C$10.3m approved to advance of Wheeler River uranium project

Spurred on by the positive results of its prefeasibility study (PFS) for the Wheeler River project, Canadian uranium company Denison Mines on Tuesday announced that C$10.3-million would be spent on advancing the Athabasca basin project in 2019. The budget, approved by the Wheeler River joint venture in which Denison has 90% ownership, will be used to initiate the environmental assessment process, as well as engineering studies and related programmes required to advance the high-grade Phoenix deposit as an in-situ recovery (ISR) mining operation.