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DNN & Foremost Complete First Phase of Option Deal for Uranium Assets
DNNDenison Mines(DNN) ZACKS·2024-10-08 17:01

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 ...