TORONTO, Sept. 5, 2018 /PRNewswire/ - Denison Mines
Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN)
is pleased to announce the appointment of Mr. Tim Gabruch, as Vice President Commercial.
Tim will be based in the Company's Saskatoon office and will be tasked with
building an "end to end" sales, marketing and commercial function
that is consistent with the Company's entrepreneurial culture and
long-term strategy surrounding the future development of its
flagship Wheeler River uranium project. View PDF Version
Tim has nearly two and a half decades of experience in the
uranium mining and nuclear energy industries, having spent 23 years
with Cameco Corporation ("Cameco") in various marketing and
corporate development roles. He served as Vice President Marketing,
from 2011 to 2017, leading a diverse team responsible for strategy
development, sales and marketing, administration, and inventory and
logistics management – resulting in the successful delivery of more
than 30 million pounds U3O8 annually.
Through his career, Tim has worked directly with nuclear utilities
from around the world, including having spent 8 years at Cameco's
previous marketing and sales subsidiary in Minneapolis, USA. Tim also has
experience serving the World Nuclear Association's predecessor
organization, the Uranium Institute, during a secondment, and as a
board member of the Saskatchewan Trade and Export Partnership
(STEP), a joint government/private non-profit organization that
champions the province's export industry.
David Cates, President and CEO of
Denison, commented "The uranium industry is small, and it is
rare that we would have an opportunity to add someone with Tim's
industry specific experience and background to our executive
leadership team. We are pleased to have Tim join the Denison
team and we are looking forward to building a commercial and
marketing function fitting with our Company's culture and strategy
– particularly as we begin to organize our team for the next steps
following the completion of the Wheeler River Pre-Feasibility
Study, which is expected to be completed by the end of the third
quarter."
Mr. Gabruch will also be assuming responsibility for all
commercial aspects associated with the Company's Management
Services Agreement with Uranium Participation Corp. ("UPC")(TSX:
U), as Mr. Scott Melbye, who
currently serves as VP Commercial to UPC, is moving on from his
part-time consulting role with the Company to pursue other
opportunities in which he is involved.
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
321,000 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.
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: the anticipated role and objectives to be
achieved with the creating of a Vice President Commercial position
and the appointment of Tim Gabruch;
the departure of Mr. Melbye; plans and objectives with respect to
preparing a PFS to assess on a preliminary basis the potential for
project development; and Denison's percentage interest in its
properties and its plans and agreements with its joint venture
partners
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.
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SOURCE Denison Mines Corp.