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Denison Mines Corp T.DML

Alternate Symbol(s):  DNN

Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.


TSX:DML - Post by User

Bullboard Posts
Post by uranimanon May 08, 2008 12:41am
308 Views
Post# 15050022

Ah Ha.....I thought so

Ah Ha.....I thought so

India seeks new uranium sources


Published: May 7, 2008 at 6:16 PM
NEW DELHI, May 7 (UPI) -- A uranium shortage has India's nuclear plants running below capacity.

The government admitted the shortage along with declining profits only last week, the Times of India reported.

"Currently, there is a mismatch in the demand and supply of indigenous uranium. As a result, this capacity is being operated at lower power level, matching fuel supply," a government official said.

The shortage in uranium has led to declining profits for Nuclear Power Corp. of India, and many plants are operating at 40 percent capacity or less.

The Uranium Corp. of India Ltd. supplies the fuel to NPCIL, mainly sourced from the uranium ores in East Singbhum district of Jharkhand. Though UCIL could find some small reserves in Meghalaya and Andhra Pradesh, the mines at Singbhum are the main source.

"The government should take appropriate measures to ensure imports of the fuel," the official said.

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