Denison Mines – Large Strategic Shareholder of Skyharbour and Denison’s President and CEO, David Cates, is a Director of the Company
Denison Mines (TSX: DML; NYSE American: DNN) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. In mid-2023, a Feasibility Study was completed for Wheeler River's Phoenix deposit as an ISR mining operation, and an update to the previously prepared PFS was completed for Wheeler River's Gryphon deposit as a conventional underground mining operation. 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 have advanced significantly, with licensing in progress and a draft Environmental Impact Statement submitted for regulatory and public review in October 2022.
Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture, which owns several uranium deposits and the McClean Lake uranium mill, contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits and a 67.41% interest in the THT and Huskie deposits on the Waterbury Lake property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Through its 50% ownership of JCU (Canada) Exploration Company, Ltd ('JCU'), Denison holds additional interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%). Denison's exploration portfolio includes further interests in properties covering approximately 285,000 hectares in the Athabasca Basin region.
Rio Tinto Limited - Large Strategic Shareholder of Skyharbour
Rio Tinto (ASX: RIO) is one of the largest mining and metals companies globally, operating in 35 countries with over 49,000 employees. Rio Tinto’s purpose is to produce materials essential to human progress.
Orano Canada – JV Partner at the Preston Project with Orano as Operator with 51%
Headquartered in Saskatoon, Saskatchewan, Orano Canada Inc. is a leading producer of uranium, accounting for the processing of 18 million pounds of uranium concentrate produced in Canada in 2022. Orano Canada has been exploring for uranium, mining and milling in Canada for more than 55 years. Orano Canada is the operator of the McClean Lake uranium mill and a major partner in the Cigar Lake (40.453%), McArthur River (30.2%) and Key Lake (16.7%) operations. The McClean Lake joint venture is owned by Orano Canada (77.5%) and Denison Mines (22.5%). Orano toll mills the ore from the Cigar Lake mine at the McClean Lake mill.
The company employs about 420 people in Saskatchewan, including about 300 at the McClean Lake operation where over 49% of employees are self-declared Indigenous. As a sustainable uranium producer, Orano Canada is committed to safety, environmental protection and contributing to the prosperity and well-being of neighbouring communities.
Orano Canada Inc. is a 100% subsidiary of Orano Mining, part of the multinational Orano group. As a recognized international operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges. Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle. With uranium mines in operation in Canada, Kazakhstan and Niger, Orano is one of the world’s leading producers of uranium, with competitive production costs and extraction techniques at the cutting edge of innovation. Every day, the Orano group’s 17,000 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.
Option and JV Partners
Orano Canada – 51% JV partner at the Preston Project (Skyharbour owns 24.5%)
Azincourt Energy Corp. – 86% JV partner at the East Preston Project (Skyharbour owns 9.5%)
Valor Resources Limited – 80% JV partner at the Hook Lake Project (Skyharbour owns 20%)
Basin Uranium Corp. – Earn-in option partner up to 75% at the Mann Lake Project
Medaro Mining Corp. - Earn-in option partner up to 100% at the Yurchison Project
Tisdale Clean Energy Corp. – Earn-in option partner up to 75% at the South Falcon East Project
North Shore Uranium Ltd. – Earn-in option partner up to 100% at the Falcon Project