Foremost forms joint ventures with Denison for uranium properties, issuing warrants at a 175% premium.

Foremost Clean Energy Ltd. has agreed with Denison Mines Corp. to sell a 31% interest in the GR and Blackwing uranium properties and form two exploration joint ventures. Foremost will receive $650,000 and retain a 20% stake in each property, while Denison will fund 80% of future exploration costs. Additionally, Foremost will issue over one million warrants to Denison at an exercise price 175% above the current share price. This deal allows Foremost to maintain exposure to potential exploration success without bearing full costs, with completion expected by early November 2026.

Denison Mines Corp shares are trading at USD 2.16 on Pluang, down 7.30% in the last day. The stock's market cap stands at $2.10 billion as of Oct 23, 2026 07:21 WIB.