The Kiggavik Uranium Mine Project in Nunavut, Canada, is jointly owned by three companies:
Urangesellschaft Canada Ltd. – 42.1848%
JCU (Canada) Exploration Co., Ltd. – 33.8118%
Orano Canada Inc. – 24.0034%
JCU (Canada) Exploration Co., Ltd. is jointly owned by Denison Mines (50%) and Uranium Energy Corp. (UEC) (50%). Previously, UEX Corporation held 50% of JCU, giving it an indirect 16.91% interest in Kiggavik.
On August 22, 2022, Uranium Energy Corp. (UEC) acquired UEX Corporation, thereby taking over UEX’s 50% ownership in JCU. As a result, JCU is now equally controlled by Denison Mines and UEC, with each company holding 50% of JCU and an indirect 16.91% interest in Kiggavik.