Foremost Clean Energy to Sell 31% Stakes in GR, Blackwing Properties to Denison Mines

Foremost Clean Energy Ltd. (FMST) agreed to sell a 31% interest in its GR and Blackwing properties to Denison Mines Corp., forming two exploration joint ventures and issuing 1,031,191 share purchase warrants for total consideration of $650,000. The warrants carry an exercise price of $1.80 per share — more than 175% above Foremost's October 22, 2026 closing price — and expire after five years. The transaction is expected to close around November 2, 2026, subject to regulatory and stock exchange approvals and other customary closing conditions. On the Nasdaq, Foremost shares were trading 16.59% higher at $0.5200.