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Denison Mines Announces Grid Power Available at Future Phoenix Uranium Mine Site Following Completion of SaskPower Transmission Line
TORONTO, Jan. 8, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that grid power supply fro
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Jan. 8, 2026 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to announce that grid power supply from Saskatchewan Power Corporation (\"SaskPower\") is available at the site of the future Phoenix in-situ recovery uranium mine (\"Phoenix\", or the \"Project\") following the recent installation of a new 138kV transmission line. The availability of grid power at the Phoenix site represents a significant step in de-risking the execution of the Project, as the electrification of the site is on the critical path of activities planned for the first year of construction and supports the establishment of the freeze wall planned to surround the initial mining area. David Cates, President & CEO of Denison, commented, \"We thank SaskPower for the safe installation of the new high-voltage transmission line, on schedule and on budget. As power is a crucial component of planned site infrastructure for Project construction and future operation, the availability of grid power supply at the site represents a major Project milestone. Access to grid electricity is a notable competitive advantage for Phoenix, as the grid in Saskatchewan is reliable and cost-effective compared to on-site power generation.\" The new transmission line (see Figure 1) is approximately 6 kilometres in length and connects the Phoenix site to the existing 138kV transmission line east of Phoenix that runs proximal to Highway 914 near Russell Lake (see Figure 2 and Figure 3). This portion of the Saskatchewan grid provides power from the Saskatchewan-Manitoba border to Uranium City in northwestern Saskatchewan and currently supplies power to each of the operating uranium mine and mill sites in the eastern portion of the Athabasca Basin. Completion of the high-voltage transmission line represents a major Project milestone Phoenix has been designed to be powered by electricity from the SaskPower grid. Accordingly, the installation and electrification of the new 138kV transmission line to the Phoenix site represents a significant de-risking event, as the electrification of the Phoenix site will now only require the installation of on-site electrical distribution infrastructure, including the main site transformer, substation high-voltage equipment, switchgear, and substation e-house – all of...