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Denison teams up with UEX for JCU acquisition

Denison Mines has teamed up with fellow uranium player UEX to acquire 50% of JCU Exploration for C$20.5 million. The two companies had previously made separate offers for JCU, which holds interests in early-stage uranium assets in Canada’s Athabasca Basin.

Denison teams up with UEX for JCU acquisition Denison teams up with UEX for JCU acquisition Denison teams up with UEX for JCU acquisition Denison teams up with UEX for JCU acquisition Denison teams up with UEX for JCU acquisition

Denision Mines' Wheelr River project in Canada's Athabasca Basin in Saskatchewan

Denison agreed to provide UEX with an interest-free three-month loan of up to $41 million to facilitate closing the JCU acquisition from Overseas Uranium Resources Development (OURD). Of this, $20.