Orano Canada And Denison Announce Joint Venture Approval To Restart McClean Lake Mining Operations; Mining Is Planned To Commence At The McClean North Deposit In 2025; The Approved Budget For This Work In 2024 Is $7M
Portfolio Pulse from Benzinga Newsdesk
Orano Canada and Denison Mines Corp have received joint venture approval to restart mining operations at McClean Lake, with mining planned to commence at the McClean North deposit in 2025. The approved budget for the work in 2024 is $7 million.
January 24, 2024 | 11:39 am
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Denison Mines Corp, represented by the symbol DNN, is part of a joint venture that has received approval to restart mining operations at McClean Lake, with plans to begin mining at the McClean North deposit in 2025 and a budget of $7 million for 2024.
The approval to restart mining operations at McClean Lake is a significant positive development for Denison Mines Corp, indicating potential future revenue growth and increased business activity. The news is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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