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White Canyon Uranium Limited (CVE:WU,ASX:WCU) reports that it has entered into a short term loan agreement with Denison Mines Inc. (TSE:DML,AMEX:DNN) for $750,000 secured by a portion of White Canyon’s recent production inventory of U3O8 yellowcake.
White Canyon Uranium Limited (TSXV:WU,ASX:WCU) reports that it has entered into a short term loan agreement with Denison Mines Inc. (TSX:DML,AMEX:DNN) for $750,000 secured by a portion of White Canyon’s recent production inventory of U3O8 yellowcake.
The press release is quoted as saying:
The full loan amount has been advanced to the Company and will be paid from the proceeds of White Canyon’s U3O8 as the product is sold by Denison under its sales agency agreement with White Canyon.
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