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Denison Mines shares fell 5.5% to $3.38 Thursday as nearly 19 million shares traded, outpacing declines in other uranium stocks. Investors reacted to the company’s C$600 million capital estimate for its Phoenix uranium project, which is set to begin site work this month after final federal approval. Denison raised US$345 million in convertible notes last year but flagged refinancing and debt risks in recent filings.
