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Denison Mines Contracts Wood Canada for Key Uranium Project Milestone
Denison Mines Corp. shares increased by 3.15% following the announcement that it has contracted Wood Canada for construction management of its Phoenix uranium project. This strategic move is seen as a significant step towards accelerating the mine’s transition and build-out, buoyed by secured grid power supply. Despite financial challenges like negative earnings margins, the company’s strong liquidity and strategic advancements are leading to heightened market anticipation and investor confidence.