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Denison Reports Readiness to Commence Construction of Flagship Phoenix ISR Project and Provides Capital Cost Update
Denison Mines Corp. ("Denison" or the "Company") (TSX: DML; NYSE American: DNN) is pleased to report that, pending final regulatory approvals, it is ready to...
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/cafcb17331ec57931162dcab38a16251"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bKntX3k8_niKB5C6ITGUjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgxO2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/cafcb17331ec57931162dcab38a16251","width":400,"height":46}},"href":"https://mma.prnewswire.com/media/2853610/Denison_Mines_Corp__Denison_Reports_Readiness_to_Commence_Constr.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"TORONTO, Jan. 2, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML; NYSE American: DNN) is pleased to report that, pending final regulatory approvals, it is ready to make a final investment decision ("FID") and commence construction of the proposed Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"). Significant regulatory, engineering, and construction planning progress has been made throughout 2025, which has positioned Phoenix in a construction-ready state, including confirmation of an expected 2-year construction timeline. Provided final regulatory approvals to commence construction are received in Q1'2026, targeted first production remains on track for mid-2028. Additionally, based on substantial completion of project engineering and execution of significant procurement activities since 2023, Denison is providing an updated initial capital cost estimate for the Project. PDF Version.","length":1024,"tagName":"p"},{"type":"text","content":"David Cates, President & CEO of Denison, commented, "After another year of significant investment and progress, Denison stands ready to make a final investment decision and commence construction of the Phoenix ISR mine proposed for our flagship Wheeler River property. With the recent conclusion of the CNSC public hearing, and receipt of an initial approval to commence construction activities from the Province of Saskatchewan, we are poised to start 2026 with a series of positive catalysts that will mark the beginning of a new era...