Exhibit 99.1
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Denison Mines
Corp.
1100 – 40
University Ave
Toronto, ON M5J
1T1
www.denisonmines.com
@DenisonMinesCo
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PRESS
RELEASE
DENISON
PRESIDENT & CEO APPOINTED TO
BOARD OF DIRECTORS OF
CANADIAN NUCLEAR ASSOCIATION
Toronto, ON – June
25, 2018 Denison Mines Corp. (“Denison” or the
“Company”) (TSX: DML) (NYSE MKT: DNN) (NYSE American:
DNN) is pleased to announce that David Cates, President & CEO
of Denison, has been appointed to the Board of Directors and the
Executive Committee of the Canadian Nuclear Association
(“CNA”) at the CNA’s 58th Annual General
Meeting, held in Saskatoon on June 5, 2018.
Dr. John Barrett,
President & CEO of the CNA commented “Denison has a long
history of supporting the CNA and we are pleased to have David join
the Board and the Executive Committee. Denison is already an
excellent steward for the nuclear energy industry through its
investor outreach activities and David is expected to bring a
unique perspective to the CNA leadership team based on his
involvement in Canada’s ambitious uranium exploration and
development sector.”
Serving as a
“member-at-large” on the Executive Committee, Mr. Cates
will join CNA leadership representatives from industry leading
firms such as Ontario Power Generation, Cameco Corp., Bruce Power,
SNC-Lavalin, and Hatch Ltd. In addition, Mr. Cates will serve on
the Board of Directors as a representative of the CNA’s
“Class 4” group of companies, which includes firms
involved in manufacturing and uranium exploration
activities.
David Cates,
President & CEO of Denison commented “I’m honoured
to join the CNA Board and Executive Committee on behalf of Denison
Mines. The CNA plays a vital role in representing and promoting the
nuclear energy industry in Canada. Denison believes in the
importance of nuclear energy as a source of emission free,
low-cost, reliable base-load energy, and that Canada’s
nuclear energy industry is uniquely bolstered by the fact that the
Athabasca Basin region, in northern Saskatchewan, is the most
attractive jurisdiction for uranium mining investment
globally.”
The Canadian Nuclear Association
The
CNA is a non-profit organization established in 1960 to represent
the nuclear industry in Canada and promote the development and
growth of nuclear technologies for peaceful purposes. The
CNA’s objectives include, creating and fostering a political
environment and reasonable regulatory framework for advancing the
nuclear industry in Canada; encouraging cooperation among various
industries and agencies with a common interest in the development
of nuclear power; providing a forum for the discussion and
resolution of issues of concern to members, industry or the
Canadian public; and to encourage cooperation with other
associations with similar objectives and purposes.
For more information about nuclear energy in
Canada, or the CNA and its members or initiatives, please visit the
CNA's website at cna.ca or contact Erin Polka, Manager of Communications
& Media Relations for the CNA, by email at polkae@cna.ca, or by phone at
+1-613-237-4262.
About
Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca Basin region of northern
Saskatchewan, Canada. In addition to its 63.3% owned Wheeler River
project, which ranks as the largest undeveloped high-grade uranium
project in the infrastructure rich eastern portion of the Athabasca
Basin region, Denison's Athabasca Basin exploration portfolio
consists of numerous projects covering approximately 353,000
hectares. Denison's interests in Athabasca Basin also include a
22.5% ownership interest in the McClean Lake joint venture
(“MLJV”), which includes several uranium deposits and
the McClean Lake uranium mill, which is currently processing ore
from the Cigar Lake mine under a toll milling agreement, plus a
25.17% interest in the Midwest and Midwest A deposits, and a 65.45%
interest in the J Zone deposit and Huskie discovery on the
Waterbury Lake property. Each of Midwest, Midwest A, J Zone and
Huskie are located within 20 kilometres of the McClean Lake
mill.
Denison is also engaged in mine decommissioning and environmental
services through its Denison Environmental Services division and is
the manager of Uranium Participation Corp., a publicly traded
company which invests in uranium oxide and uranium
hexafluoride.
For more information, please contact
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David
Cates
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(416) 979-1991
ext. 362
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President and
Chief Executive Officer
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Sophia
Shane
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(604)
689-7842
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Investor
Relations
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Follow Denison on
Twitter
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@DenisonMinesCo
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Cautionary
Statement Regarding Forward-Looking Statements
Certain information contained in this press release constitutes
"forward-looking information", within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and similar
Canadian legislation concerning the business, operations and
financial performance and condition of Denison. 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 press
release contains forward-looking information pertaining to the
following: Mr. Cates’ role on the CNA Board and Executive
Committee and expectations with respect to the membership thereof;
and Denison’s percentage interest in its properties and its
plans and agreements with its joint venture partners, as
applicable.
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, performance or achievements of
Denison to be materially different from those expressed or implied
by forward-looking statements. Denison believes that the
expectations reflected in this forward-looking information are
reasonable but no assurance can be given that these expectations
will prove to be accurate and 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, please refer to the factors discussed in
Denison's Annual Information Form dated March 27, 2018 under the
heading "Risk Factors". These 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 press 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 press release. Denison does not undertake any
obligation to publicly update or revise any forward-looking
information after the date of this press release to conform such
information to actual results or to changes in Denison's
expectations except as otherwise required by applicable
legislation.