Denison Mines Corp. has secured the support of the Peter Ballantyne Cree Nation for its Wheeler River uranium project in northern Saskatchewan, removing a major hurdle as the company moves closer to production.
The project, which includes the Phoenix and Gryphon uranium deposits, received a significant boost after the First Nation formally agreed to support its development.
As part of that agreement, the Peter Ballantyne Cree Nation has also withdrawn its judicial review application challenging Saskatchewan’s environmental assessment approval for the Phoenix in-situ recovery uranium mine.
The decision clears the way for the project to continue advancing without the legal challenge that had been pending.
Work on the site is already progressing. Preparation work and early construction at the Phoenix operation began in March, and Denison continues to target the start of uranium production in 2028.
Wheeler River is being developed through a joint venture led by Denison Mines, which owns a 90 per cent interest and serves as the project operator. JCU (Canada) Exploration Co. Ltd. holds the remaining 10 per cent stake.
