New York, Feb 24, 2026, 06:37 EST — Premarket.
- Denison Mines slipped 0.2% in thin premarket trade after a 3.2% rise on Monday.
- Investors are still pricing in last week’s federal licence to start building the Phoenix uranium project in Saskatchewan.
- Next dates on the calendar include a March 24 record date and a May 12 annual meeting.
Denison Mines Corp shares eased 0.2% to $4.18 in premarket trading on Tuesday, after climbing 3.2% to $4.19 in the prior session. (Investing)
The move matters because Denison is a high-beta uranium name: it tends to swing when the market gets more (or less) convinced new supply will actually get built. Last week’s regulatory step cleared a big “can you even build it?” hurdle for the company’s Phoenix project.
It also lands as investors recalibrate around nuclear-fuel bottlenecks, not just uranium in the ground. Centrus Energy, a U.S. enriched-uranium supplier, warned of an emerging supply crunch in a report carried by the Financial Times. (Financial Times)
Pre-market volume was just 1,880 shares, according to Investing.com data, underscoring how quickly early prints can shift once liquidity returns after the open. (Investing)
Denison said on Feb. 19 it received the final federal approvals it needed to begin site preparation and construction for Wheeler River, where Phoenix would be developed using in-situ recovery, or ISR — a mining method that circulates solution through ore underground and pumps it back for processing. (SEC)
Chief executive David Cates said the company was “eager to conclude the Company’s final investment decision for the Project and announce the timeline for the commencement of construction.” (SEC)
The federal licence is valid until Feb. 28, 2031 and covers site preparation and construction, but it does not authorize operations, the Canadian Nuclear Safety Commission said. Any future operating licence would require another hearing and decision. (Canada)
For traders, that split — permission to build versus permission to run — is part of why the stock can overshoot in both directions when headlines hit, then churn for days.
Other uranium-linked names often move on the same broad tape, including Cameco and U.S.-listed producers such as Uranium Energy and Energy Fuels, though company-specific catalysts can break the pack on any given day.
But there’s a catch. Denison still needs to nail down its final investment decision, and any delay, cost creep, or softer uranium pricing could cool the post-approval trade quickly — especially for a developer stock that lives and dies on schedules.
Next up, investors will watch for any update on Denison’s investment decision and construction start timing. A filing also set March 24 as the record date for its annual meeting, scheduled for May 12 in Toronto. (SEC)
