Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Metals & Mining Industrial Metals & Minerals

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.

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Denison Mines Corp

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Comment by kjk3on Aug 27, 2013 1:05pm

455 Views

Post# 21701032

RE:RE:Sad

I think what a lot of people are forgetting (or at least not paying enough attention to) is the 22.5% ownership stake that DML has in the Mclean Lake mill. This is a very startegic asset. It is the newest and most technolgically advanced uranium mill in the world. And is the only mill in the Athabasca Basin that can process the high grade Cigar Lake ores without down blending. I would think Cameco would love to have a stake in that mill as would Rio. Or maybe Areava would like to own as close to 100% of it as possible (they already own 70%).
Obviously it the high grade ore that is most important, but don't discount the importance of owning a mill that can process that ore.

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