URANIUM: McClean Lake granted 10-year licence renewal

[caption id="attachment_1003719067" align="aligncenter" width="627"] The McClean Lake uranium mill. (Credit: Areva Resources Canada)[/caption] SASKATCHEWAN – The Canadian Nuclear Safety Commission has granted a 10-year extension to the operating licence of the McClean Lake uranium mine and mill  in the eastern part of the Athabasca Basin, 750 km north of Saskatoon. The mine is a joint venture of Areva Resources Canada (70%), Denison Mines (22.5%), and OURD Canada (7.5%). It is operated by Areva. The McClean Lake mill also treats ore from the Cigar Lake mine. The McClean Lake mill is one of the most technologically advanced in the world. It can treat very high grade uranium ore without dilution. The facility is licensed to increase its capacity to 24 million lb. of uranium oxide annually, 18 million lb. of which will come from Cigar Lake ore. Other potential mines – such as Wheeler River – could also toll their ores at McClean Lake. More information about McClean Lake can be obtained at either www.DenisonMines.com or www.ArevaResources.ca.