Denison Mines (DNN) – Among the Energy Stocks that Gained This Week

The share price of Denison Mines Corp. (NYSEAMERICAN:DNN) surged by 24.71% between December 30, 2025, and January 6, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Denison Mines Corp. (NYSEAMERICAN:DNN) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada.

Denison Mines Corp. (NYSEAMERICAN:DNN) announced on January 2 that it is prepared to make a positive final investment decision (FID) and begin construction of the proposed Phoenix in-situ recovery uranium mine, pending final regulatory approvals. The company revealed that the project is in a construction-ready state with first production targeted for mid-2028, provided that  regulatory approvals are granted in the first quarter of this year.

David Cates, President and CEO of Denison Mines Corp. (NYSEAMERICAN:DNN), commented:

After another year of significant investment and progress, Denison stands ready to make a final investment decision and commence construction of the Phoenix ISR mine proposed for our flagship Wheeler River property.  With the recent conclusion of the CNSC public hearing, and receipt of an initial approval to commence construction activities from the Province of Saskatchewan, we are poised to start 2026 with a series of positive catalysts that will mark the beginning of a new era in our Company’s long history.

Denison Mines Corp. (NYSEAMERICAN:DNN) received a further lift on January 5 when Canaccord raised its price target on the stock from C$4.4 to C$5, while maintaining a ‘Speculative Buy’ rating on the shares.

Denison Mines Corp. (NYSEAMERICAN:DNN) has also received strong support from the recent surge in the prices of uranium, with US uranium futures rising to their highest in two months on January 6, driven by the US announcing awards worth billions for domestic uranium providers and by recent buying by physical uranium funds.

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Disclosure: None.