Denison Mines Stock Price Falls Again as Phoenix Uranium Mine Moves Into Build Phase
Denison Mines’ U.S.-listed shares fell to $3.39 Friday after the board approved construction of the Phoenix uranium mine in Saskatchewan, with Toronto shares down 4.1% by midday. Phoenix, set to use in-situ recovery, is the first Canadian uranium mine to win federal construction approval in over 20 years. Denison reported a 2025 net loss of $217.3 million and $614.4 million in debt. Uranium prices slipped to $84.65 a pound.