Denison Mines sets March start for building Canada’s first uranium mine in a generation – CBC
Mar 02, 2026
Nuclear regulator approved construction licence for the northern Saskatchewan mine on Feb. 19
Denison Mines Corp. is moving ahead with construction of a proposed uranium mine in northern Saskatchewan now that it has approval from its board of directors, a licence to build it from the national nuclear regulator and the support of nearby communities.
The company’s Phoenix mine at Wheeler River in the Athabasca Basin, which is in Treaty 10 territory, could be the first uranium mine to be built in Canada in a generation. Initial capital costs are now estimated at $600 million.
