Published on Sunday Oct 17 2010
Australian Junior Uranium miner White Canyon Uranium (ASX-WCU)Ltd says Canada's Denison Mines Corp has agreed to handle the sale of concentrate from its Daneros mine in the United States.
Shares in White Canyon surged 1.8 cents, or 24 per cent, to 9.3 cents.
"It is anticipated that sales could commence as early as December," White Canyon said in a statement on Friday.
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"Denison's White Mesa Mill is expected to commence toll milling of the company's ore in coming weeks with an expected yield in excess of 200,000 pounds of uranium oxide."
Perth-based White Canyon, which is listed on the TSX Venture Exchange as well as the Australian bourse, began mining ore at Daneros in 2009 after receiving the first mining permit issued in the US state of Utah in 30 years.
Denison Mines is a mid-tier uranium producer that operates the only uranium/vanadium mill in the US near the city of Blanding, Utah.
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Great Junior Producer and in the Unitec States too :). Buy all you can.
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