White Mesa Mill back in operation!
Denison Initiates Ore Buying Program for White Mesa Mill
TORONTO, ONTARIO--(Marketwire - July 5, 2007) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(AMEX:DNN) is pleased to announce the start of a uranium ore buying program to supplement feed for the Company's 100% owned White Mesa Mill in Utah. The White Mesa Mill is a 2,000 ton per day dual circuit mill and is currently the only conventional uranium mill operating in the U.S. Ore from the Company's mining operations in the U.S. is currently being stockpiled at the Mill with processing scheduled to start in the first quarter of 2008. The addition of purchased ore from third parties will maximize the efficiency of this large capacity mill. The Company anticipates purchasing approximately 40,000 tons of uranium ore per year. The ore buying schedule for the month of July is posted on the Company's website (www.denisonmines.com) and will be updated monthly.
Ron Hochstein, President and COO of Denison, commented, "This new ore buying program is the first for the White Mesa Mill since 1998. With current all time high prices, the uranium industry has been rejuvenated in the four corner states area with several mines being re-opened, including the Company's. Denison's mill is the only operating one in a 500 mile radius in the heart of the historic uranium producing district in the U.S. and we very much look forward to working with the independent miners in the region."
Denison Mines Corp. is a premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four uranium mills operating in North America today. The Company also has a strong exploration portfolio with large land positions in the United States, Canada and Mongolia. Correspondingly, the Company has one of the largest uranium exploration teams among intermediate uranium companies.
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