Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company with an option to earn up to a 70% interest in 10 prospective uranium properties, covering over 330,000 acres in the Athabasca Basin region of northern Saskatchewan [6] - The company also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec [7] Upcoming Event Participation - Foremost Clean Energy will participate in the PDAC 2025 Convention, the world's premier mineral exploration and mining convention, taking place from March 2-5, 2025, in Toronto, Canada [1][2] - The convention is expected to attract over 27,000 attendees from over 135 countries, featuring more than 1,100 exhibitors and 700 speakers [2] Exploration Plans - The company is focused on ongoing exploration plans for its Athabasca Basin uranium projects and will host meetings with industry peers, media, and qualified investors during the convention [3] - The President & CEO of Foremost Clean Energy expressed excitement about the company's forthcoming drill programs and the growing recognition of nuclear energy's importance [3] Equity Grants - The company has granted 9,200 stock options and 7,088 Restricted Share Units (RSUs) to a director, along with 36,000 options to MZHCI, LLC, an investor relations provider [4] - The options are exercisable at a price of $1.38 CAD ($0.99 USD) per share and are valid for a term of 5 years [5]

Core Viewpoint - Foremost Clean Energy Ltd. is set to spin out its gold and silver properties into a new public company, Rio Grande Resources Ltd., with the effective date now scheduled for January 31, 2025 [1] Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin, Saskatchewan [3] - The company also has a portfolio of lithium projects at various development stages, located on more than 55,000 acres in Manitoba and Quebec [4] Spin-Out Details - Shareholders of Foremost as of January 30, 2025, will receive one New Foremost Share and two Rio Grande Shares for each Foremost Share held as of the Surrender Date [1] - Registered shareholders with physical share certificates should refer to the January 28, 2025 news release for instructions on receiving the Consideration Shares [2]

Core Viewpoint - Denison Mine (DNN) has shown a downtrend recently, losing 9.2% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be subsiding, which is a bullish signal for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that despite a downtrend, buyers are starting to emerge [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for DNN, which is a bullish indicator as it typically leads to price appreciation [6]. - The consensus EPS estimate for DNN has increased by 6.3% over the last 30 days, indicating strong agreement among analysts regarding the company's improved earnings potential [7]. - DNN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperforms the market [8].

Core Points - Foremost Clean Energy Ltd. has announced a plan of arrangement to spin out its gold and silver properties located in Sierra County, New Mexico, to shareholders through Rio Grande Resources Ltd. [7] - Shareholders will receive two common shares of Rio Grande for each common share of Foremost they hold, with the arrangement expected to close around January 10, 2025, pending necessary approvals [2][9] - The arrangement has been overwhelmingly approved by shareholders, with 99.86% voting in favor at the annual general and special meeting [1][8] Company Structure and Leadership - Following the arrangement, shareholders will hold shares in two public companies: Foremost, focused on uranium and lithium exploration, and Rio Grande, which will develop the Winston Property [3] - Amanda Willett has been appointed as the newest independent director of Foremost, bringing extensive experience in corporate governance and the mining sector [5][10] - The board of directors has been set at six members, with Jason Barnard confirmed as President and CEO, and Douglas L. Mason as Chairman [11] Trading and Regulatory Information - Foremost shares will continue trading on the Canadian Securities Exchange (CSE) under the symbol FAT and on NASDAQ under FMST, while Rio Shares will commence trading on the CSE [3] - Rio Grande will become a reporting issuer in British Columbia, Alberta, and Ontario, with the British Columbia Securities Commission as its principal regulator [3] Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [14] - The company also has a portfolio of lithium projects located across more than 55,000 acres in Manitoba and Quebec, aimed at supporting the growing demand for carbon-free energy [15]

Core Insights - Denison Mines Corp. (NYSE: DNN) has reported strong Q3 results, indicating solid operational progress and future potential for the company [1]. Financial Position - The financial position of Denison Mines is described as outstanding, suggesting a robust balance sheet and favorable financial metrics that may support future growth [1]. Investment Strategy - The company is positioned for long-term investment, appealing to investors with a 5-10 year horizon, and emphasizes a portfolio strategy that includes a mix of growth, value, and dividend-paying stocks [1].

