<SEC-DOCUMENT>0001654954-20-006314.txt : 20200604
<SEC-HEADER>0001654954-20-006314.hdr.sgml : 20200604
<ACCEPTANCE-DATETIME>20200604124218
ACCESSION NUMBER:		0001654954-20-006314
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200604
FILED AS OF DATE:		20200604
DATE AS OF CHANGE:		20200604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DENISON MINES CORP.
		CENTRAL INDEX KEY:			0001063259
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33414
		FILM NUMBER:		20942470

	BUSINESS ADDRESS:	
		STREET 1:		40 UNIVERSITY AVE., SUITE 1100
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 1T1
		BUSINESS PHONE:		(416) 979-1991

	MAIL ADDRESS:	
		STREET 1:		40 UNIVERSITY AVE., SUITE 1100
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 1T1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL URANIUM CORP
		DATE OF NAME CHANGE:	19980603
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6-k.htm
<DESCRIPTION>FORM 6-K DATED JUNE 4, 2020
<TEXT>
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<div style="text-align: center; text-indent: 0px; padding-top: 5.3px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">UNITED STATES</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Washington, D.C. 20549</font></div>
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<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 24px; font-weight: bold;">FORM 6-K</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<br>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Date: June 4, 2020</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Commission File Number:</font> <font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">001-33414</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-bottom: 2.7px; margin-right: 0px; margin-left: 0px; line-height: 1;"><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-family: Times New Roman; font-size: 32px; font-weight: bold;">Denison Mines Corp.</font>&#xA0;<br></font></div>
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><!--Rule Below Paragraph--></div>
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registrant)</font></font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-bottom: 2.7px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><!--Rule Below Paragraph--></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px; line-height: 1; padding-top: 8px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px; line-height: 1; padding-top: 8px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">1100-40 University Avenue</font> <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 8px; margin-right: 0px; margin-left: 0px; line-height: 1;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">Toronto Ontario</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 8px; margin-right: 0px; margin-left: 0px; line-height: 1;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">&#xA0;M5J 1T1 Canada</font> <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="text-align: center; text-indent: 0px; padding-bottom: 2.7px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;<font style="font-style: italic">(Address of
principal executive offices)</font></font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or Form
40-F.</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form
20-F&#xA0;&#xA0;&#x2610;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Form&#xA0;&#xA0;&#xA0;&#xA0;40-F&#xA0;&#xA0;&#xA0;&#x2612;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1):&#xA0;&#xA0;&#x2610;</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7):&#xA0;&#xA0;&#x2610;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">SIGNATURES<br></font></div>
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<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.</font></div>
<div style="text-align: left; text-indent: 0px; padding-top: 16px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td colspan="3" style="width: 48%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-weight: bold">DENISON MINES
CORP.</font><br></div>
</td>
</tr><tr>
<td style="width: 47%; vertical-align: middle;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
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<td style="width: 47%; vertical-align: top;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td style="width: 1%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td style="width: 4%; vertical-align: top;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 0%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td colspan="3" style="width: 48%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px; font-style: italic;">/s/ Amanda Willett</font></div>
</td>
</tr><tr>
<td style="width: 47%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Date<font style="font-weight: bold;">:&#xA0;</font> June 4,
2020</font></div>
