news reports. Denison has other mines in Arizona that are going through the permitting process which would be part of the merger. The Globe and Mail reports that "Denison will receive roughly $106-million worth of Energy Fuels's stock in return for the assets. As a result, Denison will own about two-thirds of Energy Fuels following the transaction."
My sources tell me the idea of the merger only started five weeks ago. [Right, Denison's mine, proposed mine, and other uranium prospects in norther Arizona]