Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company focused on supporting the increasing demand for reliable, carbon-free energy [3] - The company holds an option to earn up to 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [4] - Foremost also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, addressing the needs for electrification and energy storage [5] Strategic Developments - Foremost has engaged RedChip Companies, Inc. to lead its investor relations and strategic communications efforts, utilizing a multi-channel platform to reach a broad base of investors [1] - The engagement aims to elevate Foremost's profile and capitalize on growing investor interest in critical minerals and uranium as a nuclear fuel source [2] - RedChip will receive $11,000 per month for six months, starting January 19, 2026, with no securities issued as compensation [2] Exploration and Growth Potential - The company is advancing a multi-property exploration program in the Athabasca Basin, with multiple drill programs planned for the year [2] - Foremost employs a data-driven exploration strategy supported by extensive historical drilling and geophysical data, which provides a competitive advantage in targeting high-potential mineralized trends [4] - Encouraging results from previous geophysical surveys and drill campaigns have defined high-priority, discovery-ready targets for follow-up drilling [4]

Core Viewpoint - Foremost Clean Energy Ltd. reports positive lithium assay results from its 2025 drill program at the Jean Lake Gold–Lithium Project, indicating the potential for a multi-commodity exploration play with significant lithium and gold mineralization [1][3]. Lithium Results - The drill hole JL25-005B intersected multiple spodumene-bearing intervals, with notable results including 1.64% Li₂O over 5 meters and 2.80% Li₂O over 2.1 meters [3][7]. - Lithium carbonate prices have surged to over $20,000 USD per ton, marking the highest level in two years, which supports a favorable market backdrop for lithium exploration [2]. Exploration Strategy - The company emphasizes a data-driven exploration strategy, with upcoming drill programs aimed at high-impact discoveries, particularly in the Athabasca Basin for uranium resources [4][19]. - Foremost plans to integrate 2025 drill results and historic re-sampling data into an updated geological model to guide future exploration at Jean Lake [8]. Historical Context and Future Plans - The company has completed a historic core re-sampling program, with results pending that will enhance the geological model for both lithium and gold at Jean Lake [6]. - The exploration portfolio includes a significant focus on uranium properties, with an option to earn up to 70% interest in 10 prospective uranium properties in the Athabasca Basin [20]. Market Context - Recent independent research indicates a constructive outlook for energy transition metals, particularly uranium, driven by a structural supply deficit [4]. - The demand for reliable, carbon-free energy sources is increasing, positioning the company strategically within the growing energy sector [19].

Core Insights - Foremost Clean Energy Ltd. plans a $9 million exploration program for 2026, focusing on its Athabasca Basin uranium projects, covering 130,000 hectares [1][6][24] - The company aims to advance multiple targets, including Hatchet Lake and Turkey Lake, while also progressing its Jean Lake Gold Project in Manitoba [2][5][19] 2026 Exploration Program Highlights - The program includes approximately 11,500 meters of drilling, with 5,000 meters planned at Hatchet Lake and 2,000–2,500 meters at Turkey Lake [6][14] - Recent drilling at Hatchet Lake revealed a new uranium discovery with 6.2 meters of 0.10% U₃O₈, including 0.87% U₃O₈ over 0.45 meters [5][6] - Jean Lake will see around 4,000 meters of drilling, building on previous results that indicated high-grade gold [5][17][18] Project-Specific Updates - Hatchet Lake's drilling will follow up on the new discovery and is supported by extensive geophysical datasets and gravity survey results [4][8] - Turkey Lake is set to advance with a summer 2026 drilling program targeting shallow structural corridors, with historical drilling showing uranium intercepts [10][11][14] - The company is also interpreting results from a MobileMT survey over its GR and Blackwing properties to create drill-ready targets for 2026 [15] Strategic Focus - The company's strategy emphasizes deploying capital where data is strongest, particularly in uranium exploration, which is seen as having scalable value [4][5] - Foremost is well-funded and optimistic about the potential for meaningful discoveries in its exploration efforts [5][19]

Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding an option from Denison Mines Corp. to earn up to 70% interest in 10 prospective uranium properties across over 330,000 acres in the Athabasca Basin region of northern Saskatchewan [2] - The company also has a portfolio of lithium projects at varying stages of development, located across more than 55,000 acres in Manitoba and Quebec [3] Recent Developments - At the annual general meeting held on December 16, 2025, all matters submitted for shareholder approval were approved, including the election of six directors and the appointment of Davidson & Company LLP as auditors for the upcoming year [1] - The company’s amended and restated stock incentive plan was also approved during the meeting [1]

