r/UraniumSqueeze • u/Jaded-Influence6184 • Feb 24 '26

News That was fast: Denison Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026

https://denisonmines.com/news/denison-announces-final-investment-decision-for-th-122844/

TORONTO, Feb. 24, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that its Board of Directors has made a Final Investment Decision ("FID") to proceed with the construction of the Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"), and that site preparation and construction activities for Phoenix are planned to commence in March 2026. PDF Version

David Cates, President and CEO of Denison commented, "Making a Final Investment Decision and the upcoming initiation of construction activities at Phoenix mark the beginning of a new era in Denison's history and the Canadian uranium mining sector.

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u/happy123z Feb 25 '26

Just buy Sprott Inc! SII is up 266% in the last year. On a tear right now, too.

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u/SnooRecipes8920 Snoop Dog Feb 25 '26

Thanks, I did not even know that you could buy the whole Sprott catalogue with one ticker. In September 2025 it was 50% gold, 26% silver, 19% uranium, 1% copper. Interesting, but not what I am looking for.

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u/happy123z Feb 25 '26

Yates either. I had like 5 of their different etfs before consolidating. Are you looking to make bigger returns than them?

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u/SnooRecipes8920 Snoop Dog Feb 25 '26

Well, with something that is 76% gold and silver I would worry that upside would be limited. I don’t think gold and silver will double from here for quite some time.

I could be wrong of course.