08:45 AM EDT, 03/12/2025 (MT Newswires) -- Foremost Clean Energy ( FMST ) jumped 9.1% at last look Wednesday in Nasdaq pre-market trading after saying it plans to launch a $6.5 million exploration program in 2025 across its portfolio of uranium properties in Saskatchewan's Athabasca Basin.

The company said the program includes the recently announced follow-up drill program on the Hatchet Lake uranium property, as well as planned exploration on the Murphy Lake South, GR, Blackwing, Wolverine and CLK properties.

This comes after an initial evaluation of the exploration potential of the 10 properties under option from Denison Mines ( DNN ) , Foremost said.

"This $6.5 million exploration program is the next step in our collaboration with Denison and marks a pivotal moment for Foremost Clean Energy ( FMST ) as the company embarks on its most ambitious exploration program," said Jason Barnard, Foremost's president and CEO.

"Despite current market headwinds and the impact that broader economic anxieties may have had on our share price, we firmly believe that Foremost's robust exploration strategy, combined with strong support from Denison, positions us unlock substantial value for our shareholders in the near future."