Denison Announces 22.5% Owned McClean Lake Operation Granted Approval to Expand Tailings Management Facility

    You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Denison Announces 22.5% Owned McClean Lake Operation Granted Approval to Expand Tailings Management Facility

by ahnationtalk on January 20, 2022135 Views

TORONTO, Jan. 19, 2022 – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to report that the Canadian Nuclear Safety Commission (“CNSC”) has approved an amendment to the uranium mine and mill licence for the McClean Lake Operation to allow for the expansion of the JEB Tailings Management Facility (“TMF”). View PDF version

David Cates, Denison’s President & CEO, commented “The McClean Lake mill remains a strategically significant asset in the Athabasca Basin region – representing the only uranium milling facility currently operating in Canada.  The amendment to the operating licence for the McClean Lake Operation allows for the expansion of the TMF, such that the facility will be well positioned to serve as a regional milling centre for current and future uranium mining projects in the eastern portion of the Athabasca Basin for many years to come.

Denison congratulates Orano, as our partner and the operator of the McClean Lake Operation, on obtaining approval for the environmentally responsible approach put forward to expand the capacity of the TMF without resulting in a significant impact to the operation’s overall footprint.”

The public hearing regarding the application for amendment was held on October 4, 2021 and included submissions from Orano Canada Inc. (“Orano”), as operator of the McClean Lake Joint Venture (“MLJV”), as well as input from Denison, CNSC staff, Cameco Corporation, the English River First Nation, the Metis Nation of Saskatchewan, and the Athabasca Joint Engagement and Environmental Subcommittee, among others.

The Commission considered the adequacy of the proposed measures for protecting the environment, the health and safety of persons, national security, and other international obligations. The operation’s past operating performance, environmental protection, radiation protection, Indigenous consultation and engagement, decommissioning plans, and other safety and control areas were also examined. The TMF is designed in line with the Global Industry Standard on Tailings Management developed by the International Council of Mining and Metals (ICMM).

The amended licence remains valid until June 30, 2027. To see the full record of decision, please see the CNSC website at: http://nuclearsafety.gc.ca.

The McClean Lake Mill

The McClean Lake property is located on the eastern edge of the Athabasca Basin in northern Saskatchewan, approximately 750 kilometres north of Saskatoon, and is home to the McClean Lake uranium mill, one of the world’s largest uranium processing facilities. The mill has licensed annual production capacity of 24.0 million pounds U3O8 and is currently operating under a 10-year license expiring in 2027. The mill is contracted to process the ore from the Cigar Lake mine under a toll milling agreement (up to 18.0 million pounds U3O8 per year). The MLJV is an unincorporated contractual arrangement between Orano with a 77.5% interest and Denison with a 22.5% interest. Orano is the operator of the project.

Denison has assessed the potential economic benefit of using the McClean Lake mill as a regional milling centre for the future processing of uranium resources extracted from the Gryphon uranium deposit, on Denison’s 95% owned Wheeler River property, and the Tthe Heldeth Túé (“THT,” formerly J Zone) uranium deposit, on Denison’s 66.90% owned Waterbury Lake property.

For more information about these projects, please refer to the technical reports titled “Prefeasibility Study for the Wheeler River Uranium Project, Saskatchewan, Canada” (September 24, 2018), and “Preliminary Economic Assessment for the Tthe Heldeth Túé (J Zone) Deposit, Waterbury Lake Property, Northern Saskatchewan, Canada” (October 30, 2020).

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. In addition to Denison’s interests in Wheeler River and McClean Lake, Denison’s interests in Saskatchewan include a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the THT and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.

Through its 50% ownership of JCU (Canada) Exploration Company, Limited (“JCU”), Denison also holds 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 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 third-party post-closure mine care and maintenance services.

NT5

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More

CLOSE
CLOSE