Denison ready to build $600M Phoenix uranium mine as budget climbs
Denison Mines Corp. (NYSE:DNN) announced on January 2, 2026, that it has reached full readiness to make a Final Investment Decision (FID) and break ground on its flagship Phoenix In-Situ Recovery (ISR) uranium project.
The project, located on the Wheeler River property in Saskatchewan’s Athabasca Basin, is slated to become the first major uranium mine built in the region since Cigar Lake began production in 2014.







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