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AREVA Receives McClean Lake Operation License Amendment from CNSC

Press Release

January 09, 2013

SASKATOON, Saskatchewan, January 9, 2013 – AREVA Resources Canada Inc. has received a license amendment for its McClean Lake operation in northern Saskatchewan from the Canadian Nuclear Safety Commission’s (CNSC) allowing for processing of high-grade ore from the Cigar Lake mine, expected to begin operations later this year.

This CNSC decision announced on Dec. 20, allows AREVA to operate the receiving and milling circuits for high-grade ore and increase the annual capacity of the McClean Lake mill to 13 million pounds (5,900 tonnes) of uranium concentrate. It also allows AREVA to receive and process ore from the McArthur River mine should it decide to pursue this contingency.

“With this license, AREVA is another step closer to meeting its objective of re-starting the McClean Lake mill and processing Cigar Lake ore later this year. Through the upgrade and expansion of the McClean Lake mill, AREVA and its partners are investing in Saskatchewan’s economic future,” said Vincent Martin, President and CEO of AREVA Resources Canada Inc.

Construction on the first phase of the McClean Lake expansion to bring annual production capacity to 24 million pounds (10,900 tonnes) of uranium concentrate began last summer; the second phase, which is currently undergoing regulatory approval, is scheduled to begin this summer. The McClean Lake partners include AREVA, Denison Mines Corp., and OURD (Canada) Co. Ltd.

Contacts

Jarret Adams
Phone: +1 (306) 343-4637
Email: jarret.adams@areva.com



Véronique Larlham
Phone: +1 (306) 343-4503
Email: veronique.larlham@areva.com

More About AREVA

AREVA in North America (AREVA Inc.) combines U.S. and Canadian leadership to supply high added-value products and services to support the operation of the commercial nuclear fleet. Globally, AREVA is present throughout the entire nuclear cycle, from uranium mining to used fuel recycling, including nuclear reactor primary circuit design and fabrication, and operating fleet engineering and services. AREVA is recognized by utilities around the world for its expertise, its skills in cutting-edge technologies, and its dedication to the highest level of safety. AREVA Inc.’s 4,100 employees are helping build tomorrow’s energy model: supplying ever safer, cleaner and more economical energy to the greatest number of people.

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