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Denison Mines Greenlights $600M Uranium Mine Construction

2/25/2026

Summary

Story summary

Denison Mines Corp. announced a Final Investment Decision to construct the Phoenix In-Situ Recovery uranium mine in Saskatchewan, Canada.
Construction is set to begin in March 2026, with first production targeted for mid-2028.
The project received approvals from the Canadian Nuclear Safety Commission (CNSC) and the Province of Saskatchewan after permitting began in 2019.
Denison estimates initial capital expenditure at $600 million.
Denison will report earnings on February 26, 2026.

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Story summary

Denison Mines Corp. announced a Final Investment Decision to construct the Phoenix In-Situ Recovery uranium mine in Saskatchewan, Canada.
Construction is set to begin in March 2026, with first production targeted for mid-2028.
The project received approvals from the Canadian Nuclear Safety Commission (CNSC) and the Province of Saskatchewan after permitting began in 2019.
Denison estimates initial capital expenditure at $600 million.
Denison will report earnings on February 26, 2026.