The best way to make money as a mining investor is by owning a company that has exploration success, or being on the right side of commodity price moves. Last year, NexGen Energy (NXE-TSXV) delivered us 95% share price increases thanks to their Athabasca Basin uranium discovery, Arrow. But we’re holding out for a bigger… Continue Reading
The Athabasca Basin is back in play after a planned merger between Denison Mines and Fission Uranium fizzled, the companies announced this morning. Two-thirds approval was required from Fission shareholders but they shot down the much-criticized all-share deal, which had dragged down the stocks of both companies since it was announced July 6. News release:… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
Dension Mines (DML.T), one of the most widely followed names in the uranium space, is out with more assays from the Gryphon zone at the Wheeler River property, located in the Athabasca basin of Saskatchewan. The Athabasca basin is known as the best place in the world to find uranium deposits. The Wheeler River project… Continue Reading
This morning on BNN’s Commodities with Andrew Bell, Dave Talbot who is Dundee’s uranium expert, spoke about the recent strength in the uranium spot market (click image above). The spot price for uranium is up over 30% from ~$28 per pound in June/July to $36.50 this week. Mr. Talbot believes the strength is overdone given that he… Continue Reading
With most of the recent excitement in the uranium exploration space being focused on the new discoveries in the southwest part of the Athabasca Basin, including Arrow (NexGen Energy) and PLS (Fission), Lukas Lundin’s Denison Mines (DML:TSX) has made a new high-grade uranium discovery known as the Gryphon Zone at their Wheeler River project on the historic… Continue Reading
With most of the focus in the uranium exploration business currently focused on the west side of the Athabasca basin, specifically in the Patterson Lake South area, Denison Mines (DML:TSX) and others have been developing their high-grade projects on the eastern part of the basin. This morning, the Lundin Group company, Denison, announced an updated… Continue Reading
Over the past few days we have seen a number of companies either continue to drill ‘best-to-date’ holes (Fission, NexGen) or begin their winter drill campaigns in Saskatchewan’s world-class uranium basin. Add to that, the recent takeover bid from Denison (DML:TSX) of International Enexco (IEC:TSXV) and you have one area of the exploration sector that continues to heat… Continue Reading
The small cap uranium explorer, International Enexco (IEC:TSXV), announced today that it has agreed to be acquired by Lukas Lundin’s Denison Mines (DML:TSX) for shares. Denison already owns roughly 8.4% of the company and they are acquiring the remaining shares for 0.26 Denison shares. Based on Denison’s closing price of $1.77, this equates to ~$0.46 per IEC share, representing an 18%… Continue Reading
International Enexco (IEC:TSXV) has announced it has hit the thickest and highest grade hole to date at their Mann Lake project located in the eastside of the prolific Athabasca Uranium Basin. The ~$15 million market cap Enexco holds a 30% working interest and is partnered with two of the largest uranium producers in the world,… Continue Reading
Dension Mines (DML:TSX) is exploring and developing one of the best undeveloped uranium projects in the world, the Wheeler River project. This morning, the company released the latest batch of drill holes done at the project. The highlight hole encountered 6.5m of 29.61% U308 starting from 407m deep. Other highlights include 4.70m of 18.37% U308… Continue Reading
