Denison Mines' Phoenix uranium project reaches 24% completion
DNN•Denison Mines’ Phoenix uranium project was 24% complete as of September 30, 2026. First production remains targeted for the second half of 2028, with 2026 project expenditures forecast at CAD 278.6 million.
1. Construction progress
The Phoenix in-situ recovery uranium project reached 24% completion as of September 30, following its first full-scale construction quarter. Construction completion and first production remain targeted for the second half of 2028.
2. Costs and site work
Forecast project expenditures for 2026 total CAD 278.6 million, compared with CAD 161.1 million spent through September. Site civil work was nearly 50% complete by the end of October, supporting process plant building construction over winter.
3. Exploration update
Exploration at Phoenix North intersected uranium mineralization over 100 meters of strike length within the mine site's surface footprint.
