Denison Acknowledges Application for Judicial Review Regarding Provincial Environmental Assessment Approval for Wheeler River
Rhea-AI Summary
Denison (NYSE American: DNN) acknowledged that the Peter Ballantyne Cree Nation filed an application for judicial review in the Court of King's Bench for Saskatchewan on November 4, 2025, seeking to set aside the Provincial Ministerial approval under The Environmental Assessment Act for the Wheeler River Project and remit the decision for reconsideration.
Denison says it has undertaken extensive Indigenous engagement since March 2023, recently executed an environmental monitoring and capacity agreement with PBCN, denies the Application's claims, and intends to vigorously defend the approval. The company notes EA approval was received and CNSC hearings are set for fall 2025.
AI-generated analysis. Not financial advice.
Positive
- Provincial EA approval for Wheeler River was received prior to the Application
- CNSC hearings for federal EA and construction license scheduled for fall 2025
- Denison holds a 90% interest and is operator of Wheeler River
- Recent environmental monitoring and capacity agreement executed with PBCN
Negative
- PBCN seeks court order to set aside the Provincial EA approval
- Judicial review could delay federal approvals and project construction
- Legal challenge may require provincial reconsideration of the EA decision
News Market Reaction – DNN
On the day this news was published, DNN declined 6.16%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Pursuant to the Application, PBCN seeks an order setting aside the Provincial Ministerial approval under The Environmental Assessment Act (
Denison has undertaken and continues to undertake extensive and impactful Indigenous engagement and consultation efforts with respect to the Project. Denison further believes the Government of
PBCN was provided with an opportunity to review the draft Environmental Impact Statement for the Project starting in November 2022, and Denison has directly engaged with PBCN since March 2023, when Denison first became aware of PBCN's interest in the Project. Denison was not made aware of PBCN's intention to seek a judicial review and recently executed an environmental monitoring and capacity agreement with PBCN to support their independent environmental monitoring activities.
Denison is committed to reconciliation and works hard to listen to the perspectives of various interested parties, including PBCN, with whom Denison intends to maintain open communication. We value Indigenous knowledge and insight, and have sought to incorporate Indigenous knowledge into our Project planning processes, to ensure that our activities are designed to minimize impacts, wherever possible.
With respect to the Application, Denison denies the claims made, and intends to refute several of the factual statements and vigorously defend against the orders requested.
About Wheeler River
Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the
Based on the respective studies, both deposits have the potential to be competitive with the lowest
-
cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019
and
are nearing completion with approval of
the project
'
s
EA
received from
the Province of
About Denison
Denison is a uranium mining, exploration and development company with interests focused in the
Additionally, through its
In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the
Follow Denison on X (formerly Twitter) @DenisonMinesCo
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this
press
release constitutes 'forward-looking information' within the meaning of the applicable
In particular, this press release contains forward-looking information pertaining to the following: expectations regarding regulatory reviews , processes and approvals, and the continuity of its agreements with its partners and 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. Denison believes that the expectations reflected in this forward-looking information are reasonable but 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 2 8 , 202 5 under the heading 'Risk Factors' or in subsequent quarterly financial reports. 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 press 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 press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.
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SOURCE Denison Mines Corp.