaluation of its potential use on other projects for the MLJV,
Midwest joint venture and/or third parties; and expectations
regarding the parties’ joint venture ownership interests and
the continuity of their agreements with partners and third
parties.
Forward looking statements are based on the opinions and estimates
of management as of the date such statements are made, and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the company to which they relate to be
materially different from those expressed or implied by such
forward-looking statements. Orano Canada and Denison believe their
respective expectations reflected in this forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be accurate and results may differ
materially from those anticipated in this forward-looking
information. For a discussion in respect of risks and other factors
that could influence forward-looking events for Denison, please
refer to the factors discussed in Denison’s Annual
Information Form dated March 26, 2021 or subsequent quarterly
financial reports under the heading ‘Risk Factors’. Any
and all such factors are not, and should not be construed as being
exhaustive.
Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking information
contained in this news release is expressly qualified by this
cautionary statement. Any forward-looking information and the
assumptions made with respect thereto speaks only as of the date of
this news release. Neither Orano Canada nor Denison undertake any
obligation to publicly update or revise any forward-looking
information after the date of this news release to conform such
information to actual results or to changes in their respective
expectations except as otherwise required by applicable
legislation.