CNSC hearings keep Denison on track for potential '26 Phoenix construction start
Canadian project developer Denison Mines said on Thursday that it expected to start site preparation and construction activities for the Phoenix in-situ recovery (ISR) project, part of the Wheeler River uranium project in Athabasca, in early 2026.
The company based its schedule on the Canadian Nuclear Safety Commission (CNSC) having set its public hearings for the Wheeler River project for October 8 and December 8 to 12.
The hearings are the final step in the federal approval process for the environmental assessment and licence to prepare and construct a uranium mine and mill.
"The scheduling of the hearing and acceptance of the final federal EIS by the CNSC represent significant additional achievements for Denison in our efforts to obtain the regulatory approvals necessary to commence construction of the Phoenix in-situ recovery (ISR) uranium mining operation,” said president and CEO David Cates.
“Importantly, obtaining clarity on the hearing schedule significantly reduces uncertainty regarding the timeline for federal project approvals and allows our operations team to finalize our construction planning efforts with greater precision.”
With the potential to start construction in early 2026, Denison expects to maintain its target of first production from Phoenix by the first half of 2028.
Phoenix is planned to be the first uranium ISR mining operation in the Athabasca basin region.
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