Denison Mines stock steadies near $3.70 as uranium prices stay in focus
Denison Mines shares rose 0.3% to $3.70 in early Tuesday trading, with volume at 1.7 million. Uranium U3O8 futures held near $85 per pound. Traders watched for permitting updates at Denison’s Phoenix project in Saskatchewan, where grid power was connected earlier this month. The company raised its initial capital cost estimate for Phoenix to $600 million on Jan. 2.