Denison Mines - President & CEO, David Cates.
President & CEO, David Cates.
Source: Market One Media Group
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Denison Mines Corp. (DML) received government approval for facilities needed for a feasibility test at the Wheeler River Project
  • The approval allows Denison to use pollutant control facilities for the Phoenix deposit
  • these facilities are typical for mining operations and manage material recovered from mineral extraction
  • The company is expected to commence work on the Phoenix Deposit shortly
  • Denison Mines Corp. (DML) is down 2.31 per cent and is trading at $1.27 per share as of 3:07 p.m. ET

Denison Mines Corp. (DML) has received approval from the Province of Saskatchewan to conduct a feasibility test at the Wheeler River Project.

According to the company, the approval was granted by the Saskatchewan Minister of Environment and now allows Denison to use pollutant control facilities and will be specifically go towards the Phoenix deposit.

“Successfully navigating the regulatory environment in Saskatchewan to develop conditions for the oversight of a novel advanced field test is a notable accomplishment for both the Denison team and the regulatory team from the Ministry of the Environment,” David Cates, Denison’s President and CEO, said.

Denison stated these types of facilities are typical for mining operations and manage material recovered from mineral extraction through to wastewater treatment, discharge, and storage.

“This is a significant advancement for the [feasibility test], which is a key step in the process of de-risking the proposed Phoenix ISR uranium mining operation and is expected to provide important details to support the ongoing feasibility study,” Kevin Himbeault, Denison’s Vice President of Plant Operations and Regulatory Affairs, said.

The company is expected to commence work on the Phoenix Deposit shortly.

Denison Mines Corp. (DML) is down 2.31 per cent and is trading at $1.27 per share as of 3:07 p.m. ET.

More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.
Emerita Resources Corp. - CEO, David Gower

" Emerita (TSXV:EMO) announces Aznalcóllar trial date

Emerita Resources (EMO) announced the Third Section of the Provincial Court of Seville has set the date court date regarding the Aznalcóllar package.