Core Insights - Foremost Clean Energy Ltd. has experienced a transformative year in 2025, achieving significant milestones in exploration projects and emerging as a financially robust entity in the clean energy metals sector [2][3]. Company Achievements - The company has strengthened its foundation with a fortified balance sheet, landmark exploration discoveries, and a share price increase of over 100% year over year [3]. - Foremost has successfully executed diamond drilling programs on three core projects: Hatchet Lake, Murphy Lake South, and Jean Lake, demonstrating a dual-commodity exploration strategy [6][10]. Uranium Market Dynamics - The U.S. has declared nuclear energy a national security priority, leading to a ban on Russian uranium imports and significant investments to revive domestic production, which are expected to drive demand for uranium [4][7]. - Global uranium demand is projected to surge nearly 30% by 2030, with the U.S. nuclear capacity mandate requiring 2.5 times more uranium than the current global supply [7]. Exploration Highlights - At the Hatchet Lake Uranium Project, the maiden winter drill program exceeded expectations, discovering a new uranium zone with assay results showing 0.87% U₃O₈ over 0.45 meters, which is two times higher than earlier estimates [6][8]. - The Jean Lake Project has reported multiple gold intercepts, including 10.7 g/t Au over 5.6 meters, indicating potential for significant gold discoveries [14]. Financial Position - The company has reduced its debt by almost 40%, more than doubled its assets, and significantly increased shareholders' equity, positioning itself for future growth [12]. - Capital infusion from warrant and option exercises provided approximately $5.65 million in fresh capital [15]. Strategic Partnerships and Developments - A strategic spin-out of non-core assets to Rio Grande Resources Ltd. has unlocked value for shareholders, with Foremost retaining a 19.95% interest [15]. - The company has formed a strategic alignment with Denison Mines, which has provided technical support and financial backing [15]. Future Outlook - Foremost plans to execute an aggressive exploration program in 2026, focusing on high-priority uranium targets and expanding the Jean Lake Project [16][17]. - The company is well-positioned to capitalize on the growing demand for uranium and clean energy metals, particularly in the context of increasing power requirements from AI and data centers [18].

Core Insights - Foremost Clean Energy Ltd. has successfully completed its 2025 diamond drill program at the Jean Lake Gold–Lithium Property, totaling 2,266 metres across 15 holes, with assay results from four holes reported and results from the remaining 11 pending [1][5] - The company is initiating a strategic core re-sampling program focusing on high-priority drill core from the 2023 drill program to enhance geological understanding and improve results [1][2] Company Developments - The 2025 drill program aims to expand understanding of the near-surface gold system along the Valkyrie Trend and test the spodumene-bearing B1 Pegmatite, with assay results for holes JL25-005 to JL25-015 still pending [5][6] - A dedicated sampling crew is on-site for re-sampling high-priority intervals from the 2023 drill program, including hole FM23-08, which previously returned 102 g/t Au over 0.5 m [3][5] - Upon receiving all assay results and new re-sampling data, the company will update its geological and structural model for Jean Lake, integrating data from the 2023 and 2025 programs to refine drilling targets for an expanded program anticipated in 2026 [6] Upcoming Events - Foremost's President and CEO will present at RedChip's Metals & Mining Virtual Investor Conference on December 11, 2025, providing insights into the company's exploration and development efforts [7][8]

Core Insights - Foremost Clean Energy Ltd. has successfully completed its 2025 diamond drill program at the Jean Lake Gold–Lithium Property, consisting of 15 holes totaling 2,266 meters, with assay results from four holes reported and results from the remaining 11 pending [1][2] - The company is initiating a strategic core re-sampling program to enhance geological understanding and fill gaps in data, particularly focusing on intervals adjacent to known high-grade gold intercepts [2][3] Company Developments - The 2025 drill program aims to expand knowledge of the near-surface gold system along the Valkyrie Trend and test the spodumene-bearing B1 Pegmatite, with assay results for holes JL25-005 to JL25-015 still pending [5][6] - A dedicated sampling crew is on-site for re-sampling unsampled intervals to clarify gold continuity and grade distribution, focusing on six high-priority drill holes from 2023 [3][6] Future Plans - Upon receiving all assay results and new re-sampling data, the company will update its geological and structural model for Jean Lake, integrating data from 2023 and 2025 to refine targets for future drilling [6] - An expanded drill program is anticipated for 2026 based on the updated geological model [6]

