Foremost Clean Energy Ltd. (NASDAQ:FMST) (CSE:FAT) ("Foremost" or the "Company") is pleased to report that it has closed a transaction with Denison Mines Corp. ("Denison") resulting in, among other things, the sale of a 31% interest in the GR and Blackwing properties (together, the "Properties"), the formation of two exploration joint ventures ("JVs"), and the issuance of 1,031,191 share purchase warrants (the "Warrants") in exchange for total cash consideration of $650,000 (collectively, the "Transaction"). The Warrants have an exercise price of $1.80 per warrant share, which represents over a 175% premium to Foremost’s closing share price on October 22, 2026, the date on which the Transaction was announced, and have a 5-year term.

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