UEX - Wheeler River Project.
Wheeler River Project.
Source: Denison Mines.
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  • UEX (UEX) partner Denison Mines (DML) has received provincial approval for an in-situ recovery feasibility field test at the Wheeler River joint venture in Saskatchewan
  • The approval covers pollution control and mineral extraction management
  • JCU (Canada) Exploration Company owns 10 per cent of the joint venture, while UEX owns 50 per cent of JCU
  • UEX and Denison are uranium exploration and development companies with interests focused in Saskatchewan’s Athabasca Basin
  • Denison Mines (DML) is down by 0.73 per cent trading at $1.36 per share
  • UEX (UEX) is down by 2.82 per cent trading at $0.345 per share

UEX (UEX) partner Denison Mines (DML) will conduct a feasibility field test at the Wheeler River joint venture.

Wheeler is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin with probable mineral reserves of 109.4M lbs. U3O8.

Denison, which operates the joint venture, will conduct the test on the property’s Phoenix Deposit.

The approval authorizes the operation of pollutant control facilities and the management of material recovered from mineral extraction through to waste water treatment, discharge and storage.

Denison expects to receive a Nuclear Substance License before completing site preparation and commissioning activities.

JCU (Canada) Exploration Company owns 10 per cent of the joint venture while Denison owns 90 per cent. UEX owns 50 per cent of JCU.

UEX and Denison are uranium exploration and development companies with interests focused in Saskatchewan’s Athabasca Basin.

Denison Mines (DML) is down by 0.73 per cent trading at $1.36 per share as of 11:46 am EST.

UEX (UEX) is down by 2.82 per cent trading at $0.345 per share as of 11:42 am EST.

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