Denison Mines stock slips premarket as Phoenix uranium build takes a step forward
New York, Feb 17, 2026, 07:42 ET — Premarket Denison Mines Corp. has tapped Wood Canada Limited to run construction management for the Phoenix in-situ recovery uranium mine at the Wheeler River project up in northern Saskatchewan. Wood’s job: procurement and construction oversight for the processing plant and certain bits of site infrastructure. Denison is looking at about 24 months for construction. “We stand ready to make a Final Investment Decision and commence construction,” CEO David Cates said. Wood’s John Day added, “Our priority is to enable a safe and seamless transition into execution.”