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by Will Purcell

The critical and specialty minerals stocks box score was a pleasing 108-67-135 on Wednesday as the TSX Venture Exchange added 16 points to 974. Jason Barnard's Foremost Clean Energy Ltd. (FAT) rose two cents to $2.47 on 15,000 shares. The company has sold 1.69 million flow-through shares at $3.40 apiece, raising nearly $5.75-million. Foremost had been seeking $5.5-million, so the underwriters partially exercised their greenshoe option that had allowed them to buy up to $825,000 of additional shares.

The cash, says Mr. Barnard, president and chief executive officer, is for exploration at the company's uranium projects in Northern Saskatchewan, and perhaps at its lithium and gold project near Snow Lake in Manitoba. The uranium properties, on which Foremost can earn up to a 70-per-cent interest from Denison Mines Ltd. (DML: $5.07), appear the favoured destination. The company says that it has completed geophysical surveys and multiple drill campaigns that have generated encouraging results and defined high-priority, discovery-ready targets for follow-up drilling.

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