Business
Denison Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026
Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that its Board of Directors has made a Final Investment Decision ("FID") to proceed with the construction of the Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"), and that site preparation and construction activities for Phoenix are planned to commence in March 2026. PDF Version
About this update from Denison Mines Corp.
[{"type":"image","alt":"Denison Mines 70 Logo. (CNW Group/Denison Mines Corp.)","displaySize":"","headline":null,"caption":"Denison Mines 70 Logo. (CNW Group/Denison Mines Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":46,"url":"https://media.zenfs.com/en/cnwgroup.com/0e871aee0339abec754189a76d347314"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zAe8Buh8yOBEz_K5UCehIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgxO2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/0e871aee0339abec754189a76d347314","width":400,"height":46}},"href":"https://mma.prnewswire.com/media/2919715/Denison_Mines_Corp__Denison_Announces_Final_Investment_Decision.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"TORONTO, Feb. 24, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that its Board of Directors has made a Final Investment Decision ("FID") to proceed with the construction of the Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"), and that site preparation and construction activities for Phoenix are planned to commence in March 2026. PDF Version","length":505,"tagName":"p"},{"type":"text","content":"David Cates, President and CEO of Denison commented, "Making a Final Investment Decision and the upcoming initiation of construction activities at Phoenix mark the beginning of a new era in Denison's history and the Canadian uranium mining sector. ","length":261,"tagName":"p"},{"type":"text","content":"Our teams have worked diligently over the last several years to bring Phoenix to a construction-ready state, obtain provincial and federal approvals, procure long-lead materials, and secure financing to be in a position to make this landmark decision and commence construction of the first new large-scale Canadian uranium mine in over two decades. With construction anticipated to take approximately two years, commencing construction in March is expected to allow us to maintain our objective to achieve first production from Phoenix by mid-2028 and ultimately position Denison as one of the few uranium suppliers globally who will be able to provide a sizeable new source of uranium production before the end of the decade." ","length...