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Message: Denison Announces New Long-Term Uranium Sales Contract
| April 27, 2009 |
| Denison Announces New Long-Term Uranium Sales Contract |
| TORONTO, ONTARIO--(Marketwire - April 27, 2009) - Denison Mines Corp. (TSX:DML)(NYSE Alternext US:DNN)(NYSE Amex:DNN.A) ("Denison") is pleased to announce that it has entered into a new long-term contract for the sale of uranium from its production facilities in the United States and Canada. The new agreement provides for the delivery of 1,000,000 pounds of U3O8 over a period of five years beginning in 2011. The price under the contract is a combination of an escalated base price and published market price indicators at the time of delivery, subject to escalated floors and ceilings. In addition to this new long-term uranium sales contract, Denison has three other long-term sales contracts in place, and ongoing discussions with additional prospective clients. Mr. Peter Farmer states, "Denison will continue to enter into similar long-term uranium sales contracts with nuclear utilities world-wide at prices which will support the continued development of its uranium reserves and resources and the operation of its uranium production facilities." About Denison 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 conventional uranium mills operating in North America today. Denison also has a strong exploration and development portfolio with large land positions in the United States, Canada, Mongolia and Zambia. |
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Apr 27, 2009 02:52PM
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