Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.
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Foremost Clean Energy Ltd. successfully closed a brokered private placement, raising C$10.5 million, including the full exercise of the agent’s option. The proceeds will be used for exploration expenditures on the company’s uranium properties in Saskatchewan and general corporate purposes. Denison Mines Corp., a significant shareholder, maintained its stake by acquiring additional units.
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