Denison Mines Corp. has granted Strateco the option to earn up to a 60% interest in Denison's Jasper Lake property in the eastern Athabasca Basin of Saskatchewan. According to its agreement with Denison, Strateco may earn an initial 49% interest in the property by incurring exploration expenditures of CAD 4,000,000 and paying CAD 1,000,000 to Denison by December 31, 2016.

Subsequently, Strateco may earn an additional 11% interest in the property by incurring additional exploration expenditures of CAD 8,000,000 and paying an additional CAD 2,000,000 to Denison by December 31, 2019. Strateco will be the operator while earning in.