01:44 PM EDT, 10/25/2024 (MT Newswires) -- Foremost Clean Energy ( FMST ) up 5%, on Friday upsized its private placement financing to $9.5 million from $7 million.

Foremost will issue a combination of units, flow-through units and charity flow-through units. The underwriters have also been granted an over-allotment option of up to $1 million in any combination of units, FT units and Charity FT units.

Denison Mines ( DNN ) will participate in the offering to maintain its 19.95% stake.

Proceeds will be used for exploration expenditures on Foremost's uranium properties in Saskatchewan.

The offering is scheduled to close on November 13.

Foremost was last seen up $0.17 to $3.49 on the Canadian Securities Exchange.

Price: 3.49, Change: +0.17, Percent Change: +5.12