Glencore has offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.
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.