Business
Denison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Exploration Joint Ventures Proximal to Wheeler River
Denison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Explor...
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":"\n\n\nDenison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Exploration Joint Ventures Proximal to Wheeler River\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\nTORONTO, Dec. 17, 2025 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML; NYSE American: DNN) is pleased to announce that it has closed the previously announced transaction (the \"Transaction\") with Skyharbour Resources Ltd. (\"Skyharbour\") (TSX-V:SYH) (OTCQX: SYHBF), (Frankfurt:SC1P) and the formation of four joint ventures consisting of claims previously comprising Skyharbour's Russell Lake Uranium Project (\"Russell\"), which is located directly adjacent to Denison's flagship Wheeler River Project (\"Wheeler River\"). View PDF Version.\nThe new joint ventures are designed to drive collaboration between Denison and Skyharbour's technical teams and to accelerate the evaluation of the prospective exploration ground adjacent to and proximal to Wheeler River.  Denison will serve as the operator for the Wheeler North and Wheeler River Inliers joint ventures, with ownership interests of 49% and 70% respectively.  Skyharbour will serve as the operator for the Russell Lake (or \"RL\") and Getty East joint ventures, with Denison having ownership interests of 20% and 30%, respectively. \nIn addition, Denison and Skyharbour have entered into option agreements (the \"Earn-In Option Agreements\"), which allow Denison to increase its ownership interest in each of the Wheeler North and Getty East joint ventures to up to 70%.\nAbout Denison\nDenison is a leading uranium mining, development, and exploration company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. Denison has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.\nIn mid-2023, the Phoenix feasibility study was completed for the Phoenix deposit as an ISR...