Denison Mines says uranium price near bottom
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: Quote, Profile, Research, Stock Buzz) said on Thursday.
Commenting on a plan by Uranium Participation Corp (U.TO: Quote, Profile, Research, Stock Buzz) 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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