Denison Announces Grid Power Available at Future Phoenix Uranium Mine Site Following Completion of SaskPower Transmission Line

Core Viewpoint - Denison Mines Corp. has achieved a significant milestone with the installation of a new 138kV transmission line, providing grid power supply to the future Phoenix in-situ recovery uranium mine, which is crucial for the project's construction and operation [1][2][3] Group 1: Project Development - The availability of grid power at the Phoenix site is a major step in de-risking the project, as it supports the establishment of the freeze wall around the initial mining area [1][3] - The new transmission line is approximately 6 kilometers long and connects the Phoenix site to the existing grid, enhancing the project's infrastructure [2][4] - Denison has secured access to up to 8.8 MW of power from SaskPower under a power supply agreement, committing to purchase a minimum amount of power for five years [4] Group 2: Construction and Infrastructure - The electrification of the Phoenix site will now only require the installation of on-site electrical distribution infrastructure, which includes long-lead items that are on schedule for delivery [3] - The commencement of construction activities is contingent upon receiving final regulatory approvals and a final investment decision by Denison [5] Group 3: Company Background - Denison is a leading uranium mining, development, and exploration company with a 90% interest in the Wheeler River Project, which hosts high-grade uranium deposits [7] - The Wheeler River Project is the largest undeveloped uranium project in the eastern Athabasca Basin, with permitting efforts for the planned Phoenix ISR operation having started in 2019 [5][6] - Denison also holds interests in various uranium project joint ventures in Canada, enhancing its position in the uranium market [8]