Denison Mines Stock Price Falls 6% as Phoenix Uranium Mine Enters a Critical Build Phase
Denison Mines Corp.’s U.S.-listed shares fell 6.3% to $3.58 by 12:39 p.m. EDT Monday, despite broader market gains. The drop follows a recent capital estimate hike for its Phoenix uranium project in Saskatchewan, now set at about C$600 million. Denison reported a 2025 net loss of $217.3 million on $4.9 million revenue. Over 19 million shares changed hands by midday.