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<td style="width: 1%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 4%; vertical-align: top;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<td style="width: 0%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td colspan="3" style="width: 48%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Amanda
Willett</font></div>
</td>
</tr><tr>
<td style="width: 47%; vertical-align: top;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 1%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 4%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="width: 0%; vertical-align: bottom;">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td colspan="3" style="width: 48%; vertical-align: top;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Corporate Counsel and Corporate Secretary</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold;">FORM 6-K
EXHIBIT INDEX</font></font></div>
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
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<tr>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Exhibit&#xA0;Number</font></div>
</td>
<td style="width: 5%; vertical-align: bottom;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;&#xA0;</font></div>
</td>
<td style="width: 85%; vertical-align: bottom;">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Description</font></div>
</td>
</tr><tr>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center">9<font>9.1</font></div>
</td>
<td>
<div><font>&#xA0;</font></div>
</td>
<td>
<div><font><a href="a2006042020-06dmcpetrotek.htm">Press release
dated June 4, 2020</a><br></font></div>
</td>
</tr><tr>
<td style="width: 10%; vertical-align: top;">
<br></td>
<td style="width: 5%; vertical-align: bottom;">
<br></td>
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<br></td>
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<div><font>&#xA0;</font></div>
</td>
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<div><font>&#xA0;</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2006042020-06dmcpetrotek.htm
<DESCRIPTION>PRESS RELEASE DATED JUNE 4, 2020
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<font style="font-weight: bold">&#xA0; <font style="font-family: Times New Roman; font-size: 13px">Exhibit
99.1</font><br></font></div>
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<font style="font-family: Arial; font-size: 11px">Denison Mines
Corp.</font></div>
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<font style="font-family: Arial; font-size: 11px">1100 &#x2013; 40
University Ave</font></div>
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<font style="font-family: Arial; font-size: 11px">Toronto, ON M5J
1T1</font></div>
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<font style="font-family: Arial; font-size: 11px">www.denisonmines.com</font></div>
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<font style="color: #000000; font-family: Arial; font-size: 13px">PRESS
RELEASE</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Arial; font-size: 13px">
DENISON ANNOUNCES INDEPENDENT &#x201C;PROOF OF
CONCEPT&#x201D;</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Arial; font-size: 13px">
ACHIEVED FOR APPLICATION OF ISR MINING METHOD AT
PHOENIX</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Arial; font-size: 13px">
AND DETAILS OF 2020 ISR FIELD PROGRAM</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Arial; font-size: 12px"><font style="font-weight: bold; color: #000000">Toronto, ON &#x2013; June 4,
2020. Denison Mines Corp.</font> <font style="color: #000000">(&#x201C;Denison&#x201D; or the
&#x201C;Company&#x201D;) (DML: TSX, DNN: NYSE American) is pleased to
announce that the hydrogeologic model developed by Petrotek
Corporation (&#x201C;Petrotek&#x201D;), for the high-grade Phoenix
uranium deposit (&#x201C;Phoenix), produced demonstration of
&#x201C;proof of concept&#x201D; for the application of the In-Situ
Recovery (&#x201C;ISR&#x201D;) mining method at Phoenix, with respect
to potential operational extraction and injection rates. The
hydrogeologic model was developed based on the data collected from
the ISR field test completed in 2019 (&#x201C;2019 Field
Test&#x201D;) (see press release dated December 18, 2019). Based on
the positive results from the hydrogeologic model, Denison is also
pleased to announce the details of its plans for the continuation
of ISR field testing in 2020, within Phoenix, at the Company's 90%
owned Wheeler River Uranium Project ("Wheeler River"), located in
northern Saskatchewan, Canada.</font></font></div>
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<font style="font-family: Arial; font-size: 12px"><font style="color: #000000">David Bronkhorst, Denison&#x2019;s Vice President
Operations, commented,</font> <font style="font-style: italic; color: #000000">&#x201C;Petrotek applied a
rigorous process of calibration to several numerical models
developed based on hydrogeologic data collected from 19 test wells
installed into the Phoenix deposit during the 2019 Field Test.
