Denison Mines Corp. announced on September 12, 2025, a further investment in Foremost Clean Energy Ltd., exercising its rights under an existing Investor Rights Agreement. Denison acquired an additional 485,000 common shares at a price of $2.20 per share, for an aggregate subscription price of $1,067,000.
Following this acquisition, Denison now holds 2,462,410 Foremost common shares, representing approximately 19% of Foremost's then issued and outstanding shares. Denison also holds 607,600 Foremost warrants, representing approximately 17% of the issued and outstanding warrants.
This increased stake reinforces Denison's strategic collaboration with Foremost, which involves the exploration of several of Denison's non-core uranium exploration properties. The investment maintains Denison's exposure to potential exploration success within the Athabasca Basin.
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