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Denison Mines says uranium price near bottom

Thu Feb 28, 2008 1:32pm EST

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TORONTO, Feb 28 (Reuters) - Uranium prices are near the bottom of their current price cycle, the chief financial officer of Denison Mines Corp (DML.TO) said on Thursday.

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Commenting on a plan by Uranium Participation Corp (U.TO) to purchase 900,000 pounds of uranium, James Anderson, who is also chief financial officer of Uranium Participation, told Reuters: "It would be our view that we are at or near the bottom of the price cycle." (Reporting by Jonathan Spicer; Editing by Peter Galloway)

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