Based on this site-specific data, the hydrogeologic model allowed
for the simulation of an ISR wellfield including a total of 18
extraction wells and 33 injection wells across Test Area 1 and Test
Area 2 of Phoenix. Based on these simulations, Petrotek concluded
that the results demonstrated &#x2018;proof of concept&#x2019; for
the use of ISR mining at Phoenix. This result represents a
significant milestone in the ongoing de-risking of the use of the
ISR mining method at Phoenix. Our plans for additional field
testing in 2020 are expected to build on our success from 2019,
further confirm the hydrogeological model completed by Petrotek,
and prepare for field tests in future years, which are expected to
support a feasibility study &#x2013; including a potential in-ground
lixiviant test or ISR demonstration.&#x201D;</font></font></div>
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<font style="color: #000000; font-weight: bold; font-family: Arial; font-size: 12px">
Hydrogeologic Modeling</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">Denison
engaged Petrotek to facilitate the design and implementation of ISR
field testing at Phoenix in 2019. Petrotek is an independent
qualified technical specialist firm with unique expertise in the
evaluation and field operations of subsurface fluid flow and
injection projects, with experience ranging from feasibility
studies to facility operation. The firm has more than 20 years of
experience in the ISR uranium mining industry and has provided
consulting services to each of the ISR uranium miners in the United
States.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">Petrotek
and Denison designed the 2019 Field Test for the unique geological
characteristics of Phoenix. The testing program aimed to collect
hydrogeological data in Test Area 1 and Test Area 2 of Zone A at
Phoenix. Data acquired from the 2019 Field Test was collected and
analyzed to support the development of an integrated
hydrogeological model to better define areas of the deposit
contributing to fluid flows and ultimately to facilitate future ISR
wellfield designs necessary to support a Feasibility Study
(&#x201C;FS&#x201D;) and the Environmental Assessment
(&#x201C;EA&#x201D;) process.</font></div>
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<font style="color: #000000; font-family: Arial; font-size: 12px">Highlights
of the hydrogeologic modeling completed by Petrotek include the
following:</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Numerical
groundwater flow models were developed using site-specific data to
evaluate the hydraulic responses of the ore zone aquifer observed
during hydrogeologic field testing conducted at Phoenix in
2019;</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Multiple
models were constructed to address the lateral and vertical
variability in hydraulic conductivity (a measure of permeability)
observed at the site;</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Modeling was
limited to the physical flow of water through the groundwater
system and did not address any geochemical reactions of injected
fluids within the aquifer matrix or native
groundwater;</font></div>
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">The
hydrogeologic model developed for Phoenix consisted of five layers,
including one layer for the overlying Athabasca sandstone above the
ore zone, one layer for the underlying paleo weathered
unmineralized basement below the ore zone, and three subdivided
layers within the ore zone;</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">The uppermost
layer of the ore zone represents the upper clay unit, the middle
layer represents the more permeable friable unit, and the lower
layer represents the lower clay unit. The combined thickness of the
three layers is six metres with the thickness of the middle layer
simulated in multiple models. A two metre interval was assumed to
be the most representative of the overall in-situ conditions of the
deposit, with the resultant model being referred to as the
&#x201C;2M&#x201D; model.;</font></div>
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Arial; font-size: 12px"><font style="color: #000000">Each model was calibrated to the actual test
results from the 2019 Field Test, such that the &#x201C;head&#x201D;
(defined as a specific measurement of</font> <font style="color: #000000">liquid pressure</font> <font style="color: #000000">vertically above a</font> <font style="color: #000000">reference point</font><font style="color: #000000">) changes resulting from simulations in the models
were similar to the observed changes in the actual
tests;</font></font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">The
calibrated numerical models were then used to estimate hydraulic
responses of the ore zone aquifer under conditions representative
of ISR operations. Single well pattern simulations were run under a
variety of scenarios, including typical 5-spot and 7-spot well
patterns, variable distances between wells (5 to 15 metres), and
variable pumping and injection rates;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Results of
the single well pattern simulations were used to further
investigate the feasibility of ISR for uranium extraction by
developing a wellfield simulation using the 2M model and 5-spot
well patterns placed across Test Area 1 and Test Area 2 of Phoenix
at approximate 10 metre spacings between wells &#x2013; including a
total of 18 extraction / recovery wells and 33 injection
wells;</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Test Area 1
extraction wells were simulated at 5 gallons per minute
(&#x201C;GPM&#x201D;) or less, and Test Area 2 extraction wells were
simulated at 7.5 GPM or less, with total extraction for the
simulation at 105.5 GPM and total injection of 105.4 GPM for a
nearly balanced operational flow;</font></div>
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">The
simulation was carried out within test area boundaries, reflecting
the proposed freeze walls that are planned to encapsulate the ISR
wellfield. No attempts were made to optimize operational rates with
respect to sweep efficiency or simulated lixiviant travel
time;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">As expected,
there was large variability in travel times from injection well to
extraction well, with the average flow path travel time estimated
at 55 days, with 71% of flow paths being completed in fewer than 55
days;</font></div>
</div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">A 180-day
