Denison Announces Inclusion in the S&P/TSX Composite Index
Press Release
TORONTO, March 15, 2021 – Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX) (DNN: NYSE American) is pleased to announce that its common shares will be added to the S&P/TSX Composite Index – the headline index for the Canadian equity market – prior to the open of trading on Monday March 22, 2021. View PDF version
David Cates, President and CEO of Denison, commented, “Inclusion in the S&P/TSX Composite Index is a notable achievement and comes at a time when investor interest in nuclear energy and the global energy transition has increased significantly.
Our Company is well positioned to support the clean-energy transition through the future development of our flagship Wheeler River uranium project in the Athabasca Basin region of northern Saskatchewan. Wheeler River’s Phoenix deposit has the potential to compete with the lowest cost uranium mines and development projects, while being designed as one of the most environmentally sustainable mining operations in the world – owing largely to our planned application of the In-Situ Recovery mining method and the expected absence of conventional tailings generation.
On behalf of the Company’s Board of Directors and employees, we are honoured to be included in Canada’s benchmark equity index and welcome the opportunity to increase our Company’s exposure to the investment community as a further means to provide value to our shareholders.”
About the S&P/TSX Composite Index
The S&P/TSX Composite Index is maintained by S&P Dow Jones Indices, a division of S&P Global. It is the most widely quoted benchmark for the Canadian equity market and is designed to be representative of the sector composition of the broad Canadian equity market, while including a limited number of large and liquid constituents. The S&P/TSX Composite Index is the broadest in the S&P/TSX index family and is the basis for multiple sub-indices – including the S&P/TSX Global Mining Index.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company’s flagship project is the 90% owned 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. Denison’s interests in Saskatchewan 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 contracted to process the 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 66.90% interest in the Tthe Heldeth Túé (“THT,” formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.
Denison is 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 post-closure mine care and maintenance services to a variety of industry and government clients.
Denison is also the manager of Uranium Participation Corporation, a publicly traded company listed on the TSX under the symbol ‘U’, which invests in uranium oxide in concentrates and uranium hexafluoride.
please contact: David Cates, President and Chief Executive Officer, (416) 979-1991 ext. 362; Sophia Shane, Investor Relations, (604) 689-7842
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