Northwire Canada EditionFriday, July 24, 2026
Sign inSubscribe
Northwire
⌕
AEM 203.45 +0.0% OPW 0.100 +0.0% MSA 6.92 +0.0% GRL 0.280 +0.0% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.680 +0.0% GAL 0.390 +0.0% AUMB 0.640 +0.0% UTWO 0.390 +0.0% GSKR 3.25 +0.0% AVX 0.005 −nan% AII 19.91 +0.0% GWM 0.480 +0.0% NIO 0.135 +0.0% AEM 203.45 +0.0% OPW 0.100 +0.0% MSA 6.92 +0.0% GRL 0.280 +0.0% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.680 +0.0% GAL 0.390 +0.0% AUMB 0.640 +0.0% UTWO 0.390 +0.0% GSKR 3.25 +0.0% AVX 0.005 −nan% AII 19.91 +0.0% GWM 0.480 +0.0% NIO 0.135 +0.0%
Production / Operations Material +

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 →

More from Denison Mines Corp.

Jul 15, 2026 · 08:01

Denison’s Phoenix construction remains on track following final investment decision, while Cosa share settlement confirms joint venture execution.

M&A / Property Jul 10, 2026 · 02:04

Denison’s Phoenix ISR construction remains on track while exploration joint venture milestones continue to serve as routine catalysts for the project.

Drill Results Jul 02, 2026 · 06:30

Peter Ballantyne Cree Nation Withdraws Judicial Review and Confirms Support for the Wheeler River Project

Regulatory Jun 26, 2026 · 08:01

Denison advances its Cosa joint venture exploration program to support the long-term pipeline while near-term catalysts remain anchored to Phoenix construction execution.

Drill Results Jun 18, 2026 · 08:01

Phoenix construction remains on track while exploration joint venture updates continue to provide incremental progress to core production catalysts.

Drill Results Jun 15, 2026 · 08:01

Denison’s JV partner drill plans offer incremental exploration optionality without near-term catalysts to halt recent price consolidation.

Drill Results