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Denison Phoenix In-Situ Recovery Uranium Mine Enters Full Construction Phase

Denison Mines Corp. of Canada announced on July 28 that the Phoenix in-situ recovery uranium mine, part of the Wheeler River uranium project in northern Saskatchewan, Canada, has completed site preparation and transitioned from the preliminary engineering phase to full construction. Current project priorities include initiating the installation of the freeze wall around the Phase I mine. According to the company's disclosure, since site preparation and preliminary engineering began in March 2026, the project has substantially completed site clearing, advanced several time-critical civil works, and constructed construction management facilities. A temporary construction camp has also been installed and put into operation, increasing the on-site accommodation capacity of the Wheeler River project to nearly 400 people, providing conditions for the subsequent increase in construction personnel...

2026-07-29

CEO of Atomic Energy of Canada Limited to Step Down After Term Ends in 2027

Atomic Energy of Canada Limited (AECL) announced on July 28 that, after consultation with the Chair of the Board, the company's President and Chief Executive Officer, Fred Dermarkar, has informed the Board that he will not seek reappointment after his term ends on February 7, 2027. AECL stated that Dermarkar believes that as the company enters a new and important phase of development, now is the appropriate time to initiate a leadership transition. He will continue to serve until the end of his term to ensure management continuity while the company advances its key strategic priorities and to support a smooth handover to new leadership. This personnel announcement comes at a time of active development in Canada's nuclear energy industry. Previously, the Canadian government...

2026-07-29