Key Highlights: Highly successful initial results from Foremost’s inaugural drill program at the Hatchet Lake Uranium Property (“Hatchet”)Discovery consists of multiple mineralized intervals, including 0.22% eU3O8 over 0.9 metres, within a 15-metre-wide zone of alterationHatchet drill program is ongoing, with follow-up of new mineralization plannedHatchet program is part of Foremost’s $6.5 million 2025 Athabasca Basin exploration budget expected to test high priority target areas across uranium project port ...

VANCOUVER, British Columbia, April 28, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to announce the launch of an unprecedented multi-platform investor awareness campaign designed to educate millions of North American retail and institutional investors by combining premium, multi-level media channels. This comprehensive initiative blends premium broadcast media, targeted digital dissemination, and institutional outreach to articulate t ...

VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") an emerging North American uranium and lithium exploration company, is pleased to announce that it has engaged Expert Geophysics Surveys Inc. ("EGS") to conduct a 771 line-kilometer MobileMT™ airborne geophysical survey over its CLK Uranium Property situated in Athabasca Basin region in northern Saskatchewan. The survey is expected to enhance the Company's unders ...

Core Viewpoint - Foremost Clean Energy Ltd. is currently not in compliance with Nasdaq Listing Rule 5550(a)(2) due to its common shares closing below the minimum bid price of US$1.00 for 31 consecutive business days, prompting a notification from Nasdaq [1][2]. Compliance Period and Next Steps - The company has been granted a 180-calendar day compliance period, ending on October 6, 2025, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of ten consecutive business days [2]. - If compliance is not regained by the deadline, the company may be eligible for an additional 180-calendar day grace period, provided it meets other listing requirements [3]. Management's Response - Foremost's management is actively evaluating options to address the bid price deficiency and is committed to maintaining its Nasdaq listing, asserting that the notification does not affect its business operations, financial condition, or corporate strategy [4]. Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding options to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin, Saskatchewan [5]. - The company also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, positioning itself to benefit from the growing demand for carbon-free energy [6].

Core Viewpoint - Foremost Clean Energy Ltd. has initiated its 2025 exploration drill program at the Hatchet Lake Uranium Project in the Athabasca Basin, aiming to evaluate high-potential exploration targets for uranium and lithium [1][2]. Exploration Program Details - The drill program consists of 2,000 meters of helicopter-supported diamond drilling, focusing on the Tuning Fork and Richardson target areas [1][2]. - The Tuning Fork area will receive 1,000 meters of drilling, targeting shallow unconformity depths of 120 to 160 meters, where historical data indicates significant structures and mineralization [3]. - The Richardson area will also receive approximately 1,000 meters of drilling, aimed at following up on historical mineralization along a 7 km conductive anomaly [4]. Company Background - Foremost Clean Energy Ltd. is a growing North American exploration company focused on uranium and lithium, holding options to earn up to 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [7]. - The company is positioned to benefit from the increasing demand for carbon-free energy, with its uranium projects at various stages of exploration [7][9].

Core Viewpoint - Foremost Clean Energy Ltd. is launching a $6.5 million exploration program in 2025 to advance its uranium properties in the Athabasca Basin, focusing on multiple properties including Hatchet Lake, Murphy Lake South, GR, Blackwing, Wolverine, and CLK [1][2][3] Group 1: Exploration Program Details - The exploration program will include drilling, geophysical surveys, and geochemical exploration aimed at identifying and testing discovery-ready targets across the Athabasca Basin [2] - The program is expected to generate additional new exploration targets on several under-explored properties [2] - The Murphy Lake South property consists of 6 mineral claims totaling 17,676 acres (7,153 hectares) and is located near significant uranium deposits, indicating high potential for mineralization [4][6] Group 2: Specific Property Plans - The CLK property, covering 25,753 acres (10,422 hectares), will undergo an airborne EM and magnetic survey followed by a 2,000-meter diamond drilling program to explore historical uranium mineralization [7] - The Wolverine property, comprising 12,444 acres (5,036 hectares), is set for a geochemical survey in summer 2025 to identify zones of uranium enrichment [8] - The GR and Blackwing properties will have airborne electromagnetic and magnetic surveys conducted in summer 2025 to define conductive trends and identify drill targets [9][12] Group 3: Company Positioning and Strategy - Foremost Clean Energy holds an option to earn up to a 70% interest in 10 uranium properties, spanning over 330,000 acres in the Athabasca Basin, positioning the company for significant growth in the clean energy sector [14] - The company emphasizes its collaboration with Denison Mines Corp. as a key factor in its exploration strategy, aiming to unlock substantial value for shareholders [3][14] - The company also has a portfolio of lithium projects across over 55,000 acres in Manitoba and Quebec, indicating a diversified approach to clean energy resources [15]

