Denison Mines Corp., has signed an agreement with Pathfinder Mines Corp., a subsidiary of AREVA, to aquire 5 uranium deposits in the Arizona Strip for $5.5 million USD and a 1% royalty.
The historical resource estimates at the Pathfinder deposits total 1.3 million tons of an average grade .28% U3O8, containing an estimated 1.3 million pounds of U3O8 according to Denison.
The deposits are reasonably close to Denison's White Mesa Mill near its Arizona Strip mines. This should really step up production in this area. Consolidation continues and I love Denison and SXR as time goes on.
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_unv1WkBPOJ7AeghH2k-94R17JHaEqwbWAxcsvwrnHdPg3SwhxoH4irlv9Z-oCqhzlsLd-EJ27ksL25l5k5dYWfzPyCVfpxF9G9EEPtQrNmBliRrMfpzXFWF8iFlyRvNY3Ekw=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t5WgHiHJ2N73HxPDu27h5EDr7TSkUpJr-P9PYI_LpWVHgwSQ_RvJl3Zx7Kv1e50TKsS-vgCvd317LuC9JqgjzPlW477hzSnKiznl1oW3zI7iVg7wjvYDQU5dFHryBiVVDW42va=s0-d)
No comments:
Post a Comment