Denison Mines Starts Saskatchewan Drill Program as Phoenix Uranium Mine Build Nears
Denison Mines began winter drilling at the Wheeler North joint venture in northern Saskatchewan, launching a 2,500-metre diamond drill program weeks after approving construction of its Phoenix uranium mine. Denison owns 49% of Wheeler North and can increase its stake to 70% through further spending and payments to partner Skyharbour Resources. Phoenix’s initial capital cost estimate rose to C$600 million in January. Denison shares rose 8 cents to $3.75.
