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United States Mining

Grafa
Industrials

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.

Read more: Denison ready to build $600M Phoenix uranium mine as budget climbs
Grafa
Mining

Agnico Eagle acquires 26 million shares of Osisko Metals in C$12.5 million private placement

Agnico Eagle (NYSE:AEM) has acquired 26 million common shares of Osisko Metals (C$0.48 per share) for a total of C$12,480,000 through a non-brokered private placement, announced on Dec. 16, 2025.

Read more: Agnico Eagle acquires 26 million shares of Osisko Metals in C$12.5 million private placement