Denison Announces Award of Construction Management Contract to Wood Canada for the Phoenix Uranium Mine [Accessibility Statement] Skip NavigationTORONTO, Feb. 17, 2026 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML; NYSE American: DNN) is pleased to announce that, following a competitive tender process, it has awarded Wood Canada Limited ("Wood"), a global leader in consulting and engineering, with the construction management contract (the "CM Contract") to oversee the building of ...

Core Viewpoint - Traction Uranium Corp. has entered into an option agreement with Cosa Resources Corp. to earn up to an 80% interest in the Aurora uranium project located in northern Saskatchewan, effective February 10, 2026 [1]. Group 1: Project Overview - The Aurora project covers approximately 18,773 hectares and spans about 17 kilometers along the southeastern margin of the Athabasca Basin, situated 16 kilometers east of the Key Lake uranium mill [2]. - Historical drilling at Aurora has not occurred since 1979, but past logs indicate multiple zones of hydrothermal alteration [2]. - In 2024, Cosa conducted airborne gravity-gradient and VTEM surveys to identify initial target areas for further exploration [2]. Group 2: Agreement Terms - Traction can earn an 80% interest in the Aurora project by funding exploration work and making cash and share payments over five phases [3]. - The total exploration expenditures required amount to $9.15 million, with cash payments totaling $1.5 million and share payments of 5 million Traction shares [4]. - Cosa will act as the operator during the earn-in period and can charge an operator fee, with Traction having the option to assume operatorship after completing Phase 4 [3]. Group 3: Company Background - Traction Uranium Corp. is focused on mineral exploration and development in Canada, particularly in the Athabasca Region, known for its uranium deposits [6]. - Cosa Resources Corp. operates in northern Saskatchewan and holds approximately 237,000 hectares across various uranium projects, primarily in underexplored areas of the Athabasca Basin [7]. - Cosa's management team has a successful track record in uranium exploration, including the discovery of the Hurricane uranium deposit [10].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI [3][7] - This company is characterized as a "toll booth" operator in the AI energy boom, benefiting from the surge in demand for electricity driven by AI advancements [4][5] Market Position - The company is noted for its unique position in the energy market, being involved in nuclear energy and capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7][8] - It is described as debt-free and holding a significant cash reserve, which is approximately one-third of its market capitalization, providing a strong financial foundation [8][10] Growth Potential - The company also has an equity stake in another AI-related venture, offering investors indirect exposure to multiple growth opportunities in the AI sector without the associated premium costs [9][10] - The stock is considered undervalued, trading at less than seven times earnings, which presents a compelling investment case given its ties to the rapidly growing AI and energy markets [10][11] Industry Trends - The article discusses the broader trends of onshoring and increased U.S. LNG exports, positioning the company to capitalize on these developments under the current political climate [6][14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the long-term growth potential of investments in AI [12]

Core Viewpoint - Skyharbour Resources Ltd. is actively participating in the Vancouver Resource Investment Conference and the Metals Investor Forum, showcasing its uranium exploration projects and corporate strategies to potential investors and industry professionals [1][3][5]. Group 1: Conference Participation - Skyharbour will have a booth at the Vancouver Resource Investment Conference on January 25-26, 2026, and will present a corporate overview by President and CEO Jordan Trimble on January 25 at 11:50 AM [1][2]. - The Vancouver Resource Investment Conference will feature over 120 expert speakers and is expected to attract more than 5,000 industry professionals and investors, providing networking opportunities and insights into the commodities landscape [3]. Group 2: Company Overview - Skyharbour holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 662,887 hectares (over 1.6 million acres) [6]. - The company owns a 100% interest in the Moore Uranium Project, which is an advanced-stage property with high-grade, shallow uranium mineralization [6]. - Skyharbour has joint ventures with Denison Mines and Orano Canada Inc. and has signed earn-in option agreements with partners that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [7]. Group 3: Strategic Goals - The company's goal is to maximize shareholder value through new mineral discoveries, long-term partnerships, and advancing exploration projects in geopolitically favorable jurisdictions [8].

