Northwire Canada EditionWednesday, November 11, 2026
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Production / Operations

Denison Announces Award of Construction Management Contract to Wood Canada for the Phoenix Uranium Mine

By The Northwire Desk — AI Analysis Feb 17, 2026 · 06:30 DML · 5.16 Denison Mines Corp.
DML · Price

Executive Summary

  • Denison Mines Corp. awarded Wood Canada Limited a 24‑month construction management contract for the Phoenix in‑situ recovery uranium mine at Wheeler River.
  • The contract covers full processing plant construction management, site infrastructure installation, integrated project controls, procurement support and safety oversight.
  • The award is presented as a key milestone that positions Denison to proceed with site preparation and a Final Investment Decision once federal permits are received.

Key Details

  • Contract Award: Wood Canada Limited (“Wood”) selected as construction manager for the Phoenix ISR mine after a competitive tender process.
  • Scope of Services:
  • Construction management of the processing plant.
  • Installation of site infrastructure.
  • Integrated project controls, procurement support, on‑site safety oversight, reporting and performance management.
  • Project Timeline: Estimated 24‑month construction period following contract execution.
  • Strategic Importance: Provides continuity from engineering to execution; enables efficient delivery of the Wheeler River Project.
  • Regulatory Context: Construction planning proceeds pending receipt of Federal Environmental Assessment approval and licence to prepare the site and construct a mine and mill (anticipated shortly).
  • Joint Venture Structure: Denison holds 90 % operating interest in Wheeler River JV; Wood will work directly with Denison’s project team.
  • Financial Position: CEO noted Denison’s “strong balance sheet” supporting readiness for a Final Investment Decision once permits are secured.

Notable Quotes

“The selection of Wood for construction management allows us to leverage our long‑standing relationship… We stand ready to make a Final Investment Decision and commence construction shortly after securing Federal approval.” – David Cates, President & CEO, Denison Mines Corp.

“Our priority is to enable a safe and seamless transition into execution… delivering Phoenix safely and successfully.” – John Day, President of Projects Western Hemisphere, Wood

Read the original news release →

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Production / Operations