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Denison Mines shares declined following board approval to construct the Phoenix uranium mine in Saskatchewan, with the company reporting a substantial 2025 net loss and significant debt.

TeraWulf Inc. shares retreated Tuesday, giving back a portion of Monday's sharp gains after announcing financing and construction approval for a major Kentucky data center project, underscoring its strategic pivot toward AI and high-performance computing.

Denison Mines Corp. shares fell 1.6% following its 2025 financial results, which showed a widened net loss of C$217.3 million. The company confirmed it will begin construction this month on its Phoenix uranium project, targeting first production by mid-2028.

Denison Mines Corp. has initiated a significant 7,500-meter drill program at its Wheeler North joint venture in Saskatchewan, coinciding with the start of construction at its flagship Phoenix uranium mine, which received final regulatory approval.

Denison Mines Corp. has received board approval to commence construction of the Phoenix in-situ recovery uranium mine in Saskatchewan, with site preparation scheduled to begin in March 2026. The company targets first production by mid-2028 at an estimated capital cost of C$600 million.