June 13, 2021 UEX Corporation North Vancouver, BC V7H 2W9 Attention: Roger LemaitreLetter Agreement • June 24th, 2021 • Denison Mines Corp. • Miscellaneous metal ores • British Columbia
This letter of agreement (“Letter Agreement”) set outs the terms of a transaction (the “Transaction”) pursuant to which Denison Mines Corp. (“Denison”) agrees to (i) finance the acquisition (the “JCU Acquisition”) by UEX Corporation (“UEX”) of all of the issued and outstanding common shares of JCU (the “JCU Shares”) pursuant to a purchase and sale agreement dated April 22, 2021, as amended (the “OURD Agreement”) with Overseas Uranium Resources Development Co., Ltd. (“OURD”) and (ii) immediately thereafter acquire 50% of such JCU Shares from UEX. Denison and UEX are collectively referred to in this Letter Agreement as the “Parties”.
