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Canadian Penny Stocks in Play:
Denison Mines Corp.: announced that assays have been returned for the equivalent grade results announced on April 2, 2009. The assay results not only confirmed the equivalent down-hole probing results but significantly increased most grades. WR-267 previously reported equivalent grades of 15.5% eU3O8 over 2.9 metres from 408.2 metres. Split core assay grades from the same interval were 23.3% U3O8 over 3.0 metres from 405.0 metres. The drilling in 2008 and 2009 has been focused on a total strike length of 680 metres. Approximately half of this zone has not as yet been drill tested and is strongly mineralized at both its northeast and southwest extremities.
Denison Mines Corp. (TSX: DML | Quote | Chart | News | PowerRating) closed up $0.18 at $2.39 or 8% on the assay results news.
Timminco Ltd.: and Q-Cells SE announced that they have reached a new supply agreement for solar grade silicon. It will replace the agreement signed in 2008 for the five-year period through 2013. The new agreement contemplates deliveries of 100 mt of solar grade silicon for the remainder of 2009. Volumes, pricing and other terms for deliveries of solar grade silicon in years 2010 to 2013 will be subject to mutual agreement by the end of 2009 and will be negotiated in the context of prevailing solar industry market conditions.
Timminco Ltd. (TSX: TIM) closed up $0.60 at $1.83 or 49% on the contract announcement.
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