Core Viewpoint - Foremost Clean Energy Ltd. is initiating a ground-based gravity survey at its Hatchet Lake Uranium Property to refine geological models and enhance future drilling programs [1][3]. Survey Details - The gravity survey will consist of approximately 788 gravity stations, collected at 100-meter intervals on 200-meter line spacing, focusing on priority structural corridors along the southeast extension of the Richardson Trend [4]. - The survey aims to identify gravity lows and gradients associated with hydrothermal alteration halos and fault-controlled fluid pathways, prioritizing gravity anomalies that overlap with graphitic shear zones and geochemical anomalies for drill testing [7]. Richardson Trend - The Hatchet Lake Project encompasses a significant portion of the Richardson Trend, which is known for hosting uranium mineralization and has over 6 km of under-tested conductor strike length [6]. - The structural setting of the Richardson Trend is similar to other major uranium systems in the eastern Basin margin, such as the La Rocque Corridor, which hosts notable deposits [6]. Historical Context - Previous drilling along the Richardson Trend by Denison Mines Corp. revealed multiple uranium-bearing intervals, with significant results including 1.52% U₃O₈ over 0.15 m and 0.45% U₃O₈ over 2.3 m [10][7]. - The results from the gravity survey are expected to directly influence the upcoming winter 2026 drill program, ensuring a focused and data-driven approach [3][8]. Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company, holding an option to earn up to 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [12]. - The company is committed to systematic exploration programs in collaboration with Denison Mines, aiming to make significant discoveries in the uranium sector [12].

Core Viewpoint - Foremost Clean Energy Ltd. has received a three-year exploration permit for its Turkey Lake Uranium Project, allowing for extensive exploration activities, including a ground-based gravity survey set to begin in December 2025, aimed at refining drill targets for a planned 2026 drilling program [1][2][3]. Exploration Permit and Project Overview - The Saskatchewan Ministry of Environment has issued a three-year exploration permit for the Turkey Lake Uranium Project, valid until December 31, 2028, permitting up to 75 drill holes and related exploration activities [1]. - The Turkey Lake Property spans 9,363 acres (3,789 hectares) and is strategically located along the eastern edge of the Athabasca Basin, featuring shallow unconformity depths of less than 50 meters and a 10-kilometer conductor system that remains largely untested [7][8]. Gravity Survey Details - A ground-based gravity survey will commence in December, consisting of approximately 1,312 stations collected at 100-meter intervals across a priority NE-trending conductive corridor [4][6]. - The survey aims to identify gravity lows associated with hydrothermal alteration and to map fault-controlled fluid pathways, enhancing the geological model for future drilling [6][13]. Historical Context and Mineralization - Historical exploration by Gulf Minerals, Cameco, and Denison between 1978 and 2010 has identified multiple zones of unconformity-associated uranium mineralization at Turkey Lake, including notable intercepts of 0.16% U₃O₈ over 0.6 meters and 0.12% U₃O₈ over 0.5 meters [3][12][8]. - The results from past drilling confirm a fertile uranium-bearing fluid system along the Turkey Lake conductive corridor, indicating significant basement potential that remains largely untested [8]. Future Plans - The results from the gravity survey will be integrated with existing datasets to prioritize drill targets for the projected 2026 drill program, focusing on both unconformity and basement-hosted uranium targets [13].

Core Insights - Foremost Clean Energy Ltd. has confirmed high-grade gold mineralization at its Jean Lake Gold-Lithium Property, with recent drill results indicating a consistent and expanding mineralized system along the Valkyrie Trend [1][2][11] - The 2025 drill program aims to delineate the near-surface gold discovery and has successfully confirmed a larger mineralized footprint, with significant gold intercepts reported [5][10] Summary by Sections Drill Results - Drill holes JL25-003 and JL25-004 have reported multiple gold intercepts, including 34.2 g/t over 0.8 meters within 9.0 g/t over 3.5 meters in JL25-003, highlighting the strength of the Jean Lake project [3][4] - The results from these drill holes, along with previous intercepts, all occur within 100 meters from the surface, indicating the potential for more near-surface gold [1][5] Company Commentary - Jason Barnard, President and CEO of Foremost, expressed increasing encouragement from the drilling results, noting the consistency of mineralization near the surface [2][4] - The company believes that the combination of shallow high-grade results and a strong gold market positions the Jean Lake project as a compelling value driver for shareholders [4][11] Future Plans - The company plans to continue its 2025 drill program with a focus on further step-outs along the Valkyrie Trend and initial testing of lithium-bearing pegmatite targets, with additional assay results pending [10][11] - The progression of positive drilling results since 2023 provides a clear basis for continued follow-up work on the Valkyrie Trend [11] Technical Details - The 2025 drill program's objective is to test the scale and continuity of the gold discovery and delineate the near-surface, spodumene-bearing B1 Pegmatite [5] - Significant gold intercepts from previous drill holes, such as FM23-08, further validate the potential of the mineralized system [5][7] Company Background - Foremost Clean Energy Ltd. is a North American exploration company focused on uranium and lithium, holding interests in multiple properties across Saskatchewan and Manitoba [18][19] - The company aims to make significant discoveries through systematic exploration programs in response to the growing demand for carbon-free energy [18]