Uranium Revival: Denison Mines Resumes Operations At McClean Lake As Prices Soar

© Reuters. Uranium Revival: Denison Mines Resumes Operations At McClean Lake As Prices Soar Benzinga – by Stjepan Kalinic, Benzinga Staff Writer.

Denison Mines (AMEX:DNN) and joint venture partner Orano Canada have announced the resumption of operations at the McClean Lake uranium mine in northern Saskatchewan, Canada. The decision to restart the McClean Lake Joint Venture (MLJV) comes after a hiatus since 2008, when weak uranium prices led to the suspension of operations.

“The restart of uranium mining at McClean Lake is a notable milestone for the MLJV and Denison,” said Denison’s President and CEO David Cates , whose company owns a 22.5% interest in the venture.

Orano Canada, which has the major 77.5% stake, is a subsidiary of the second-largest global uranium miner, Orano SA, majority-owned by the French state.Two partners have strategically invested in a proprietary mining method called Surface Access Borehole Resource Extraction (SABRE). This innovative technique, patented […]

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