TORONTO - Denison Mines (NYSE:DNN) Corp. (TSX: DML) (NYSE American: DNN), a uranium exploration and development company, announced today that it has acquired exclusive rights to the MaxPERF Tool Systems from Penetrators Canada Inc. for use in uranium mining in Saskatchewan.
This exclusive arrangement, slated for a decade, positions Denison to enhance its In-Situ Recovery (ISR) mining operations in the Athabasca Basin.
David Cates, President & CEO of Denison, expressed confidence that incorporating MaxPERF technology into the company's ISR mining toolkit will bolster Denison's competitive edge in the uranium mining sector. MaxPERF, traditionally utilized in the oil and gas industry, has been adapted by Denison for permeability enhancement, a key factor in efficient ISR mining.
Dwayne West, President of Penetrators, expressed his company's satisfaction with the partnership, noting the MaxPERF technology's suitability for Denison's ISR mining technique, which aims to maximize both injectivity and productivity.
Denison's flagship Wheeler River Uranium Project, which includes the Phoenix deposit, represents the largest undeveloped uranium project in the eastern Athabasca Basin. The company has made significant strides in advancing the project, with a Feasibility Study completed in mid-2023 and environmental and regulatory processes well underway.
The exclusive deal with Penetrators is expected to further Denison's prospects in the uranium market, as the MaxPERF tool has shown promise in improving ISR mining efficiency through enhanced permeability.
This news is based on a press release statement.
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