Denison Mines reports Q2 2026 results and Phoenix project progress

Denison Mines Corp. has released its condensed consolidated financial statements and management discussion and analysis for the three and six months ended June 30, 2026.

The company reported significant progress at its Phoenix project, noting that over 20% of total project site civil work is complete. Key construction milestones, including the installation of a freeze wall and the establishment of an airstrip, remain on track.

Financially, Denison has utilized its strategy to monetize physical uranium holdings. In the second quarter, the company sold 750,000 pounds of U3O8 at an average realized price of $122.16 (US$89.17) per pound. This generated over $90 million in proceeds and a $64 million realized gain, providing funding for the Phoenix project without equity dilution.