Denison is a uranium exploration and development company with interests in exploration and development projects in Canada, Zambia, Namibia, and Mongolia. Including the high grade Phoenix deposits, located on its 60% owned Wheeler project, Denison's exploration project portfolio includes 49 projects and totals approximately 603,000 hectares in the Eastern Athabasca Basin region of Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, one of the world's largest uranium processing facilities, plus a 25.17% interest in the Midwest deposit and a 60% interest in the J-Zone deposit on the Waterbury property. Both the Midwest and J-Zone deposits are located within 20 kilometres of the McClean Lake mill. Internationally, Denison owns 100% of the conventional heap leach Mutanga project in Zambia, an approximate 71% interest in the newly acquired Dome project in Namibia, and an 85% interest in the in-situ recovery projects held by the Gurvan Saihan joint venture in Mongolia.
Rio Tinto may be particularly interested in Denison....
Rio Tinto Group (RIO)may be particularly interested in Denison, which bought a 60 percent stake in the Waterbury Lake uranium project last year, David Sadowski, a Vancouver-based analyst at Raymond James, said in a phone interview. The purchase is the western extension of the Roughrider project that Rio Tinto gained from its takeover of Hathor Exploration Ltd. two years ago, he said.
?If you?re Rio Tinto, you just bought a bunch of pounds in the Athabasca Basin and you?ve got nowhere to process those pounds. Why not buy Denison right now?? Sadowski said. ?Not only would you be getting a huge package of really strategic ground, but you?re also getting a stake in the mill to process all those resources.?
Sophia Shane, a spokeswoman for Toronto-based Denison, didn?t immediately return a request for comment. Illtud Harri, a spokesman for London-based Rio Tinto, said the company doesn?t comment on speculation. The mining conglomerate had a market value of 67 billion pounds ($112 billion) yesterday.
Denison Announces High Grade Uranium Intersections at the Phoenix Deposit
TORONTO, ONTARIO--(Marketwired - Feb. 26, 2014) -Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) ("Denison" or the "Company") is pleased to provide an update on uranium exploration activities at several properties in the Athabasca Basin in northern Saskatchewan. Highlights of the program include high grade intersections at Zone A of the Phoenix deposit, including 29.6% eU3O8 over 6.5 metres in WR-548. Phoenix is located on the Wheeler River property which lies between the McArthur River Mine and Key Lake mill complex in the Athabasca Basin in northern Saskatchewan. Denison is the operator and holds a 60% interest in the project. Cameco Corporation holds a 30% interest and JCU (Canada) Exploration Company, Limited holds the remaining 10% interest.
ich bin die woche auch wieder neu eingestiegen. 2014 hatte ich Denison auch schon im depot zu den gleichen kaufkurs. habe sie damals aber nach einigen wochen wieder verkauft. jetzt werde ich versuchen den uranaufstieg mitzunehmen und Denison längerfristig im Depot halten. ich denke das so richtig schwung im Uranmarkt erst 2. Hälfte 2017 kommt.
zumal ich noch aus alten Tagen einen um 90% geschrumpften Bestand habe. Aber mir gefällt im Moment Cameco einfach besser. Die produzieren richtig und haben im dritten Quartal vor allem Geld verdient und sind Cash positiv gewesen, von allem ist mir Denison einfach zu weit weg. Denison ist mir noch zu viel Explorer.