Denison Mines rises after Cosa Resources buys stakes in its uranium projects

Denison Mines

27/11/2024 15:44

** Shares of uranium miner Denison Mines  DML.TO  rise 3.7%
to C$3.33
    ** Co to form three uranium exploration joint ventures in
the eastern portion of the Athabasca Basin region in northern
Saskatchewan with Cosa Resources  COSA.V  
    ** Cosa to acquire a 70% interest in DML's Murphy Lake
North, Darby and Packrat properties
    ** Denison to receive 14.2 mln Cosa common shares
    ** Cosa to fund C$5 mln exploration on Darby by June 2029
and C$1.5 mln exploration on Murphy Lake North by December 2027
    ** Including session's moves, stock up 43.5% YTD
    
($1 = 1.4048 Canadian dollars)

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))