Denison Mines posts investor presentation on Phoenix ISR uranium mine construction progress and 2028 production target - DNN News | RalliesDenison Mines posts investor presentation on Phoenix ISR uranium mine construction progress and 2028 production target
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DNN• Phoenix ISR uranium mine construction progress
- Denison highlighted full-scale construction at its Phoenix in-situ recovery uranium mine, targeting first production in 2028.
- Phoenix civil works exceeded 20% completion by end-July 2026; total engineering about 90% complete.
- Post-FID Phoenix capex estimated at CAD 600 million, implying total capex of about CAD 700 million including roughly CAD 100 million pre-FID.
- Balance sheet cited at about CAD 625 million in cash, physical uranium, and investments as of June 30, 2026.
- Physical uranium holdings totaled about 1.1 million lbs U3O8; 350,000 lbs sales fixed through Q2 2027 at US$ 95.17 per lb.
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