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Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan

PUBT·08/14/2026 16:25:31
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Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan
  • Denison reported Q2 2026 progress at the Phoenix ISR uranium mine, with full-scale construction under way following site preparation since March.
  • Over 20% of overall site civil work was completed by end-July; freeze wall installation for Phase 1 has started.
  • Sold 750,000 pounds U3O8 at an average realized price of $122.16 per pound, generating $91.6 million in gross proceeds.
  • Realized gain totaled $64.1 million, or 233%, versus the 2021 acquisition cost of $36.67 per pound.
  • Held about 1.1 million pounds U3O8 at June 30; 600,000 pounds committed for delivery from Q3 2026 to Q2 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Denison Mines Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001063259-26-000029), on August 14, 2026, and is solely responsible for the information contained therein.