Denison Mines Raises Phoenix Project Readiness

Denison Mines Corp. said on Jan. 2, 2026 that it is ready to move to a final investment decision on its Phoenix in-situ recovery uranium mine, pending regulatory approvals expected in Q1 2026. Analysts Raymond James and Canaccord raised price targets in January 2026, while Denison increased the initial capital estimate to about $600 million and plans a two-year build targeting mid-2028 production.