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Core Insights - The VanEck Uranium and Nuclear ETF has increased by 75% over the past year, rising from approximately $84 in January 2025 to $146.60 currently, with total assets of $3.6 billion, focusing on uranium miners and nuclear utilities due to a renewed interest in carbon-free energy sources [1] Fund Holdings - The ETF's top holdings include Cameco at 8.6%, Constellation Energy at 6.6%, and uranium miners such as Uranium Energy Corp and Denison Mines, with 45% of the portfolio in uranium mining and enrichment companies and 20% in nuclear utilities [2] Uranium Price Dynamics - The performance of the ETF is closely tied to uranium prices, which have risen from around $90 per pound in early 2025 to nearly $100 recently, influenced by supply constraints and increased demand from reactors [3] - Kazakhstan's Kazatomprom has indicated production challenges, while Western utilities are seeking long-term contracts outside of Russian supply chains, which could further impact uranium prices [3] Price Volatility - Uranium prices are known for their volatility; the last spike above $100 per pound occurred in 2022, followed by a decline due to lagging reactor restarts and inventory absorption [4] - Investors are advised to monitor monthly uranium spot price reports, as a sustained price above $100 could support current valuations, while a drop towards $80 may negatively affect the miners in the ETF [4] Holdings Performance Divergence - There is a notable divergence in the performance of the ETF's holdings, with Uranium Energy Corp increasing by 164% over the past year, while Constellation Energy has decreased by 6%, indicating different pressures faced by uranium miners and nuclear utilities [5] - The fund's 36% annual turnover suggests active management, with potential shifts in exposure between miners and utilities based on market conditions [5] Alternative Investment Options - For investors seeking concentrated uranium exposure, Sprott's URNM ETF offers a more focused investment with 90% in uranium miners and physical uranium, compared to the broader approach of VanEck's ETF [6] Key Monitoring Factors - The primary factor to watch is the momentum of uranium spot prices above $100 per pound, along with the ETF's rotation between miners and utilities as reactor construction timelines become clearer [7]

Group 1: Company Performance - Uranium Energy Corp. (NYSEAmerican: UEC) experienced a share price increase of 10.55% on Wednesday, closing at $17.19, approaching its 52-week high due to strong demand outlook for uranium [1][3] - The nuclear power sector's share is projected to rise to 19% this year, before slightly declining to 18% in 2027, compared to 18% last year, which is expected to positively impact uranium companies like UEC [3] Group 2: Industry Outlook - The Energy Information Administration (EIA) forecasts power demand to rise to 4,256 billion kilowatt-hours (kWh) in 2026 and 4,364 billion kWh in 2027, up from 4,198 billion kWh last year, driven by increased power consumption from AI and cryptocurrency data centers [2] - The global Small Modular Reactor (SMR) sector is projected to reach $10.3 billion by 2032, with the Department of Energy awarding $800 million to support US reactor deployment, indicating a strong governmental push towards nuclear energy [5]

Core Insights - Skyharbour Resources Ltd. has reported significant results from its 2025 drilling campaign at the Moore Uranium Project, highlighting high-grade uranium mineralization and the discovery of a new target area called the Nomad Zone [1][3][20] Drilling Results - A total of 21 drill holes were completed, totaling 7,884 metres, with notable intersections including hole ML25-15 at the Main Maverick Zone returning 4.84% U3O8 over 4.4 metres, including a higher grade of 11.77% U3O8 over 1.6 metres [1][5][7] - The Nomad Zone, located approximately 1.7 kilometres southwest of the Main Maverick Zone, showed extensive sandstone and basement faulting with intense hydrothermal alteration, indicating a fertile environment for further uranium discoveries [1][10][21] Future Plans - The company is preparing for a winter drill program to commence shortly, planning to drill an additional 8,000 to 10,000 metres in 15 to 25 drill holes throughout 2026 [2][26][27] - The upcoming drilling will focus on expanding the Maverick zones and further exploring the Nomad and Esker target areas [26][27] Project Overview - The Moore Uranium Project spans 35,705 hectares and is strategically located near other significant uranium projects in the Athabasca Basin, including Denison Mines' Wheeler River project and Cameco's McArthur River mine [28][33] - Historical drill highlights at the Moore Project include results of up to 6.0% U3O8 over 5.9 metres, showcasing the project's potential for high-grade uranium mineralization [28][33]

