Denison Mines Corp. is a minerals exploration and development company focused primarily on uranium properties in North America. The company is engaged in the acquisition, exploration, and development of uranium assets, with a significant concentration on projects in Canada's Athabasca Basin, known for its high-grade uranium deposits. Denison actively seeks to expand its portfolio through strategic partnerships and investments, conducting thorough exploration efforts to assess the economic viability of its projects. In addition to its exploration activities, the company is involved in the advancement of its uranium projects towards production, aiming to contribute to the growing demand for clean energy.
Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT), formerly Foremost Lithium Resource & Technology Ltd., is an emerging North American energy exploration company focused on supporting the clean energy transition. Foremost holds an option to acquire an interest in 10 prospective uranium properties, covering over 330,000 acres in the uranium-rich Athabasca Basin of Saskatchewan.
Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT), an emerging North American uranium and lithium exploration company, announced Monday morning that it has officially closed the first phase of its transaction with Denison Mines Corp. (TSX: DML) (NYSE American: DNN) . The company has acquired 20% of Denison’s interest in 10 uranium exploration properties in the Athabasca Basin in Northern Saskatchewan, covering more than 330,000 acres. In addition to other considerations, Denison was issued an aggregate of 1,369,810 common shares of Foremost, becoming the Foremost’s largest shareholder at 19.95%. Denison today announced the filing of an early warning report, under National Instrument 62-103, regarding this holding in Foremost.
Uranium stocks surge after a power deal between Constellation Energy and Microsoft. Discover how Uranium Royalty and Denison Mines benefit from this trend.
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
As we have been harping on for the last couple of years, uranium stocks are continuing their long-awaited ascent. The sector has experienced a significant boost, with spot prices surging 40% over the past year.
Ur-Energy Inc. will build out its Shirley Basin mine in Wyoming, doubling its production capacity. This comes as uranium prices rise and demand for clean nuclear power grows.
