Denison Mines Greenlit for Phoenix Uranium Mine
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Denison Mines receives green light for Phoenix uranium mine in Saskatchewan, marking Canadas first new mine in 20 years. The project, located in the Athabasca Basin, has secured a construction licence and board approval, with initial costs estimated at $419.4 million. The mine is expected to operate for ten years using in-situ recovery and has proven reserves of 56.7 million pounds of uranium. Several First Nations and Metis groups have signed benefit agreements, while some communities have raised concerns over consultations. NexGen Energy awaits similar approval nearby, boosting the areas uranium prospects.
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