PALM BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The next several years are predicted to produce a strong growth rate in the uranium ore global market. Uranium ore refers to the process of extraction of uranium ore from the ground. At the mine, uranium ore is extracted and treated to produce uranium oxide, which is then exported. The conversion of mined ore into uranium oxide (also known as yellowcake) often takes place on the mine site. The main types of uranium ore are ...

CALGARY, AB, Jan. 29, 2024 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. ("GLC" or the "Company") today announced that Greg Phaneuf, SVP Corporate Development & CFO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on January 31, 2024. GLC invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at www.VirtualInvestorConferences.com.DATE: January 31, 2024 TIM ...

Denison Mine Corp. (DNN) and its McClean Lake Joint Venture (“MLJV”) partner, Orano Canada Inc., announced that MLJV approved the restart of uranium mining operations using the JV's unique Surface Access Borehole Resource Extraction ("SABRE") mining process. This move will help the companies capitalize on the strengthening uranium market.In 2024, MLJV plans to focus on preparations necessary to ready the existing SABRE mining site and equipment for continuous commercial operations. It will prepare for the i ...

CALGARY, AB, Jan. 25, 2024 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce that we have obtained consents, from shareholders holding over 50% of the outstanding shares of the Company, in respect of the previously announced definitive agreement (the "Agreement") with Denison Mines Corp (TSX: DML) (NYSE American: DNN) ("Denison"). The Company has also received final approval from the TSX Venture Exchange to close the transaction. With all appr ...

Exhibit 99.1 FORM 51-102F3 MATERIAL CHANGE REPORT | Item | Name and Address of Company | | --- | --- | | 1: | | | | Denison Mines Corp. ("Denison" or the "Company") | | | 1100 – 40 University Avenue | | | Toronto, ON M5J 1T1 | | Item | Date of Material Change | | 2: | | | | June 26, 2023 | | Item | News Release | | 3: | | | | A news release announcing the material change was disseminated on June 26, 2023 through the facilities of CNW Group | | | (Cision), a copy of which have been filed under Denison's prof ...

Exhibit 99.1 ANNUAL CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022 ANNUAL CONSOLIDATED FINANCIAL STATEMENTS Responsibility for Financial Statements The Company's management is responsible for the integrity and fairness of presentation of these consolidated financial statements. The consolidated financial statements have been prepared by management, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, for review by t ...

INTERIM CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|--------|-------|---------| | LIABILITIES | | | | | | Current | | | | | | Accounts payable and accrued liabilities (note 11) | $ | 12,361 | $ | 8,590 | | Warrants on investment (note 7) | | 33 | | 1,625 | | Share purchase warrant liabilities (note 15) | | 3,414 | | - | | Current portion of long-term liabilities: | | | | | | Deferred revenue (note 12) | | 4,171 | | 4,656 | ...

Exhibit 99.1 Lenison Mines INTERIM CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------|-----------------------| | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL \n(Unaudited - Expressed in thousands of Canadian dollars ("CAD") except for share amounts) | | POSITION \nAt June 30 2022 | At December 31 20 ...

Financial Performance - Total revenues for the year ended December 31, 2021, were CAD 20,000,000, an increase from CAD 14,423,000 in 2020, representing a growth of approximately 38%[33] - Operating expenses increased to CAD 12,901,000 in 2021 from CAD 10,594,000 in 2020, reflecting a rise of about 22%[33] - Net income for the period was CAD 18,977,000, compared to a net loss of CAD 16,283,000 in the previous year, indicating a significant turnaround[34] - The company reported a comprehensive income of CAD 18,978,000 for the period, compared to a loss of CAD 15,642,000 in the previous year[34] - Basic and diluted net income per share for 2021 was CAD 0.02, compared to a loss of CAD 0.03 per share in 2020[34] Assets and Liabilities - Total assets reached CAD 510,284,000, up from CAD 320,690,000, marking an increase of approximately 59%[32] - Total liabilities increased to CAD 113,593,000 from CAD 93,405,000, which is an increase of about 22%[32] - Total equity rose to CAD 396,691,000, compared to CAD 227,285,000, reflecting an increase of approximately 74%[37] - The total accounts payable and accrued liabilities balance as of December 31, 2021, is $8,590,000, an increase from $7,178,000 in 2020[170] Cash and Cash Equivalents - Cash and cash equivalents increased to $63,998 thousand in 2021 from $24,992 thousand in 2020, representing a growth of 156%[31] - Total cash and cash equivalents at the end of the period increased to CAD 63,998,000 from CAD 24,992,000, reflecting a strong liquidity position[40] Investments - Investments in uranium amounted to $133,114 thousand as of December 31, 2021, with no prior balance reported[31] - The company acquired 2,500,000 pounds of physical uranium at a cost of $91,674,000, held as a long-term investment[139] - The company sold 32,500,000 common shares of GoviEx Uranium Inc. for net proceeds of $12,826,000 and issued warrants for $2,774,000, totaling gross proceeds of $15,600,000[140] - The company completed the acquisition of a 50% interest in JCU for $20,500,000 plus transaction costs, with an investment balance of $21,392,000 as of December 31, 2021[145][146] Internal Control and Compliance - The Company maintained effective internal control over financial reporting as of December 31, 2021, according to the independent auditor's opinion[22] - The Company’s internal control over financial reporting was evaluated based on the Internal Control – Integrated Framework, 2013, and found effective[22] - There were no changes in the Company's internal control over financial reporting during 2021 that materially affected its effectiveness[8] Revenue Recognition - Revenue from pre-sold toll milling services is recognized as services are provided, with adjustments made to the transaction price based on changes in expected timing or volume[113] - The Company recognized $3,207,000 in toll milling revenue in 2021, based on Cigar Lake toll milling production of 12,159,000 pounds U3O8[177] Reclamation and Provisions - The total reclamation obligations decreased from $38,420,000 at December 31, 2020, to $37,532,000 at December 31, 2021, a decline of about 2.3%[186] - The undiscounted estimated future reclamation costs for Elliot Lake increased from $32,335,000 at December 31, 2020, to $35,837,000 at December 31, 2021, an increase of approximately 15.5%[187] - The current portion of reclamation obligations increased from $802,000 at December 31, 2020, to $1,181,000 at December 31, 2021, an increase of approximately 47%[186] Shareholder Information - The company issued and outstanding common shares increased to 812,429,995 from 678,981,882, representing a growth of about 20%[32] - The company recognized a termination payment of $5,848,000 from UPC, which was included in revenue following the completion of the UPC Transaction[118] Other Financial Information - The Company’s post-employment benefits plan is not funded, with significant assumptions including a discount rate of 1.75%[182] - The fair value of the February 2021 warrants increased from $0.2215 at issuance to $0.4032 at December 31, 2021, reflecting an increase of approximately 82%[197] - The fair value of the March 2021 warrants rose from $0.2482 at issuance to $0.3563 at December 31, 2021, indicating an increase of about 43.6%[200]

Venison Mines The accompanying notes are integral to the condensed interim consolidated financial statements INTERIM CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|-----------------|-----------------------| | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL \n(Unaudited - Expressed in thousands of Canadian dollars ( ...