Denison Mines stock jumps nearly 11% as Phoenix uranium project nears build decision
NEW YORK, January 2, 2026, 10:05 ET — Regular session Denison Mines rose 10.9% to $2.95 in morning trade on Friday after the uranium developer said it is ready to make a final investment decision and begin construction on its flagship Phoenix project, while raising its upfront build budget. The update matters now because Phoenix is moving from planning into execution, a phase where timelines and budgets tend to drive stock moves more than long-range resource estimates. It also puts the next catalyst squarely on regulators: Denison needs federal sign-off in Canada before it can break ground, and the company