Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company.
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.