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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:26 EDTDNN, FSSIFDenison Mines to acquire Fission Energy, spin out Patterson Lake
Denison Mines (DNN) announced the signing of a Binding Letter of Intent pursuant to which Denison will acquire a portfolio of uranium exploration projects from Fission Energy Corp. (FSSIF) including Fission's 60% interest in the Waterbury Lake uranium project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, its interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut. Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission being spun out to a new company to be held pro rata by current Fission shareholders. NewCo assets will include, among others, a 50% interest in the Patterson Lake South property located in the western Athabasca Basin. The Transaction values the Assets at approximately $70M based on the closing price of Denison as of January 15. Upon completion of the Transaction, shareholders of Fission will own approximately 11% of Denison.
News For DNN;FSSIF From The Last 14 Days
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October 9, 2014
08:14 EDTDNNCameco reports first uranium concentrate from Cigar Lake ore
Cameco (CCJ) announced last night that the McClean Lake mill has started producing uranium concentrate from ore mined at the Cigar Lake operation in northern Saskatchewan. The Cigar Lake mine is 50.025% owned by Cameco, while AREVA Resources Canada has a 37.1% stake, Idemitsu Canada Resources has a 7.875% stake and TEPCO Resources a 5.0% stake. The mine is operated by Cameco. The McClean Lake mill is owned by AREVA Resources Canada, with 70%, Denison Mines (DNN), with 22.5%, and OURD Canada, with 7.5%, and is operated by AREVA.

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