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Denison Mines (CN:DML) and Anglo Pacific Group (LN:APF) have signed a pact that will allow the former to keep advancing its 60%-owned Wheeler River uranium project and give the latter exposure to one of the world’s highest-grade deposits.
Denison’s 22.5% interest in the McClean Lake mill is key to the deal (photo: Canadian Nuclear Safety Commission)
The two have signed a complex agreement that will provide Denison with C$43.5 million (US$33.3 million) of cash to bring Wheeler River in the Athabasca Basin of Canada to a development decision.
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