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Interest in Other Entities (Tables)
12 Months Ended
Dec. 31, 2024
Interest In Other Entities [Abstract]  
Schedule of significant subsidiaries, associates and joint arrangements of the Company

    

    

December

    

December

    

Fiscal

    

  

Place

31, 2024

31, 2023

2024

Of

Ownership

Ownership

Participating

Accounting

Business

Interest (1)

Interest (1)

Interest (2)

Method

Subsidiaries

 

  

 

  

 

  

 

  

 

  

Denison Mines Inc.

 

Canada

 

100.00

%  

100.00

%  

N/A

 

Consolidation

Denison AB Holdings Corp.

 

Canada

 

100.00

%  

100.00

%  

N/A

 

Consolidation

Denison Waterbury Corp

 

Canada

 

100.00

%  

100.00

%  

N/A

 

Consolidation

9373721 Canada Inc.

 

Canada

 

100.00

%  

100.00

%  

N/A

 

Consolidation

Denison Mines (Bermuda) I Ltd

 

Bermuda

 

100.00

%  

100.00

%  

N/A

 

Consolidation

Joint Operations

 

  

 

  

 

  

 

  

 

  

Waterbury Lake Uranium Corp(3)

 

Canada

 

60.00

%  

60.00

%  

100

%  

Voting Share (4)

Waterbury Lake Uranium LP(3)

 

Canada

 

70.32

%  

69.35

%  

100

%  

Voting Share (4)

Joint Venture

 

  

 

  

 

  

 

  

 

  

JCU

 

Canada

 

50.00

%  

50.00

%  

50.00

%

Equity(5)

Key Contractual Arrangements

 

  

 

  

 

  

 

  

 

  

Wheeler River Joint Venture

 

Canada

 

90.00

%(5)  

90.00

%  

91.86

Denison Share(4)

Midwest Joint Venture

 

Canada

 

25.17

%  

25.17

%  

25.17

%  

Denison Share(4)

Mann Lake Joint Venture

 

Canada

 

30.00

%  

30.00

%  

N/A

(6)

Denison Share(4)

Wolly Joint Venture

 

Canada

 

20.77

%  

20.77

%  

20.77

%  

Denison Share(4)

McClean Lake Joint Venture

 

Canada

 

22.50

%  

22.50

%  

22.50

%  

Denison Share(4)

(1)Ownership Interest represents Denison’s percentage equity / voting interest in the entity or contractual arrangement.
(2)Participating interest represents Denison’s percentage funding contribution to the particular joint operation or contractual arrangement. This percentage can differ from ownership interest in instances where other parties to the arrangement have carried interests, they are earning-in to the arrangement, or they are diluting their interest in the arrangement (provided the arrangement has dilution provisions therein).
(3)WLUC and WLULP were acquired by Denison as part of the Fission Energy Corp. acquisition in April 2013. Denison uses its equity interest to account for its share of assets, liabilities, revenues and expenses for these joint operations. In 2024, Denison funded 100% of the activities in these joint operations pursuant to the terms of an agreement that allows it to approve spending for the WLULP without having the required 75% of the voting interest (see note 19).
(4)Denison Share is where Denison accounts for its share of assets, liabilities, revenues and expenses in accordance with the specific terms within the contractual arrangement. This can be by using either its ownership interest (i.e. Voting Share) or its participating interest (i.e. Funding Share), depending on the arrangement terms. The Voting Share and Funding Share approaches produce the same accounting result when the Company’s ownership interest and participating interests are equal.
(5)Denison indirectly owns an additional 5% ownership interest through its joint venture in JCU, which is accounted for using the equity method and is thus not reflected here as part of its participating share in the WRJV.
(6)The participating interest for 2024 for this arrangement is shown as Not Applicable as there was no approved spending program carried out during fiscal 2024.