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Now that the deal is officially dead, he hopes investors will start to give it a closer look. Randhawa thinks the PEA was largely ignored because it came out during the Denison merger drama. Prices have been stuck in a rut since the Fukushima nuclear disaster in March 2011. The Index is designed to track the performance of companies that devote at least 50 of their assets to the uranium mining industry, which may include. The operating cost was estimated at US$14.02 a pound, meaning it would be profitable at current low uranium prices (US$38.50 a pound).
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It envisioned a US$1.1-billion mine that would produce an average of 7.2 million ounces of uranium a year over a 14-year mine life. Last month, Fission released a preliminary economic assessment (PEA) on PLS. Standard Uranium (TSX.V: STND) is a Canadian uranium exploration company focused on its Davidson River flagship project in the SW Athabasca Uranium. His focus now will be on promoting the PLS project around the world, and hopefully drawing a strategic investor that can commit capital to support future drilling. (Reuters) - Denison Mines Corp on Monday agreed to buy competitor Fission Uranium Corp for around C483 million (381.97 million), creating a diversified Canadian uranium company with projects centered on the Northern Saskatchewan region. This advertisement has not loaded yet, but your article continues below. The combined company, to be named Denison Energy Corp, will have a market value of around C900 million and be equally owned by Denisons and Fissions shareholders, the two companies said in a statement.