UEX - Wheeler River Project.
Wheeler River Project.
Source: Denison Mines.
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  • Denison Mines Corp. (DML) has completed test work for its planned Phoenix processing plant as a part of a feasibility study for its Wheeler River Project
  • Test work was meant to define the mechanical components for the processing plant
  • The program confirmed the ability to produce a suitable yellowcake product
  • Metallurgical recovery rates are over 95 per cent
  • Denison Mines Corp. (DML) is down 0.32 per cent and is trading at $1.53 per share as of 12:12 p.m. ET

Denison Mines (DML) has completed test work for its planned Phoenix processing plant as a part of a feasibility study for its Wheeler River Project.

According to the company, test work was meant to define the mechanical components for the processing plant. The program has confirmed the ability to produce a yellowcake product that meets the industry standard.

“The comprehensive test work undertaken by the Denison team has demonstrated our ability to produce a saleable uranium product utilizing a simplified chemical precipitation process and high-quality effluent for final discharge to the environment… we can continue to optimize the designs for the Phoenix Plant and further our de-risking of the overall project as part of the [feasibility study]” Kevin Himbeault, Denison’s Vice President of Plant Operations and Regulatory Affairs, said. 

Denison stated the test work consisted of bench-scale lab tests using uranium-bearing solution produced from lab-scale leaching of core samples from the Phoenix deposit.

The company also stated its metallurgical recovery rates are over 95 per cent from processing of the uranium bearing solution to yellowcake.

Based on its latest data, Denison believes that it can produce a yellowcake product that meets industry standards without the use of ammonia and the specialized and additional processes typically associated.

Denison Mines Corp. (DML) is down 0.32 per cent and is trading at $1.53 per share as of 12:12 p.m. ET.


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