Financial Performance - Total revenues for the three months ended September 30, 2024, were $695,000, a decrease of 10.6% compared to $777,000 for the same period in 2023[6] - The net loss for the period was $25,767,000, compared to a net income of $58,237,000 for the same period in 2023, indicating a significant decline[6] - The company reported a comprehensive loss of $25,751,000 for the three months ended September 30, 2024, compared to a comprehensive income of $58,123,000 for the same period in 2023[6] - For the nine months ended September 30, 2024, the total revenues from the Mining segment were $695,000, while the total segment loss was $15,298,000[88] - The company reported a segment loss of $31,700,000 for the three months ended September 30, 2023, with total revenues of $763,000[89] Operating Expenses - Operating expenses increased to $1,030,000 for the three months ended September 30, 2024, from $797,000 in the same period last year, reflecting a rise of 29.2%[6] - The company incurred exploration expenses of $2,834,000 for the three months ended September 30, 2024, up from $2,052,000 in the same period in 2023, an increase of 37.9%[6] - Share-based compensation expense for the nine months ended September 30, 2024, totaled $3,425,000, compared to $2,686,000 for the same period in 2023[65] - Key management personnel compensation for the three months ended September 30, 2024, was $1,709,000, compared to $1,056,000 for the same period in 2023, reflecting a significant increase[99] Assets and Liabilities - Total liabilities increased to $86,977,000 as of September 30, 2024, compared to $84,819,000 at the end of 2023, representing a rise of 2.6%[2] - Total equity decreased to $584,910,000 from $641,784,000, reflecting a decline of 8.8%[2] - Cash and cash equivalents decreased to $105,933,000 from $131,054,000, a decline of 19.2%[3] - The company’s total financial liabilities, including accounts payable and accrued liabilities, amounted to $14,957,000 as of September 30, 2024, compared to $11,239,000 as of December 31, 2023[107] - Accounts payable and accrued liabilities increased to $12,912,000 as of September 30, 2024, up from $10,822,000 at December 31, 2023[48] Investments - The company holds 2,200,000 pounds of physical uranium with a market value of $242,780,000, equating to $81.75 per pound[30] - Total investments decreased to $267,710,000 at September 30, 2024, from $302,897,000 at December 31, 2023, reflecting a reduction of approximately 11.6%[28] - The investment in joint venture (JCU) increased to $18,173,000 at September 30, 2024, up from $17,290,000 at December 31, 2023, indicating a growth of approximately 5.1%[34] - The company made additional investments in JCU amounting to $2,615,000 during the nine months ended September 30, 2024[35] - The total net assets of JCU increased to $36,346,000 at August 31, 2024, from $34,580,000 at December 31, 2023, representing an increase of approximately 5.1%[39] Cash Flow and Financial Position - The company reported interest income of $6,173,000 for the nine months ended September 30, 2024, compared to $2,321,000 for the same period in 2023[77] - The change in non-cash working capital items resulted in a positive cash flow of $1,124,000 for the nine months ended September 30, 2024[77] - The fair value of cash and cash equivalents as of September 30, 2024, was $105,933,000, down from $131,054,000 as of December 31, 2023[107] - The company incurred letter of credit fees of $314,000 during the nine months ended September 30, 2024, compared to $320,000 for the same period in 2023[109] Revenue Recognition - Deferred revenue decreased to $34,415,000 as of September 30, 2024, from $34,958,000 at December 31, 2023, with $2,853,000 of toll milling revenue recognized during the nine months ended September 30, 2024[49][54] - The Company recognized a total of $2,601,000 in production-based revenue from toll milling for the nine months ended September 30, 2023, based on production of 10,310,000 pounds U3O8[55] Market and Fair Value - Investments in uranium are categorized in Level 2 and measured at fair value based on the month-end spot price for uranium[108] - The fair value of equity instruments-shares as of September 30, 2024, was $10,455,000, slightly up from $10,390,000 as of December 31, 2023[107] - There were no transfers between levels 1, 2, and 3 in the fair value hierarchy during 2024 and 2023[106] Other Financial Metrics - The accumulated other comprehensive income balance at September 30, 2024, was $1,767,000, down from $1,818,000 at December 31, 2023[75] - The company experienced a foreign exchange loss of $308,000 for the three months ended September 30, 2024, compared to a gain of $803,000 for the nine months ended September 30, 2023[75] - The company incurred $360,000 in expenditures related to the earn-in option for the Kindersley Lithium Project, with a total cash payment of $800,000 made to Grounded Lithium[47] - The company entered into an option agreement with Foremost Clean Energy Ltd, acquiring 1,369,810 shares valued at $5,876,000 for an initial 20% ownership in 10 uranium exploration properties[115] Capital Expenditures - Capital additions for property, plant, and equipment totaled $7,213,000 for the nine months ended September 30, 2024[84] - As of September 30, 2024, the company has $9,900,000 in committed capital purchases related to the Wheeler Joint Venture, expected to be realized over the next 12 to 18 months[111]

Denison Mine Corp. (DNN) received 1,369,810 common shares in Foremost Clean Energy Ltd. in exchange of an initial 20% interest in its in 10 uranium exploration properties. This marks the completion of the first stage of the option deal between Denison and Foremost, which was announced on Sept. 24, 2024. According to the deal, which has an aggregate value of up to $30 million, Foremost can acquire up to 70% of Denison's interest in 10 uranium exploration properties. This will support Foremost's transition to ...

HT Ganzo Overview Denison Mines (NYSE:DNN) is a Canadian high-quality uranium development company with several interesting assets. The company is listed in the U.S. and Canada (TSX:DML:CA). I have covered Denison a few times with my first article on the company in 2020, the prior articles can be found here. The stock price of Denison had its recent lows around $1 a little over a year ago, it then had a strong run in the back half of 2023 into 2024 as the price of uranium recovered from very depressed levels ...

Exhibit 99.1 (Unaudited - Expressed in thousands of Canadian dollars ("CAD") except for share amounts) At June 30 2024 At December 31 2023 ASSETS Current Cash and cash equivalents (note 4) $ 121,067 $ 131,054 Trade and other receivables 2,422 1,913 Inventories 3,207 3,580 Investments-equity instruments (note 5) 7,093 10,400 Prepaid expenses and other 1,270 1,594 135,059 148,541 Non-Current Inventories-ore in stockpiles 2,098 2,098 Investments-equity instruments (note 5) - 117 Investments-uranium (note 5) 25 ...

Denison Mine (DNN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this uranium mining company would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Denison Mine, which belongs to t ...