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Stock impact report

Can Denison Mines' Phoenix Project Power Its Next Growth Phase? [Yahoo! Finance Canada]

Denison Mines Corp Ordinary Shares (Canada) (DNN) 
NASDAQ:AMEX Investor Relations: denisonmines.com/s/investorrelations.asp
With first production targeted for mid-2028, it is expected to be Canada's first ISR uranium mine, marking a pivotal shift in the country's uranium mining landscape. Denison holds a 95% effective interest in the Wheeler River project, the largest undeveloped uranium project in the infrastructure-rich eastern Athabasca Basin. It comprises two deposits, Phoenix and Gryphon (which is in the development stage). Phoenix is designed as an ISR operation, while Gryphon is a conventional underground mining operation. Both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Phoenix hosts an estimated 70.5 million pounds of uranium at an average grade of 11.4%. Notably, Phoenix was ranked the #1 non-precious mining development project globally in 2025 by Mining Journal Intelligence. Construction at Phoenix commenced in March 2026 and has an estimated timeline of roughly two years. The initial capital expenditure is projected at approxi Show less Read more
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