Recent Updates — DNN
Denison Mines Corp. filed interim consolidated financial statements for the three and six months ended June 30, 2026. The company reported cash and cash equivalents of $465.3 million CAD and total assets of $1.1 billion CAD. During the second quarter, Denison sold 750,000 pounds of uranium oxide concentrates for gross proceeds of $91.6 million CAD, realizing a significant gain from its investment portfolio. The company advanced construction at its Phoenix In-Situ Recovery Uranium Mine in Saskatchewan following the February 2026 Final Investment Decision and regulatory approvals. Exploration activities wrapped up with over 50,000 metres of drilling completed across 14 properties. Denison Mines Corp. operates in the uranium mining industry, focusing on exploration, development, and investment in uranium projects within Canada's Athabasca Basin.
Denison Mines Corp. announced the completion of site preparation activities and the commencement of full-scale construction at its Phoenix In-Situ Recovery uranium mine in July 2026. The company initiated the perimeter freeze wall installation for Phase 1 and ramped up the on-site workforce to nearly 400 people. Civil subgrade work for the process plant and wellfield areas is near 100% complete, with schedule-critical concrete pours for foundations expected to begin in August. Construction activity will accelerate with a second shift to support key first-year milestones. Denison Mines Corp. is a uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada.