Denison Mines Explained

Denison Mines Corp. is a Canadian uranium exploration, development, and production company. Founded by Stephen B. Roman, and best known for its uranium mining in Blind River and Elliot Lake, it later diversified into coal, potash, and other projects.

History

See main article: 1974 Elliot Lake miners strike. About 1,000 workers at Denison's Elliot Lake mines went on strike in 1974, protesting unhealthy working conditions.^{[2] [3]} The protest led to immediate improvements in safety conditions, and prompted Bill Davis to commission James Milton Ham to lead the Royal Commission on the Health and Safety of Workers in Mines.^{[4] [5]}

Denison served as manager for Uranium Participation Corporation, a Toronto-based investment fund which holds no license to deal in uranium until 2021 before it was sold to Sprott Asset Management and WMC Energy.^[6]

Ownership and leadership

15% of the company is owned by Korea Electric Power Corporation (KEPCO).^[7]

The CEO is David D. Cates,^[8] and Ron F. Hochstein is the chair of the board.^[9]

Operations

Denison's principal assets are its northern Saskatchewan interests in the McClean Lake mine, the Midwest Uranium Project and the Wheeler River project.^[10] Denison also manages decommissioned uranium mines in the Elliot Lake area.^[11]

In 2013, Denison purchased a number of uranium exploration projects from Fission Energy, including the Waterbury Lake uranium development and other properties in the Athabasca Basin.^[12]

In January 2017 Denison announced it had executed an agreement to increase ownership of the Wheeler River Uranium Project in the Athabasca Basin to 66%.^[13]

See also

• Uranium mining in the Elliot Lake area
• Uranium
• Nuclear energy
• Nuclear power

Notes and References

1. Web site: 2018 Annual Information Form . 2019-04-25.
2. Web site: Elliot Lake wildcat strike led to key law . 2021-12-11 . thesudburystar . en-CA.
3. MacDowell . Laurel Sefton . 2012 . The Elliot Lake Uranium Miners' Battle to Gain Occupational Health and Safety Improvements, 1950–1980 . Journal of Canadian Labour Studies.
4. Web site: The History of the Occupational Health and Safety Act . 2021-12-11 . Windsor Occupational Health Information Service . en-US.
5. News: 17 April 2014 . Workplace safety fight far from over, Steelworkers say . CBC .
6. News: McGee . Niall . 2021-04-28 . Precious metals specialist Sprott takes over management of Uranium Participation . en-CA . The Globe and Mail . 2022-04-21.
7. News: Gordon . Julie . 2011-09-16 . DealTalk: Cameco may go unchallenged in hostile Hathor bid . . 2011-09-27.
8. Web site: Denison Mines Corp. . 2022-04-21 . Denison Mines Corp. . en.
9. Web site: Denison Mines Corp. . 2022-04-21 . Denison Mines Corp. . en.
10. Web site: Overview Denison Mines Corp. . 2022-04-21 . denisonmines.com.
11. Web site: 2014-02-03 . Independent Environmental Monitoring Program: Elliot Lake historical mine sites . 2022-04-21 . Canadian Nuclear Safety Commission . en.
12. Web site: Denison buys Fission - World Nuclear News . 2022-04-21 . www.world-nuclear-news.org.
13. Web site: Denison Executes Agreement to Increase Ownership of Wheeler River Project Up to 66%. 10 January 2017 . juniorminingnetwork.com. January 10, 2017.