Denison Mines stock slips after 2025 results as Phoenix mine start nears
Denison Mines shares fell 1.6% to $3.98 after reporting a C$217.3 million net loss for 2025 and confirming construction of its Phoenix uranium project in Saskatchewan will start this month. Phoenix received final federal approval in February and targets first production by mid-2028. Denison reported C$465.9 million in cash at year-end and an upfront US$6 million uranium sales deal. Uranium sector stocks were mixed in New York trading.