Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan

DNN•2026-08-14

Uranium sales and inventory update

Denison said it 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.

The company held about 1.1 million pounds U3O8 at June 30; 600,000 pounds are committed for delivery from Q3 2026 to Q2 2027.

Phoenix ISR uranium project construction advances

Denison Mines 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.

Sources

Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan

Sec

Denison Mines starts full-scale construction at Phoenix ISR uranium project in Saskatchewan

Uranium sales and inventory update

Phoenix ISR uranium project construction advances

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