Denison moves to lock down 100% of Wheeler River project May 4, 2021 Wheeler River could become Canada’s first in-situ recovery uranium mine. (Image courtesy of Denison Mines) Denison (TSX: DML) announced on Tuesday that it has delivered an offer to Overseas Uranium Resources Development to acquire a 100% interest in its subsidiary JCU (Canada) Exploration Company for $40.5 million in cash, more than tripling the $12.5 million accepted offer in place with UEX Corp. (TSX: UEX) announced the week before last. JCU’s assets include 10% ownership in Denison’s flagship Wheeler River project (which DML owns the remaining 90%) in the southeast part of Saskatchewan’s Athabasca Basin.