Denison Phoenix ISR Mine 24% Built; 2026 Capex Forecast $278.6M
TORONTO – November 04, 2026 -- Denison Mines Corp. (TSX: DML; NYSE American: DNN) estimates 2026 expenditures at its Phoenix in-situ recovery (ISR) uranium mine at C$278.6 million, after its first quarter of full-scale construction left the project about 24% complete as of September 30, 2026. The company still targets first production in the second half of 2028.
Phoenix spending reaches C$161.1 million year to date
Year-to-date Phoenix expenditures totaled C$161.1 million, including C$105.0 million on construction and construction indirect costs and C$39.0 million on procurement of equipment and materials. Life-to-date procurement spending stands at about C$56.8 million.
For the fourth quarter of 2026, Denison forecasts C$39.9 million in procurement payments, C$68.5 million in construction and construction indirect costs, and C$9.1 million in engineering, PCM and owner's costs.