Denison Mines Greenlights Phoenix Uranium Project
Denison Mines has announced the approval of its final investment decision for the Phoenix uranium mine located in northern Saskatchewan. Construction is set to commence next month, in March 2026, with plans for completion within two years. The company is targeting production to begin by mid-2028. This development highlights Denison’s strategic focus on enhancing its uranium production capabilities amidst a growing demand for clean energy sources. (Source)
Westgold Resources Reports Record Revenue
Westgold Resources reported a noteworthy increase in H1 FY26 production, reaching 170,000 ounces of gold with an All-In Sustaining Cost (AISC) of $2,871 per ounce. The company achieved record revenue of $1,238 million, a significant rise from $624 million in the prior period, largely driven by higher gold prices, which averaged $5,877 per ounce. The increase in AISC by 12% from the previous year is attributed to expansions at key sites including Bluebird-South Junction and Great Fingall. Despite higher production costs, the surge in gold prices has bolstered the company’s financial performance. (Source)
Western Star Resources Secures Funding for Exploration
In a strategic move to advance its drilling initiatives, Western Star Resources successfully raised C$3.04 million through a non-brokered private placement, issuing 20.3 million shares. The funds will support the company’s ongoing exploration efforts, positioning it for potential growth in mineral discoveries. This financial boost reflects investor confidence in Western Star’s exploration projects and the broader potential within the sector. (Source)
Jaguar Mining Eyes Restart of Paciência Complex
Jaguar Mining is set to present at the Red Cloud Pre-PDAC Mining Showcase, where CEO Luis Albano Tondo will provide updates on the company’s strategic direction. A significant focus will be the potential restart of the Paciência complex in 2026, specifically the Santa Isabel mine. This initiative could revitalize operations and enhance Jaguar’s production profile. The showcase provides a platform to communicate these plans to investors and industry stakeholders. (Source)
Rio Tinto Takes Majority Control of Nemaska Lithium
In a significant strategic acquisition, Rio Tinto has taken majority control of Canada’s Nemaska Lithium. This move, announced recently, is poised to strengthen Rio Tinto’s position in the lithium market, a critical component for electric vehicle batteries. The acquisition aligns with the company’s broader strategy to expand its footprint in the critical minerals sector, catering to the increasing demand for sustainable energy solutions. (Source)
As these developments unfold, the mining industry continues to navigate a landscape shaped by fluctuating commodity prices and evolving global energy demands. While opportunities abound, companies must also contend with rising operational costs and regulatory challenges. Investors should remain informed and consider these factors when evaluating potential investments. Past performance does not guarantee future results, and this analysis should not be construed as financial advice.
Financial Disclaimer
Editorial Note: This article is an independent analysis based on publicly available information and press releases. MineListings.com is not affiliated with the companies mentioned. The views expressed are those of our editorial team and do not represent the official position of any company discussed. For the most accurate and complete information, readers should refer to the original source materials and company filings.
