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Thu, Mar. 20, 10:24 AM
- Denison Mines (DNN +7.4%) signs a letter of intent to acquire uranium assets from International Enexco (IEXCF); DNN would buy all of Enexco's shares but spin off the copper assets, which will become part of a newly formed company.
- Enexco's principal uranium assets include a 30% stake in the Mann Lake exploration project and a 20% stake in the Bachman Lake joint venture in Saskatchewan.
- Also, DNN says it intersected high grade uranium mineralization at a new target area near the Phoenix deposit at Wheeler River in Saskatchewan; DNN is the operator and holds a 60% interest in the project, while Cameco (CCJ) holds a 30% stake.
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IEXCF vs. ETF Alternatives
International Enexco, Limited is a North American exploration and development company focused on the feasibility stage, 100% owned, Contact Copper project in northern Nevada and the Mann Lake and Bachman Lake uranium projects located in Saskatchewan's prolific Athabasca Basin. The Mann Lake... More
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