06:10 AM EDT, 09/15/2025 (MT Newswires) -- Denison Mines ( DNN ) late Friday said it made another investment in Foremost Clean Energy ( FMST ) under their investor rights agreement.

The company bought 485,000 common shares at $2.20 each for a total of about $1.1 million, following Foremost's earlier share issuances.

After the purchase, Denison holds about 2.5 million Foremost shares, representing roughly 19% of the company's issued and outstanding shares.

Denison also holds 607,600 Foremost warrants, representing about 17% of the issued and outstanding warrants of Foremost.

Denison will be filing an early warning report due to the change in its common share holdings in Foremost.