Foremost Clean Energy To Earn Majority Interest Across Athabasca Uranium Portfolio Under Denison Option Agreement

Foremost Clean Energy has completed Phase 2 of its Option Agreement with Denison Mines, earning a 51% interest in 10 Athabasca uranium projects (35.78% in Hatchet Lake) by issuing 848,610 shares valued at $2 million and completing over $8 million in exploration expenditures. The milestone was achieved approximately 15 months ahead of the October 2027 deadline, with the company having made a new uranium discovery at Hatchet Lake and advanced multiple projects through drilling and geophysics.