Denison Mines (DNN) stock rises after Phoenix uranium mine greenlight — what investors watch next
Denison Mines’ board approved a final investment decision to build the Phoenix in-situ recovery uranium mine in Saskatchewan, with construction set to begin in March and first production targeted for mid-2028. Shares rose about 3.2% to $4.30 in late trading. Provincial and federal permits were secured by February 2026. Broader uranium ETFs fell about 1.7% in the latest session.