Uranium Explorer Jumps as Partner Agrees to Fund 80% of Two Athabasca Properties
A deal that moves most of the exploration bill on two large uranium land packages onto a bigger partner lifted a small explorer on Friday. Keeping a 20% stake while the partner funds 80% of the work lets a company with limited cash stay exposed to a discovery in northern Saskatchewan without paying to find one.Foremost Clean Energy Ltd. (CSE: FAT) (NASDAQ: FMST), a Vancouver-based uranium, lithium and gold explorer, agreed late Thursday to sell a 31% interest in its GR and Blackwing properties to Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and to form two exploration joint ventures ...