Uranium

Denison Mines Corp.(TSX:DML, NYSE MKT:DNN) announced that its wholly owned subsidiary, Denison Mines Inc., has entered into a new three year agreement to provide management services to Uranium Participation Corporation (TSX:U). The MSA will take effect on April 1, 2016, at the conclusion of the current MSA between UPC and Denison.

Denison Mines Corp.(TSX:DML, NYSE MKT:DNN) announced that its wholly owned subsidiary, Denison Mines Inc., has entered into a new three year agreement to provide management services to Uranium Participation Corporation (TSX:U). The MSA will take effect on April 1, 2016, at the conclusion of the current MSA between UPC and Denison.
Under the terms of the MSA:

UPC appoints Denison to act as the manager of the Corporation and grants the Manager the authority and responsibility to manage and administer the business and affairs of UPC, subject to the oversight and applicable approvals from the Board of Directors. The Manager is responsible for providing the Corporation with a Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”) and Corporate Secretary, as well as any other position necessary to carry out its responsibilities for the administration and oversight of UPC’s uranium inventories, as well as UPC’s financial reporting, investor relations and marketing activities.

According to David Cates, CEO of Denison:

Denison is very pleased to have reached an agreement with UPC to continue as the company’s Manager for another three years. We are proud of the relationship that Denison has nurtured with UPC, since UPC’s inception, and we look forward to continuing to represent UPC and the entire uranium industry in the coming years. We believe there is a bright future for nuclear energy and the uranium industry and we are honoured to act as a steward for both UPC and the industry.

Click here to view the full press release.

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