Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan
Reuters2026/08/14 16:25- 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.
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