M&A / Property
Denison closes formation of four JVs with Skyharbour

DML · Price
Executive Summary
- Denison Mines Corp. has closed its previously announced transaction with Skyharbour Resources Ltd., resulting in the formation of four new prospective exploration joint ventures.
- These joint ventures consist of claims previously held by Skyharbour’s Russell Lake uranium project, located directly adjacent to Denison’s flagship Wheeler River project.
- The arrangement includes specific operator roles, ownership percentages, and option agreements allowing Denison to increase its stake in two of the ventures.
Key Details
- Transaction Closure: The transaction with Skyharbour Resources Ltd. has been officially closed.
- Joint Venture Formation: Four new joint ventures were formed from Skyharbour's Russell Lake uranium project claims:
- Wheeler North: Denison owns 49% and serves as operator.
- Wheeler River Inliers: Denison owns 70% and serves as operator.
- Russell Lake (RL): Skyharbour serves as operator; Denison owns 20%.
- Getty East: Skyharbour serves as operator; Denison owns 30%.
- Option Agreements: Denison holds options to increase its ownership interest in the Wheeler North and Getty East joint ventures to up to 70%.
- Strategic Purpose: The joint ventures are designed to drive collaboration between Denison and Skyharbour’s technical teams to accelerate the evaluation of exploration ground adjacent to and proximal to the Wheeler River project.
Notable Quotes
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Jul 28, 2026 · 06:30