The company now plans to proceed with the compulsory acquisition of the remaining shares of White Canyon.
The key assets of White Canyon are located in southeastern Utah, US, near Denison’s White Mesa mill.
The company’s holdings comprise 100% interests in the advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects, covering about 15,500 acres in the Red Canyon district.
Denison president and CEO Ron Hochstein said the acquisition of White Canyon is a good strategic move for Denison because it provides additional flexibility for its White Mesa milling schedules, and adds to its resource inventory and exploration potential in a region of core focus.
