Denison Mines stock jumps after Phoenix uranium project moves toward construction: what’s next for DNN
NEW YORK, January 4, 2026, 04:58 ET — Market closed Denison Mines Corp (DNN) shares last closed up about 13% at $3.03 on Friday, their strongest one-day move in months, after the uranium developer flagged fresh progress toward starting construction at its Phoenix project. U.S. markets are shut on Sunday. The catalyst matters because Phoenix is Denison’s flagship and the update puts a near-term spotlight on permitting and spending discipline, two pressure points for pre-production miners. Denison said it is ready to make a final investment decision (FID) — the formal go-ahead to commit major construction capital — and begin