Uranium developer Denison options Saskatchewan lithium brine

[Oscar]

Uranium developer Denison options Saskatchewan lithium brine project
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https://www.northernminer.com/news/uran ... 003862818/ ]

Blair McBride - January 16, 2024

Uranium-focused Denison Mines (TSX: DML; NYSE: DNN) and lithium explorer Grounded Lithium (TSXV: GRD; US-OTC: GRDAF) have signed a deal that bets on low-cost extraction methods in Saskatchewan.

The agreement gives Denison the option to earn up to a 75% interest in Grounded’s Kindersley lithium brine project in western Saskatchewan, the companies said in a joint news release on Tuesday. Denison, focused on uranium further north in the Athabasca Basin will pay up to $15.1 million for the interest, in cash payments of up to $3.1 million. It will also fund project costs of up to $12 million through an earn-in option. . . . ."

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