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Grand Junction, Colo. • A company trying to build the nation's first new uranium mill in more than 30 years has agreed to buy the United States' only existing conventional uranium mill.

Energy Fuels Inc. plans to buy Denison Mines Corp.'s White Mesa Mill near Blanding, Utah as well as its mines along the Colorado-Utah border, elsewhere in Utah and in Arizona.

Energy Fuels wants to build a uranium mill in Colorado's Montrose County and owns potential mining properties in Colorado, Utah, Arizona, Wyoming and New Mexico.

Energy Fuels president Steve Antony said that the deal "reshapes the landscape of the uranium sector within the U.S." and substantially increases the supply of uranium to White Mesa.

The deal still must be approved by shareholders and regulators.