simulation was completed with approximately 80% of the injected
fluids estimated to be captured during the simulation
period.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">While
the results of these simulations (including well patterns, spacing
and flow rates) should be viewed as preliminary, and should not be
considered wellfield plans or projections of actual operations,
Petrotek&#x2019;s Interim Hydrogeologic Report has drawn the
following important conclusions:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">The modelling
results generally provide a demonstration of &#x201C;proof of
concept&#x201D; for application of ISR to the Phoenix ore body, with
respect to potential operational extraction and injection rates;
and</font></div>
</div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
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<font style="color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">With positive
results associated with the various permeability measures and
models reported to date, the further adjustment of operational
parameters (e.g. well spacing, injection pressures, uranium
recoveries), along with the engineered enhancement of in-situ
permeability (such as MaxPERF drilling - see press release dated
December 18, 2019), should allow for potentially significant
optimization of the hydrogeologic model in the future.</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Arial; font-size: 12px">
2020 ISR Field Test Program</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Arial; font-size: 12px">During
the summer and fall months of 2020, Denison plans to collect
additional hydrogeological data as part of an ISR field test
program (&#x201C;the 2020 Field Test&#x201D;) at Phoenix. The 2020
Field Test is designed to further evaluate and de-risk the ISR
mining conditions present at Phoenix, by supplementing the
extensive dataset acquired as part of the 2019 Field
Test.</font></div>
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<font style="color: #000000; font-family: Arial; font-size: 12px">Hydrogeological
data collected as part of the 2020 Field Test is expected to build
additional confidence in the Company&#x2019;s understanding of the
fluid pathways within Test Area 1 and Test Area 2, to further
validate the hydrogeological model completed by Petrotek, and to
prepare for field tests in future years, which are expected to
support a FS &#x2013; including a potential in-ground lixiviant test
or ISR demonstration.</font></div>
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<font style="color: #000000; font-family: Arial; font-size: 12px">The
2020 Field Test is expected to utilize existing Commercial Scale
Wells (&#x201C;CSWs&#x201D;) and Small Monitoring Wells
(&#x201C;SMWs&#x201D;), installed as part of the 2019 Field Test, as
well as mineralized and non-mineralized drill core recovered from
the 2019 Field Test.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">Key
elements of the 2020 Field Test include:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-style: italic; color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-style: italic; color: #000000; font-family: Arial; font-size: 12px">
Additional pump/injection tests within Test Area 1 and Test Area 2
of the Phoenix deposit</font></div>
</div>
</div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">To confirm
the long-term stability of engineered permeability enhancement
tunnels; and</font></div>
</div>
</div>
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<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Collection of
data from additional injection points not previously
tested.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
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<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-style: italic; font-family: Arial; font-size: 12px">
Groundwater sampling</font></div>
</div>
</div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Collection of
data from various horizons within and above the Phoenix ore zone to
characterize the baseline hydrogeochemistry in the deposit area.
Understanding of the hydrogeochemistry is expected to be necessary
to support the planning and permitting of a potential field test in
future years for an in-ground lixiviant test or ISR
demonstration;</font></div>
</div>
</div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Groundwater
sampling, in conjunction with future column leach test work, is
expected to provide data needed to conduct reactive transport
models (i.e. models that involve kinetically dissolving a mineral
in a groundwater system). These models may be used to determine the
overall dissolution rate of the ore (primarily uraninite) and the
flow of the lixiviant through the formation, including residence
time, to estimate overall mill feed rate.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-style: italic; color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-style: italic; font-family: Arial; font-size: 12px">
Permeameter analysis</font></div>
</div>
</div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Collection of
additional matrix permeability data from drill core previously
recovered from within Test Area 1 and Test Area 2, to support
further refinement of hydrogeological models with an enhanced
understanding of both large- and small-scale fluid flow
pathways.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-style: italic; color: #000000; font-size: 12px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-style: italic; font-family: Arial; font-size: 12px">
Rock mechanics tests</font></div>
</div>
</div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-family: Arial; font-size: 12px">o</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Arial; font-size: 12px">Collection of
data to aid in evaluating the potential utility of certain
permeability enhancement techniques.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">The
Company previously announced a decision to temporarily suspend the
environmental assessment process for the Wheeler River project and
other discretionary activities due to the significant social and
economic disruption that has emerged as a result of the COVID-19
pandemic and the Company's commitment to ensure employee safety,
support public health efforts to limit transmission of COVID-19,
and exercise prudent financial discipline. The work related to the
2020 Field Test is not part of the suspended activities, and is
