Story perspectives

Denison Mines to Build Canada’s First New Uranium Mine in 28 Years

3/4/2026

Summary

Story summary

Denison Mines Corp. has approval to construct the Phoenix uranium mine in Treaty 10 territory, northern Saskatchewan—the first new Canadian uranium mine in a generation.
The project costs about $600 million and aims for production by mid-2028.
Denison has secured support through impact benefit agreements with Indigenous groups.
Some communities, including the Peter Ballantyne Cree Nation, have concerns and have pursued legal action over environmental assessments.

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Story summary

Denison Mines Corp. has approval to construct the Phoenix uranium mine in Treaty 10 territory, northern Saskatchewan—the first new Canadian uranium mine in a generation.
The project costs about $600 million and aims for production by mid-2028.
Denison has secured support through impact benefit agreements with Indigenous groups.
Some communities, including the Peter Ballantyne Cree Nation, have concerns and have pursued legal action over environmental assessments.