Exhibit 99.1
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Denison Mines
Corp.
1100 – 40
University Ave
Toronto, ON M5J
1T1
www.denisonmines.com
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PRESS
RELEASE
DENISON
ANNOUNCES INCLUSION IN THE S&P/TSX COMPOSITE
INDEX
Toronto, ON – 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.
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.
For more information, please contact
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David Cates
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(416) 979-1991 ext.
362
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President and Chief Executive
Officer
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Sophia Shane
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(604) 689-7842
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Investor
Relations
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Follow Denison on
Twitter
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@DenisonMinesCo
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Cautionary Statement Regarding Forward-Looking
Statements
Certain
information contained in this news release constitutes
‘forward-looking information’, within the meaning of
the applicable United States and 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 news release contains forward-looking information
pertaining to: the addition of Denison’s shares to the
S&P/TSX Composite Index, and the potential for increased
exposure to the investment community; expectations regarding
investor interest in nuclear energy and a global energy transition;
expectations regarding the Company’s plans for its Wheeler
River project, including potential for environmental
sustainability, and Denison's expectations regarding its joint
venture ownership interests and the continuity of its agreements
with third parties.
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, level of activity, performance or achievements
of Denison to be materially different from those expressed or
implied by such forward-looking statements. For example, Denison
could cease to meet the requirements for inclusion in the
S&P/TSX Composite Index. Denison
may also be unable to pursue its exploration, evaluation and
environmental assessment activities, or meet the objectives of
those activities, which could have significant impacts on Denison.
Denison believes that the expectations reflected in this
forward-looking information are reasonable and no assurance can be
given that these expectations will prove to be accurate and results
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 13, 2020 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 news
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 news release. Denison
does not undertake any obligation to publicly update or revise any
forward-looking information after the date of this news release to
conform such information to actual results or to changes in
Denison's expectations except as otherwise required by applicable
legislation.