Denison Mines increases stake in Foremost Clean Energy with $1.07M share purchase

* Denison Mines (NYSE:DNN [https://seekingalpha.com/symbol/DNN]) announced its further investment in Foremost Clean Energy (NASDAQ:FMST [https://seekingalpha.com/symbol/FMST]) pursuant to its rights under its Investor Rights Agreement with Foremost.
* Foremost (NASDAQ:FMST [https://seekingalpha.com/symbol/FMST]) had completed certain prior share issuances, and Denison has acquired an additional 485,000 common shares for $2.20 a piece, for an aggregate subscription price of $1,067,000.
* On completion of the issuance to Denison (NYSE:DNN [https://seekingalpha.com/symbol/DNN]), Denison holds 2,462,410 Foremost (FMST [https://seekingalpha.com/symbol/FMST]) common shares, representing about 19% of the company's then-issued and outstanding shares.
* Denison (DNN [https://seekingalpha.com/symbol/DNN]) also holds 607,600 Foremost warrants, representing approximately 17% of the issued and outstanding warrants of Foremost.

MORE ON DENISON MINES CORP., FOREMOST CLEAN ENERGY LTD. WT EXP 082428

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* Historical earnings data for Denison Mines Corp. [https://seekingalpha.com/symbol/DML:CA/earnings]
* Financial information for Denison Mines Corp. [https://seekingalpha.com/symbol/DML:CA/income-statement]