Denison Mines ( (TSE:DML) ) has shared an update.
Denison Mines Corp. announced the Canadian Nuclear Safety Commission has scheduled public hearings for the Wheeler River Uranium Project, marking the final step in federal approval for the project’s Environmental Assessment and Licence. This development reduces uncertainty in the project’s timeline, allowing Denison to plan for construction of the Phoenix In-Situ Recovery project, with potential commencement in early 2026 and first production by 2028. The announcement follows key regulatory milestones achieved in 2024, indicating strong support from CNSC staff for the project’s advancement.
More about Denison Mines
Denison Mines Corp. is a leading uranium mining, development, and exploration company based in Toronto, Canada, with a focus on the Athabasca Basin region of northern Saskatchewan. The company holds a significant 95% interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the region, and has completed feasibility studies for its Phoenix and Gryphon deposits. Denison also has interests in various joint ventures, including the McClean Lake and Midwest Joint Ventures, and celebrated its 70th anniversary in 2024.
YTD Price Performance: -27.88%
Average Trading Volume: 34,598,146
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.34B
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