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Free Article Limit Reached - The Northern Miner

Free Article Limit Reached - The Northern Miner
northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.

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Denison and UEX hash out $40.5M joint ownership deal for JCU - Canadian Mining Journal

Denison and UEX hash out $40.5M joint ownership deal for JCU - Canadian Mining Journal
canadianminingjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canadianminingjournal.com Daily Mail and Mail on Sunday newspapers.

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Denison bids for JCU (Canada) Exploration - The Northern Miner

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. ....

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Denison Mines offers to buy JCU (Canada) Exploration

05 May 2021 (Last Updated May 5th, 2021 11:53)
Denison Mines has made an offer to acquire a 100% stake in JCU (Canada) Exploration Company, shortly after UEX signed a deal to purchase the business.
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Denison Mines has made an offer to acquire a 100% stake in JCU (Canada) Exploration Company, shortly after UEX signed a deal to purchase the business.
JCU is a unit of Overseas Uranium Resources Development (OURD).
It owns uranium project joint venture (JV) interests in Canada. This includes a 10% stake in Denison’s 90%-owned Wheeler River uranium project in Saskatchewan.
The offer from the uranium mine developer includes $32.9m (C$40.5m) in cash for JCU and the assumption of outstanding liabilities of JCU owed to the Japan Atomic Energy Agency. ....

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Why Denison Mines Stock Jumped 11% Today

Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of Canadian uranium exploration, development, and production company
Denison Mines (NYSEMKT:DNN) jumped double digits today after the company made an offer to buy JCU Exploration. Denison shares closed today s session 11% higher. ....

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