COMPANIES

Fission reels in Chinese group

Only two months after a merger with Lukas Lundin’s Denison Mines fell over, Fission Uranium has signed a binding letter of intent with CGN Mining, which could effectively see one of China’s biggest utilities gain a 19.9% stake in one of the highest grade uranium deposits in the world.

Triple R is already the Athabasca Basin’s third largest deposit

Triple R is already the Athabasca Basin’s third largest deposit

Agreeing to invest C$82 million (US$59 million) at C$0.85/share for the stake, the China General Nuclear Power-controlled company is also in discussions over a potential off-take agreement for product...

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