Denison Mines (DNN) Secures Final Federal Approval to Construct Landmark Phoenix Uranium Mine

Core Insights - Denison Mines Corp. has received final regulatory approval for the construction of the Phoenix In-Situ Recovery uranium mine at its Wheeler River Project, marking a significant milestone as the first ISR mining project authorized in Canada and the first large-scale uranium mine approved in over 20 years [1][2] Group 1: Project Development - The Canadian Nuclear Safety Commission has granted the necessary permits, allowing Denison to begin site preparation and construction activities immediately [1] - Denison has awarded the construction management contract and is financially positioned to support the project's development, with an expected construction timeline of approximately two years [2] - The Phoenix mine is projected to achieve its first uranium production by mid-2028, contributing to the Wheeler River Project, which is the largest undeveloped uranium project in the region [2] Group 2: Company Overview - Denison Mines Corp. focuses on acquiring, exploring, and developing uranium-bearing properties in Canada, holding a 95% interest in its flagship Wheeler River uranium project located in the Athabasca Basin [3]