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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...

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. Share Article 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 R...

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 ...

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 f...

Sierra Metals (TSX:SMT) Here’s a look at those companies and the factors that moved their share prices last week. 1. Marimaca Copper Marimaca Copper’s company name aligns with its flagship development asset in Chile, the Marimaca project, which is one of the largest copper discoveries in Northern Chile. Last Thursday (April 22), the company announced the definition of a new, large-scale copper geochemical anomaly at the Roble target, which it plans to drill test over the coming months. Marimaca saw its share price go up by 25.39 percent last week to reach C$5.63. 2. CNOOC CNOOC is the lar...