Denison Mines Corp.
Company typePublic
TSX: DML
IndustryMining, Industrial Metals & Minerals
Foundedas Denison Mines Inc. 1985
FounderStephen B. Roman
HeadquartersToronto, Ontario, Canada
Number of locations
Toronto, Saskatoon, Vancouver
Key people
David D. Cates
Number of employees
70 (2018)[1]
Websitewww.denisonmines.com

Denison Mines Corp. is a Canadian uranium exploration, development, and production company. Founded by Stephen B. Roman, and best known for its uranium mining in Blind River and Elliot Lake, it later diversified into coal, potash, and other projects.

History

Main article: 1974 Elliot Lake miners strike

About 1,000 workers at Denison's Elliot Lake mines went on strike in 1974, protesting unhealthy working conditions.[2][3] The protest led to immediate improvements in safety conditions, and prompted Bill Davis to commission James Milton Ham to lead the Royal Commission on the Health and Safety of Workers in Mines.[4][5]

Denison served as manager for Uranium Participation Corporation, a Toronto-based investment fund which holds no license to deal in uranium until 2021 before it was sold to Sprott Asset Management and WMC Energy.[6]

Ownership and leadership

15% of the company is owned by Korea Electric Power Corporation (KEPCO).[7]

The CEO is David D. Cates,[8] and Ron F. Hochstein is the chair of the board.[9]

Operations

Denison's principal assets are its northern Saskatchewan interests in the McClean Lake mine, the Midwest Uranium Project and the Wheeler River project.[10] Denison also manages decommissioned uranium mines in the Elliot Lake area.[11]

In 2013, Denison purchased a number of uranium exploration projects from Fission Energy, including the Waterbury Lake uranium development and other properties in the Athabasca Basin.[12]

In January 2017 Denison announced it had executed an agreement to increase ownership of the Wheeler River Uranium Project in the Athabasca Basin to 66%.[13]

See also

References

  1. ^ "2018 Annual Information Form" (PDF). Retrieved 2019-04-25.
  2. ^ "Elliot Lake wildcat strike led to key law". thesudburystar. Retrieved 2021-12-11.
  3. ^ MacDowell, Laurel Sefton (2012). "The Elliot Lake Uranium Miners' Battle to Gain Occupational Health and Safety Improvements, 1950–1980" (PDF). Journal of Canadian Labour Studies.
  4. ^ "The History of the Occupational Health and Safety Act". Windsor Occupational Health Information Service. Retrieved 2021-12-11.
  5. ^ "Workplace safety fight far from over, Steelworkers say". CBC. 17 April 2014.
  6. ^ McGee, Niall (2021-04-28). "Precious metals specialist Sprott takes over management of Uranium Participation". The Globe and Mail. Retrieved 2022-04-21.
  7. ^ Gordon, Julie (2011-09-16). "DealTalk: Cameco may go unchallenged in hostile Hathor bid". Reuters. Retrieved 2011-09-27.
  8. ^ "Denison Mines Corp". Denison Mines Corp. Retrieved 2022-04-21.
  9. ^ "Denison Mines Corp". Denison Mines Corp. Retrieved 2022-04-21.
  10. ^ "Overview | Denison Mines Corp". denisonmines.com. Retrieved 2022-04-21.
  11. ^ "Independent Environmental Monitoring Program: Elliot Lake historical mine sites". Canadian Nuclear Safety Commission. 2014-02-03. Retrieved 2022-04-21.
  12. ^ "Denison buys Fission - World Nuclear News". www.world-nuclear-news.org. Retrieved 2022-04-21.
  13. ^ "Denison Executes Agreement to Increase Ownership of Wheeler River Project Up to 66%". juniorminingnetwork.com. 10 January 2017. Retrieved January 10, 2017.

External links

Uranium mining in Ontario
Categories