Denison Mines stock in focus premarket after Phoenix uranium mine contract with Wood
Denison Mines shares held at $3.81 in premarket trading after naming Wood Canada as construction manager for its Phoenix uranium project in Saskatchewan. The company awaits federal approval for its environmental assessment and construction licence before making a final investment decision. Uranium traded near $88 a pound after recent volatility. Denison aims to start construction by late Q1 2026 to meet its mid-2028 production target.