Posted in | Uranium | Mining Business

Denison Mines Sends Compulsory Acquisition Notice to White Canyon Uranium

Denison Mines Corporation sent the White Canyon Uranium Company a compulsory acquisition notice. Denison Mines already holds 97% of Perth based White Canyon and will acquire the remaining 3% shortly.

White Canyon operates multiple mining claims in North American and is one of few companies in the US which has moved from exploration to production of uranium at its Daneros Mine.

White Canyon's principle assets are located in southeastern Utah, close to Denison's White Mesa mill. Its assets comprise 100% interests in the advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects, covering approximately 15,500 acres in the Red Canyon district.

Chief Executive Ron Hochstein of Toronto listed Denison Mines said that he was frustrated by the US government’s ban on mining in the one million acre land surrounding the Grand Canyon. He added that out of four projects that the company had in the region the ban would not affect three of the Arizona Strip projects.

Hochstein added that if for some reason this withdrawal impacts our development of EZ, that is something that will definitely impact their production, probably within the next 5-10 years. As of now Denison Mines produces 200,000 to 300,000 pounds of uranium a year.

He added that the environmental study conducted by the Interior Department had shown no significant current or future negative impact from mining in the area.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Denison Mines Sends Compulsory Acquisition Notice to White Canyon Uranium. AZoMining. Retrieved on October 23, 2019 from https://www.azomining.com/News.aspx?newsID=4327.

  • MLA

    Scanlon, Joel. "Denison Mines Sends Compulsory Acquisition Notice to White Canyon Uranium". AZoMining. 23 October 2019. <https://www.azomining.com/News.aspx?newsID=4327>.

  • Chicago

    Scanlon, Joel. "Denison Mines Sends Compulsory Acquisition Notice to White Canyon Uranium". AZoMining. https://www.azomining.com/News.aspx?newsID=4327. (accessed October 23, 2019).

  • Harvard

    Scanlon, Joel. 2019. Denison Mines Sends Compulsory Acquisition Notice to White Canyon Uranium. AZoMining, viewed 23 October 2019, https://www.azomining.com/News.aspx?newsID=4327.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit