Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) will issue 485,000 common shares to Denison Mines Corp. (TSX: DML, NYSE American: DNN) at $2.20 per share for total proceeds of $1,067,000 under the companies’ Amended & Restated Investor Rights Agreement dated July 23, 2025, bringing Denison’s ownership to approximately 19.17% of Foremost’s outstanding common shares; the issuance, approved by the Canadian Securities Exchange, relates to Denison’s equity participation right on prior warrant exercises and property payments, and the shares will be subject to a four-month-plus-one-day hold period.
To view the full press release, visit https://ibn.fm/2zqjP
About Foremost Clean Energy Ltd.
Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option holds an option from Denison Mines Corp. (“Denison”) to earn up to a 70% interest in 10 prospective uranium properties (with the exception of the Hatchet Lake, where Foremost is able to earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy. Foremost’s uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. The Company’s mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.
NOTE TO INVESTORS: The latest news and updates relating to FMST are available in the company’s newsroom at http://ibn.fm/FMST
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