Denison Greenlights First Major Canadian Uranium Mine in 20 Years

2026-02-26 08:59:01 ET

Denison Mines (TSX:DML,NYSEAMERICAN:DNN) has approved construction of what it says will be Canada’s first new large-scale uranium mine in more than 20 years, setting the stage for work to begin next month at its flagship Phoenix project in northern Saskatchewan.

The company announced that its board has made a Final Investment Decision to proceed with development of the Phoenix in-situ recovery (ISR) uranium mine, part of the broader Wheeler River project in the Athabasca Basin .

For further details see: