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
