Later this summer Denison will undertake a study requiring the collection of deposit-specific information and complete preliminary engineering studies.
World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.
Saudi Arabia has spent more than $37 million since 2017 searching for deposits but only managed to identify reserves that would be “severely uneconomic” to mine.
Proceeds will be used to fund rehabilitation related to Energy Resources's Ranger uranium mine in the Northern Territory and repay a loan from Rio Tinto.