Core Insights - Skyharbour Resources Ltd. has reported significant results from its 2025 drilling campaign at the Moore Uranium Project, highlighting high-grade uranium mineralization and the discovery of a new target area called the Nomad Zone [1][3][20] Drilling Results - A total of 21 drill holes were completed, totaling 7,884 metres, with notable intersections including hole ML25-15 at the Main Maverick Zone, which returned 4.84% U3O8 over 4.4 metres, including a higher grade of 11.77% U3O8 over 1.6 metres [1][5][8] - The Nomad Zone, located approximately 1.7 kilometres southwest of the Main Maverick Zone, showed extensive sandstone and basement faulting with intense hydrothermal alteration, indicating a fertile environment for further uranium discoveries [1][21] Future Plans - The company is preparing for a winter drill program to commence shortly, planning to drill an additional 8,000 to 10,000 metres in 15 to 25 drill holes throughout 2026 [2][26] - The upcoming drilling will focus on expanding the Maverick zones and further exploring the Nomad Zone, with additional geophysical surveys currently underway [27][26] Project Overview - The Moore Uranium Project spans 35,705 hectares and is strategically located near other significant uranium projects in the Athabasca Basin, including Denison Mines' Wheeler River project and Cameco's McArthur River mine [28][33] - Historical drill highlights from the project include results of up to 6.0% U3O8 over 5.9 metres, showcasing the project's potential for high-grade uranium mineralization [28][33] Exploration Strategy - Skyharbour's exploration strategy includes a multi-phased drilling approach, with a focus on both the Maverick and Nomad zones, as well as the Esker target area, which has shown promising geological indicators [26][27] - The company aims to maximize shareholder value through new mineral discoveries and partnerships, leveraging its extensive portfolio of uranium exploration projects [33][35]

Core Insights - Skyharbour Resources Ltd. has acquired forty new uranium exploration claims in Northern Saskatchewan, increasing its total land package to 662,887 hectares across 43 projects, with a focus on the Athabasca Basin, known for high-grade uranium deposits [1][37] - The newly staked claims will be part of the Company's prospect generator business, aimed at attracting strategic partners to advance these assets [1] Summary of New Claims - The Carter North Project consists of ten mineral claims totaling 36,393 hectares, located adjacent to Cameco's North Williams Project and covering extensions of significant conductive corridors [3][6] - The Rover Project includes a single claim of approximately 793 hectares, situated near Cameco's McArthur River and Cigar Lake Mines, with historical exploration dating back to the late 1960s [9][11] - The East Dufferin Project comprises a single claim of 1,451 hectares, located south of the Athabasca Basin, with historical exploration identifying increased conductivity and magnetic activity [12][14] - The Brustad Project consists of one claim totaling 791 hectares, located near the southern margin of the Athabasca Basin, with historical exploration including various geophysical surveys [15][17] - The 914 and Elevator Projects now cover a total of 13,785 hectares, with extensive historical exploration indicating potential for uranium mineralization [18][20] - The Pendleton Project includes four claims totaling 5,338 hectares, located along the Needle Falls Shear Zone, with historical exploration suggesting potential for uranium deposits [21][22] - The Yurchison Project has been expanded to 35,029 hectares, consolidating previous properties and showing potential for uranium and other mineralization [24][27] - The Tarku Project consists of three claims totaling 8,262 hectares, adjacent to the South Dufferin Project, with historical exploration indicating strong potential for uranium mineralization [28][30] - The South Dufferin Project has been expanded to 39,398 hectares, with ongoing exploration efforts indicating readiness for further drilling [31][34]