included in the Company&#x2019;s evaluation budget contained within
the current outlook and operating plan for 2020 (see the
Company&#x2019;s Management Discussion and Analysis for the period
ended March 31, 2020).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">The
Company previously indicated that field activities in 2020 could
include the expansion of ISR field test work into Test Area 3 and
Test Area 4 of Phoenix Zone A; however, since then, field testing
of the MaxPERF Drilling Tool validated the potential to normalize
the impact of geologic variations throughout the orebody by
mechanically increasing access to existing permeability through the
installation of lateral penetration tunnels from a CSW. Based on
this success, the Company has decided to focus its testing efforts
on Test Area 1 and Test Area 2 with the potential to carry out, in
future years, an in-ground lixiviant test or ISR demonstration
within the existing test areas (rather than expanding testing
efforts to Test Area 3 and Test Area 4). This approach is expected
to substantially de-risk the application of the ISR mining method
at Phoenix and to support a future FS.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">Operational
planning for the 2020 Field Test is currently in progress, with
significant consideration being given to public health guidelines
and industry best practices associated with operating a remote
mining camp site in northern Saskatchewan amidst the COVID-19
pandemic. In addition to camp operating procedures and physical
distancing protocols, transportation and travel protocols are being
developed in consultation with various Indigenous and
non-Indigenous communities situated between the Wheeler River
project site and Saskatoon.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">The
Company is committed to ensuring that the site is a safe operating
environment for its staff and contractors and that the
Company&#x2019;s field activities do not compromise the health and
safety of the residents of northern Saskatchewan. Despite the
Company&#x2019;s current intentions, it is possible that the program
may not advance as planned, or as described above, owing to the
social and economic disruptions associated with the COVID-19
pandemic, which are outside of the control of the Company &#x2013;
for example, the availability of Company or contractor staff to
attend to the site, Provincial or local travel restrictions, and
changing public health guidelines.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Arial; font-size: 12px">
In-Situ Recovery Mining Method</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">Denison
selected the ISR mining method for the future mining of Phoenix in
the Pre-Feasibility Study (&#x201C;PFS&#x201D;) completed for Wheeler
River in 2018 (see press release dated October 30, 2018). In an ISR
mining operation, a mining solution is injected into the ore zone
through a series of injection wells, and then dissolves the uranium
as it travels through the ore zone, before the uranium bearing
solution (&#x201C;UBS&#x201D;) is then pumped back to surface via a
series of recovery wells. Once on surface, the UBS is sent to a
surface processing plant for the chemical separation of the
uranium. Following the uranium removal, the mining solution is
reconditioned and returned to the wellfield for further production.
The ISR mining method accounts for a significant portion of uranium
mine production globally and is generally considered the lowest
cost uranium mining method in the world &#x2013; owing to the fact
that the method eliminates the surface disturbances and costs
associated with physically removing ore and waste from the ground,
as well as the tailings treatment and storage, that are normally
associated with underground or open pit mining
operations.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Arial; font-size: 12px">The
geologic setting of the uranium ore body and the ability of the
mining solution to travel through the orebody (permeability) is an
important element of an ISR mining operation. Accordingly, much of
Denison&#x2019;s work in 2019 was focused on enhancing its
assessment of the permeability of Phoenix through the completion of
a series of ISR field tests &#x2013; the positive preliminary
results of which have been previously released (see press releases
dated December 18, 2019 and February 24, 2020), and the data from
which was incorporated into the hydrogeologic modelling described
above.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Arial; font-size: 12px">
About Wheeler River</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Arial; font-size: 12px">
Wheeler River is the largest undeveloped uranium project in the
infrastructure rich eastern portion of the Athabasca Basin region,
in northern Saskatchewan &#x2013; including combined Indicated
Mineral Resources of 132.1 million pounds U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font> (1,809,000 tonnes
at an average grade of 3.3% U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>), plus combined
Inferred Mineral Resources of 3.0 million pounds U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font> (82,000 tonnes at
an average grade of 1.7% U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>). The project is
host to the high-grade Phoenix and Gryphon uranium deposits,
discovered by Denison in 2008 and 2014, respectively, and is a
joint venture between Denison (90% and operator) and JCU (Canada)
Exploration Company Limited (10%).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Arial; font-size: 12px">
A PFS was completed for Wheeler River in late 2018, considering the
potential economic merit of developing the Phoenix deposit as an
ISR operation and the Gryphon deposit as a conventional underground
mining operation. Taken together, the project is estimated to have
mine production of 109.4 million pounds U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font> over a 14-year
mine life, with a base case pre-tax NPV of $1.31 billion (8%
discount rate), Internal Rate of Return ("IRR") of 38.7%, and
initial pre-production capital expenditures of $322.5 million. The
Phoenix ISR operation is estimated to have a stand-alone base case
pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%,
initial pre-production capital expenditures of $322.5 million, and
industry leading average operating costs of US$3.33/lb
U<font style="font-size: 70%; vertical-align: bottom">3</font>O<font style="font-size: 70%; vertical-align: bottom">8</font>.
