Denison Reports Financial and Operational Results for Q3’2024, Including Positive Progress on Phoenix Engineering and Regulatory Review

Denison Mines reported Q3 2024 results highlighting progress on its Phoenix In-Situ Recovery uranium mining operation . Engineering completion reached 45%, with $21 million in milestone payments or commitments made for initial project capex. The company reports near completion of the Federal review process for the Wheeler River Environmental Impact Statement. Key developments include signing benefit agreements with Kineepik Métis Local #9 and Pinehouse Lake, and an option agreement with Foremost Clean Energy for 10 non-core uranium exploration properties worth up to $30 million in combined value.

Positive Engineering completion at 45% for Phoenix project, on track for 2027/2028 production

$21 million in milestone payments/commitments secured for initial project capex

Federal regulatory review process nearing completion with most information requests resolved Option agreement with Foremost Clean Energy potentially worth $30 million Negative None. Insights The Q3 2024 report highlights significant operational progress at Denison Mines. The Phoenix ISR project has […]

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