Denison not selling coal, potash assets

Denison Mines’ (TSE) chief executive Helen Roman-Barber said the company “has not put its interests in Quintette Coal or Denison-Potacan Potash up for sale,” in response to media reports circulated last week. “Media reports quoting me as having said at Denison’s annual meeting that either Quintette or Denison-Potacan are now on the market are incorrect,” Roman- Barber said.

She said, however, that “Denison is prepared to sell non-core assets, if necessary, to raise cash to meet its financial obligations.”

The company is dealing with the prospect that its current oil and gas divestiture program may not provide it with sufficient funds to meet future financial obligations. But, she said Denison will not sell its remaining oil and gas properties “at a price that is below their fair value or on terms that are not satisfactory.”