Denison Mines stock jumps nearly 11% as Phoenix uranium project nears build decision
Denison Mines shares jumped 10.9% to $2.95 after the company said it is ready to start construction on its Phoenix ISR uranium mine, pending final regulatory approval. Denison raised its initial capital estimate for the project to about C$600 million, roughly 20% above its 2023 forecast. Investors await a federal licence decision in Canada, expected in early 2026.