India, Oct. 23 -- Foremost Clean Energy Ltd. (FMST) agreed to sell a 31% interest in its GR and Blackwing properties to Denison Mines Corp.
The deal includes forming two exploration joint ventures and issuing 1,031,191 share purchase warrants for total consideration of $650,000. The warrants will have an exercise price of $1.80 per share, over 175% above Foremost's October 22, 2026 closing share price, and will expire after five years.
The transaction is expected to be completed around November 2, 2026, subject to regulatory and stock exchange approvals and other standard closing conditions.
On the Nasdaq, the shares were trading 16.59 percent up at $0.5200.
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