Denison bids for JCU (Canada) Exploration
Denison Mines’ Wheeler River uranium project in northern Saskatchewan’s Athabasca basin. Credit: Denison Mines.
Posted By: Trish Saywell
May 4, 2021
Denison Mines (TSX: DML; NYSE-AM: DNN) is offering to buy JCU (Canada) Exploration Company, a wholly owned subsidiary of Overseas Uranium Resources Development Company Ltd., for cash payments of up to $40.5 million in three instalments and the assumption of JCU’s liabilities.
JCU (Canada) Exploration Company holds a 10% stake in Denison’s 90%-owned Wheeler River project, which Denison describes as the largest undeveloped uranium project in the eastern portion of northern Saskatchewan’s Athabasca Basin.