Mega Uranium Ltd. (TSX:MGA) announced that it has entered into a non-binding farm in and joint venture term sheet with Cameco Australia Pty Ltd.

As quoted in the press release:

The Project, owned by Boxcut Mining Pty Ltd , a wholly owned subsidiary of Mega, immediately surrounds the lease containing the Kintyre uranium deposit, jointly owned by Cameco and Mitsubishi Development Pty Ltd .

To view the whole press release, click here.