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Foremost Clean Energy’s C$7M Private Placement
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Foremost Clean Energy’s C$7M Private Placement

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Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.

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Foremost Clean Energy Ltd. has announced a brokered private placement to raise up to C$7 million, with Denison Mines Corp. participating to maintain its nearly 20% stake in the company. The funds will be used primarily for exploration in the Athabasca Basin, advancing Foremost’s uranium and lithium projects.

For further insights into TSE:FAT stock, check out TipRanks’ Stock Analysis page.

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