The Atomic Energy Control Board (AECB) has approved construction of the tailings storage plant at the McClean Lake uranium project in northern Saskatchewan.
McClean Lake, which has a minable reserve of 720,000 tonnes grading 3.15% U3O8, is scheduled to begin production in early 1999. The project faces a final hurdle in early November, when the AECB delivers a final ruling on the mine’s operating licence. In the meantime, construction has begun on the tailings impoundment, which is expected to be finished in mid-November.
Cogema has a 70% interest in the property, near Wollaston Lake. The remaining shares are held by OURD Canada, with 7.5% and Denison Mines (DEN-T), with 22.5%
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