Denison launches construction preparations for its Canadian uranium mine
Denison Mines is set to commit CAD600mn ($437mn) to build Phoenix, the first large-scale uranium mine developed in Canada in over a decade, with production expected by mid-2028.
| Countries | Canada |
|---|---|
| Sector | Énergie Nucléaire |
| Theme | Investissements & Transactions |
Denison Mines Corporation has announced it is ready to begin construction of the Phoenix uranium mine, located in the Wheeler River area of northern Saskatchewan. The project has reached what the company describes as a “construction-ready” state, following the completion of regulatory, engineering and construction planning phases. The final investment decision depends on the receipt of the last remaining regulatory approvals, expected in the first quarter of 2026.
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