Denison Reports Financial and Operational Results for Q1 2026, Highlighted by Commencement of Site Preparation and Early Works for the Phoenix ISR Uranium Mine, and the Results of its Shareholder Meeting
Denison filed Q1 2026 results, reporting the commencement of site preparation and early works at the Phoenix ISR uranium mine following receipt of regulatory approvals and a Final Investment Decision. The company secured near-term sales of 550,000 pounds of U3O8 at an average price of nearly US$99 per pound, bringing total contracted sales commitments to approximately 8 million pounds. Shareholders re-elected the board of directors at the annual meeting, while the company awarded the construction management contract for Phoenix to Wood Canada Limited.
Key figures
- Contracted sales lbs
- 8000000
- Negotiated sales lbs
- 8000000
- Fixed sales proceeds usd
- US$87.5 million
- Capital cost estimate cad
- $600 million
- Sales volume q1 agreement lbs
- 550000
- Sales price fixed avg usd per lb
- 92.05
- Sales price near term avg usd per lb
- 99.07
AI analysis
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