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Denison reports 24% completion of Phoenix ISR uranium mine construction, targeting production in 2H 2028.

Company Fundamentals
05 Nov 2026, 01:11 WIB
PRNewsWire
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Bullish
Denison reports 24% completion of Phoenix ISR uranium mine construction, targeting production in 2H 2028.

Denison Mines announced 24% completion of full-scale construction at its Phoenix ISR uranium mine as of September 30, 2026, with significant progress on site civil work, process plant, and equipment fabrication. The company aims to complete construction and begin production in the second half of 2028, about two years after starting full-scale construction. Encouraging exploration results at the nearby Phoenix North target suggest potential for additional resources, which could enhance project value. Denison's strategic procurement and modular construction approach supports ongoing progress through winter months, with total 2026 expenditures forecasted at CAD 278.6 million.

Denison Mines Corp shares trade at their 52-week low of USD 2.10 on Pluang as of Nov 05, 2026 06:21 WIB, with no change in price over the last day and a market cap of $1.92 billion. The stock's steady price comes as the company reports 24% completion of full-scale construction at its Phoenix ISR uranium mine, highlighting ongoing progress in its energy sector projects. Pluang investors currently show 100% buy interest in DNN, reflecting focused attention on the stock amid its operational milestones.

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