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Foremost Clean Energy issues shares to Denison Mines, raising $335K to fund uranium exploration.

Company Fundamentals
19 May 2026
GlobeNewsWire
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Bullish
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Foremost Clean Energy Ltd. will issue 137,590 common shares to Denison Mines Corp. at $2.44 per share, raising approximately $335,720. This move is part of an equity participation right under their investor agreement and will strengthen Foremost's treasury. The funds will be used to advance exploration of Foremost's large uranium portfolio in the Athabasca Basin, including the promising Hatchet Lake Uranium Project. Denison's stake in Foremost will increase to about 15.8% after this issuance, supporting ongoing development in nuclear energy resources.

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