Uranium exploration and development company Denison Mines’ confidence in the application of in-situ recovery (ISR) at the Wheeler River project’s Phoenix deposit, in the Athabasca basin, is growing.
The results of test work completed in 2019 have “meaningfully” boosted the TSX-listed company’s confidence in the use ISR mining at Phoenix, CEO David Cates said on Thursday.
“Today, the prospect of successfully bringing ISR mining to the Athabasca basin is higher than it has ever been,” he said in a statement highlighting the company’s achievements in 2019.