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Denison and AngloPac in uranium deal

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 and AngloPac in uranium deal Denison and AngloPac in uranium deal Denison and AngloPac in uranium deal Denison and AngloPac in uranium deal Denison and AngloPac in uranium deal

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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