Denison Mines (TSE:DML) has released an update.
Denison Mines Corp. has entered into an option agreement with Foremost Clean Energy Ltd., where Foremost can acquire up to a 70% interest in ten of Denison’s non-core uranium exploration properties for up to $30 million. The deal includes direct payments and funding of exploration by Foremost, aiming to amplify exploration efforts and potentially increase discovery chances in Denison’s Athabasca Basin portfolio. Denison will also become the largest shareholder in Foremost, gaining strategic rights in future explorations.
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