Denison Mines stock slips after 2025 results as Phoenix mine start nears
Shares of Denison Mines Corp edged down roughly 1.6% to $3.98 by late Wednesday morning, following its 2025 results filing. The company also reiterated plans to start construction at the Phoenix uranium project in Saskatchewan sometime this month. Phoenix stands out as the asset with the potential to shift Denison from a distant developer into a genuine uranium producer. The site relies on in-situ recovery, or ISR, which extracts uranium by dissolving it underground and then pumping it to the surface, skipping the usual mining route. Denison hasn’t budged from its plan to begin output by mid-2028.