Denison Mines has entered a sustainable communities investment agreement with four municipalities in Northern Saskatchewan, Canada.
The investment agreement was signed with the municipalities of the Northern Village of Beauval, the Northern Village of Île-à-la Crosse, the Northern Hamlet of Jans Bay and the Northern Hamlet of Cole Bay.
This move by Denison to support community-led objectives is in line with the development of its Wheeler River project.
Wheeler River is an undeveloped uranium project in the eastern portion of the Athabasca Basin in northern Saskatchewan.
It hosts two high-grade uranium deposits – Phoenix and Gryphon – and sits near key regional infrastructure including the provincial electrical transmission grid and an all-season provincial highway.
The municipalities involved have expressed their eagerness to collaborate on a regional strategy, which aims to harness the potential benefits of the Wheeler River project, ensuring that the communities thrive alongside the mine’s operations.
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These initiatives focus on enhancing economic prosperity and sustainability, with an emphasis on economic development, capital projects, job creation and training, housing and education.
The shared objective of the agreement also ensures that the local businesses and workers are well-positioned to benefit from the opportunities presented by the Wheeler River project.
Denison Mines president and CEO David Cates said: “This agreement builds upon a foundation of trust and respect established between Denison and the municipalities of Beauval and Île-à-la Crosse with the signing of a memorandum of understanding in 2018 and 2017, respectively.
“As Wheeler River has progressed over the last several years, we have listened to, understood, and responded to the interests of the communities.
“This agreement uniquely reflects the communities’ own vision for industry to support a positive legacy of sustainable northern communities. We thank the communities’ leaders and constituents for their support and trust in Denison, and we look forward to a long and mutually beneficial relationship.”
