Denison Mines

Denison Mines has advanced site development at the Phoenix ISR project in Wheeler River from the preparatory phase into full construction, including the start of construction of the freeze wall for Phase 1. More than 20% of the civil works are complete, underground work for the processing plant and drill pads is nearly finished, and a temporary camp for nearly 400 people has been installed. Concrete work for the foundations of the substation and main processing plant is scheduled to begin in August; a second shift is planned to accelerate summer construction activity. Phoenix is a joint venture in which Denison Mines holds 90%; the project has already received environmental and construction permits. » More on de.investing.com

Denison Mines received all regulatory approvals to commence construction at its Phoenix in‑situ recovery uranium project and has taken a final investment decision, with schedule‑critical site preparation and early works underway. The company aims for first uranium production in mid‑2028 and plans to grow sales from existing holdings, McLean Lake output and Phoenix and Gryphon production. Denison also secured a near‑term sale commitment of 550,000 pounds U3O8 at an average price of US$99.07 per pound for deliveries between Q2 2026 and Q1 2027. » More on finance.yahoo.com

Desjardins raised its price target on Denison Mines to C$7 from C$5.50 and kept a Buy rating, reflecting improved sentiment around the company’s uranium development prospects. Scotiabank also lifted its target to C$6 and maintained an Outperform rating. The Canadian Nuclear Safety Commission granted the federal licence to prepare site and construct a mine and mill for the Wheeler River Phoenix in-situ recovery project, providing the final regulatory approval needed to start construction once a final investment decision is made. Denison is positioned to benefit from strengthening long-term nuclear energy and uranium demand. » More on finance.yahoo.com