Denison Mines stock jumps nearly 14% after Phoenix uranium project construction-ready update
Denison Mines shares jumped 13.9% to $3.03 Friday after the company said it is ready to begin construction at its Phoenix ISR uranium project, pending final approvals. The company updated initial capital costs to about $600 million and reaffirmed a mid-2028 production target if permits arrive in early 2026. Trading volume reached 68.3 million shares. Investors are watching for Canadian federal permitting and a final investment decision.