#Canada #Toronto #Denison Mines #SaskPower #Phoenix Uranium

Denison Mines Introduces Grid Power at Phoenix Uranium Mine

Denison Mines Corporation, renowned in the mining sector, has proudly announced a key development for its upcoming Phoenix in-situ recovery uranium mine project. This significant advancement comes in the form of a newly installed high-voltage transmission line by SaskPower, facilitating grid power availability directly at the Phoenix site.

On January 8, 2026, Denison revealed that the recent completion of the 138kV transmission line marks a critical milestone for the Phoenix Project, indicating a strong move towards ensuring reliable energy supply necessary for construction and future operations. This step is particularly vital, as the electrification of the site will form the backbone of activities planned during the project's first year of development.

David Cates, Denison's President and CEO, expressed his gratitude towards SaskPower for the prompt and efficient installation of the new transmission line, emphasizing that access to reliable grid electricity presents a notable competitive edge for the Phoenix Project. The connection to the Saskatchewan grid — known for its reliability and cost-effectiveness — empowers Denison to initiate essential site operations without over-reliance on on-site power generation, which can often be unpredictable.

What This Means for the Phoenix Project

The new transmission line extends approximately six kilometers and connects the Phoenix site to an existing high-voltage line near Highway 914, positioning it within the broader electrical framework that serves Saskatchewan’s uranium mining sector. This network provides crucial energy supply from the border with Manitoba to the uranium mines across the Athabasca Basin.

The completion of the transmission line enhances the project’s viability by substantially reducing risks associated with energy outages and operational delays. Denison is now poised to start installing essential on-site electrical distribution infrastructure needed to support ongoing activities, including transformers and substations. These components have been procured and are on track for installation in the first year of construction, thus setting a solid foundation for the entire project.

The partnership with SaskPower involves a power supply agreement, granting Denison access to up to 8.8 MW of grid power for a minimum five-year term following the line's activation. This agreement underscores a robust commitment by both parties towards fostering sustainable uranium production, which is increasingly vital given the growing global demand for cleaner energy sources.

About the Phoenix Project

The Wheeler River Project, where the Phoenix mine is situated, boasts being the largest undeveloped uranium project within the infrastructure-rich eastern part of Saskatchewan's Athabasca Basin. The project is set to exploit rich high-grade uranium deposits identified by Denison over the last decade. With regulatory approvals inching closer to conclusion, the Phoenix operation is not only expected to generate significant yields but also to position Denison as a leader in environmentally responsible uranium mining practices.

Denison's efforts in advancing the Phoenix Project also align with broader trends in the mining sector, emphasizing the transition towards cleaner and more efficient energy production methods. As the world's energy landscape evolves, the significance of projects like Phoenix becomes increasingly apparent, pointing towards Denison's strategic vision and commitment to sustainability well into the future.

Overall, with this pivotal energy milestone achieved, Denison Mines is setting the stage for a transformative approach to uranium mining in Canada, embracing innovations that promise to reshape the industry in response to global energy needs.