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Denison Mines reports construction advances at Phoenix ISR uranium project in Q2 2026 update

PUBT·08/12/2026 20:30:06
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Denison Mines reports construction advances at Phoenix ISR uranium project in Q2 2026 update
  • Denison reported Q2 2026 results, citing significant early construction progress at the Phoenix ISR uranium mine at Wheeler River.
  • Site work started in March 2026; over 20% of total civil work completed by end-July, civil subgrade work nearly 100% complete.
  • First-year milestones on track, including process plant foundations, freeze wall installation, on-site power distribution, airstrip earthworks.
  • Sold 750,000 pounds U3O8 at CAD 122.16 per pound, generating CAD 91.6 million gross proceeds, CAD 64.1 million gain.
  • Held about 1.1 million pounds U3O8 at June 30; committed 600,000 pounds for deliveries 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 PR Newswire (Ref. ID: 202608121629PR_NEWS_USPR_____TO25321) on August 12, 2026, and is solely responsible for the information contained therein.