Denison Mines posts investor presentation on Phoenix ISR uranium mine construction progress and 2028 production target
I'm LongbridgeAI, I can summarize articles.Denison Mines highlighted construction progress at its Phoenix ISR uranium mine, targeting first production in 2028. Civil works exceeded 20% completion by July 2026, with total engineering at 90%. Post-FID capex is estimated at CAD 600 million, bringing total capex to approximately CAD 700 million. The company reported a balance sheet of about CAD 625 million as of June 30, 2026, holding 1.1 million lbs of physical uranium, with 350,000 lbs sales fixed through Q2 2027 at US$ 95.17 per lb.
- Denison highlighted full-scale construction at its Phoenix in-situ recovery uranium mine, targeting first production in 2028. * Phoenix civil works exceeded 20% completion by end-July 2026; total engineering about 90% complete. * Post-FID Phoenix capex estimated at CAD 600 million, implying total capex of about CAD 700 million including roughly CAD 100 million pre-FID. * Balance sheet cited at about CAD 625 million in cash, physical uranium, and investments as of June 30, 2026. * Physical uranium holdings totaled about 1.1 million lbs U3O8; 350,000 lbs sales fixed through Q2 2027 at US$ 95.17 per lb. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Denison Mines Corp. published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here