Denison Mines Reports 2024 Progress with Phoenix Project Advancements

Story Highlights
  • Denison Mines advanced the Phoenix Project with regulatory approvals and 65% engineering completion.
  • Community agreements and joint venture progress bolster Denison’s position in the uranium market.
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Denison Mines Reports 2024 Progress with Phoenix Project Advancements

The latest update is out from Denison Mines ( (TSE:DML) ).

Denison Mines Corp. reported its financial and operational results for 2024, highlighting significant advancements in the Phoenix Project, including regulatory approvals and engineering progress. The company achieved 65% completion of engineering for Phoenix and secured community support through various agreements, positioning itself for construction commencement in early 2026. Additionally, Denison’s joint ventures and exploration projects progressed, with notable developments at McClean Lake and Midwest, enhancing its market positioning amid a strengthening long-term uranium market.

More about Denison Mines

Denison Mines Corp. is a company operating in the uranium mining industry, focusing on the development, exploration, and production of uranium resources. The company is primarily involved in projects in the Athabasca Basin in northern Saskatchewan, Canada, with a significant focus on the Phoenix In-Situ Recovery project.

YTD Price Performance: -33.65%

Average Trading Volume: 44,219,236

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.24B

For detailed information about DML stock, go to TipRanks’ Stock Analysis page.

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