UEX Corporation: Wheeler River JV Completes Successful 2021 Phoenix ISR Field Testing Program

Saskatoon, Saskatchewan – TheNewswire – October 29, 2021 – UEX Corporation (TSX:UEX) (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that its 50% owned subsidiary, JCU (Canada) Exploration Company, Limited (“JCU”) and Denison Mines Corp. (“Denison”) have completed a successful 2021 In-Situ Recovery (“ISR”) Field Test Program. The program was completed within the commercial-scale ISR test pattern installed in the Phase 1 area of the high-grade Phoenix uranium deposit on the Wheeler River Project.

The Wheeler River Joint Venture is 10% owned by JCU and 90% by Denison, who is the operator of the WRJV. JCU is 50% owned by UEX and 50% by Denison, and is operated by UEX.

The 2021 ISR test program was able to measure production flow-rates between drill holes, confirm hydraulic control of injected solution during the ion tracer tests, determine breakthrough times between wells, and demonstrate the ability to remediate the test well pattern. […]

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