Denison Mines Reports Readiness to Begin Construction of Phoenix ISR Uranium Mine Project

Denison Mines Corp. is ready to commence construction of the Phoenix ISR uranium mine, pending final regulatory approvals. The project has made significant progress in engineering and construction planning, with an expected 2-year construction timeline. The initial capital cost estimate has increased to approximately $600 million, but the company remains confident in making a positive final investment decision. First production is expected by mid-2028, positioning Phoenix to benefit from anticipated acceleration in uranium demand and support Canada's objectives for sustainable mining projects.