The PFS is prepared on a project (100% ownership) and pre-tax
basis, as each of the partners to the Wheeler River Joint Venture
are subject to different tax and other obligations.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Arial; font-size: 12px">
Further details regarding the PFS, including additional scientific
and technical information, as well as after-tax results
attributable to Denison's ownership interest, are described in
greater detail in the NI 43-101 Technical Report titled
"Pre-feasibility Study for the Wheeler River Uranium Project,
Saskatchewan, Canada" dated October 30, 2018 with an effective date
of September 24, 2018. A copy of this report is available on
Denison's website and under its profile on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov/edgar.shtml.</font></div>
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<font style="font-weight: bold; font-style: italic; font-family: Arial; font-size: 12px">
About Denison</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Arial; font-size: 12px">
Denison is a uranium exploration and development company with
interests focused in the Athabasca Basin region of northern
Saskatchewan, Canada. In addition to the Wheeler River project,
Denison's Athabasca Basin exploration portfolio consists of
numerous projects covering over 250,000 hectares. Denison's
interests in the Athabasca Basin also include a 22.5% ownership
interest in the McClean Lake joint venture ("MLJV"), which includes
several uranium deposits and the McClean Lake uranium mill, which
is currently processing ore from the Cigar Lake mine under a toll
milling agreement, plus a 25.17% interest in the Midwest and
Midwest A deposits, and a 66.57% interest in the J Zone and Huskie
deposits on the Waterbury Lake property. Each of Midwest, Midwest
A, J Zone and Huskie are located within 20 kilometres of the
McClean Lake mill.</font></div>
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<font style="font-style: italic; font-family: Arial; font-size: 12px">
Denison is also engaged in mine decommissioning and environmental
services through its Closed Mines group (formerly Denison
Environmental Services), which manages Denison's Elliot Lake
reclamation projects and provides post-closure mine care and
maintenance services to a variety of industry and government
clients.</font></div>
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<font style="font-style: italic; font-family: Arial; font-size: 12px">
Denison is also the manager of Uranium Participation Corp., a
publicly traded company which invests in uranium oxide and uranium
hexafluoride.</font></div>
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For more information, please contact</font></div>
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<font style="font-style: italic; font-family: Arial; font-size: 12px">
The results and interpretations contained in this release related
to the hydrogeological model for Phoenix were prepared by Mr. Errol
Lawrence, PG (Senior Hydrogeologist), and Mr. Aaron Payne, PG
(Senior Hydrogeologist), at Petrotek, each of whom is an
independent Qualified Person in accordance with the requirements of
NI 43-101.</font></div>
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In particular, this news release contains forward-looking
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the 2020 Field Test, including its intended scope and timing,
objectives and evaluation interpretations; the duration and scope
of impacts of the COVID-19 pandemic and affiliated operational
adjustments; the current and continued use and availability of
third party technologies for testing; the results of the PFS and
expectations with respect thereto; development and expansion plans
and objectives, including plans for a feasibility study; and
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measured or indicated mineral resources will ever be converted into
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assume that all or any part of an inferred mineral resource exists,
or is economically or legally mineable. In addition, the terms
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reserve" for the purposes of NI 43-101 differ from the definitions
and allowable usage in Industry Guide 7. Effective February 2019,
the SEC adopted amendments to its disclosure rules to modernize the
mineral property disclosure requirements for issuers whose
securities are registered with the SEC under the Exchange Act and
as a result, the SEC now recognizes estimates of "measured mineral
resources", "indicated mineral resources" and "inferred mineral
resources". In addition, the SEC has amended its definitions of
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"substantially similar" to the corresponding definitions under the
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BBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