Core Insights - Foremost Clean Energy Ltd. announced positive exploration results from its 2024 drill program at the Hatchet Lake Uranium Property, indicating the prospectivity of two mineralized target areas: Richardson and Tuning Fork [2][4][5] Exploration Results - The Richardson target area reported notable uranium intercepts, including 0.11% U3O8 (901 ppm U) from 81.2 to 81.4 meters and additional significant values from other intervals [5][8] - The Tuning Fork target area showed strong geochemical signatures with elevated levels of boron (up to 5,670 ppm), copper (up to 233 ppm), nickel (up to 387 ppm), and cobalt (up to 209 ppm), indicating a hydrothermal system capable of precipitating uranium [5][12][13] Future Plans - The company is developing follow-up drill programs for both the Richardson and Tuning Fork target areas, with plans to conduct drilling in both winter and summer seasons [4][16] - Additional target generation is warranted due to multiple intervals with over 300 meters of untested strike length in the Richardson and Tuning Fork conductive trends [19] Strategic Partnerships - Foremost is partnering with TraderTV to enhance investor communication and market awareness through a comprehensive marketing strategy, which includes various promotional activities [20][21] Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding options to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin region [24][25]

Financial Performance - The net loss for the three months ended December 31, 2024, was CAD 2,012,936, compared to a loss of CAD 654,940 for the same period in 2023, indicating a 207.5% increase in losses[4] - For the nine months ended December 31, 2024, the company reported a comprehensive loss of $4,393,940, compared to a loss of $2,958,769 in the same period of 2023, representing an increase of approximately 48.5%[6] - The net cash used in operating activities for the period was $3,972,599, up from $2,805,372 in the previous year, indicating a 41.6% increase in cash outflow[6] - Basic and diluted loss per common share for the nine months ended December 31, 2024, was CAD 0.67, compared to CAD 0.68 for the same period in 2023[4] Assets and Equity - Total assets increased to CAD 29,640,051 as of December 31, 2024, up from CAD 16,598,857 on March 31, 2024, representing an increase of 78.5%[2] - Total shareholders' equity increased to CAD 26,142,542 as of December 31, 2024, up from CAD 13,209,537 on March 31, 2024, representing a growth of 98.5%[2] - Exploration and evaluation assets increased to CAD 22,814,614, up from CAD 15,094,413, reflecting a growth of 51.5%[2] - The total exploration and evaluation assets balance as of December 31, 2024, was $22,814,614, an increase from $11,012,075 as of March 31, 2024, indicating a growth of 107.5%[19] Liabilities - Total liabilities increased slightly to CAD 3,497,509 as of December 31, 2024, compared to CAD 3,389,320 on March 31, 2024[2] - The company reported a deficit of $25,508,596 as of December 31, 2024, compared to $21,481,123 as of March 31, 2024, representing an increase in deficit of approximately 18.9%[10] Financing Activities - The company issued 3,292,971 shares in private placements, raising CAD 11,955,379 during the period[5] - The company raised $11,850,379 through private placements in 2024, significantly higher than the $5,418,400 raised in 2023, marking a 118.5% increase[6] - The company continues to seek additional financing through equity and/or debt issuances to support its operations and corporate objectives[11] Exploration and Evaluation - The company has incurred exploration and evaluation acquisition costs of $249,319 and expenditures of $1,096,576 during the nine-month period[6] - The company has incurred cumulative exploration expenditures of CAD 881,337 towards the Lac Simard South property, with a total requirement of CAD 3,000,000 due by June 9, 2027[29] - The company entered into an option agreement with Denison Mines Corp. to acquire up to a 70% interest in exploration properties in the Athabasca Basin, with an initial 20% interest earned during the nine-month period ended December 31, 2024[30] Grants and Government Support - The company received a CAD 300,000 grant from the Manitoba Government for the Zoro Lithium Property, with CAD 100,000 received during the year ended March 31, 2024, and the remaining CAD 200,000 received in the nine-month period ended December 31, 2024[22] - The company has received a total of CAD 300,000 in grants for exploration work on the Jean Lake property, with CAD 100,000 received during the year ended March 31, 2024[24] Share-Based Payments and Compensation - Share-based payments for the nine months ended December 31, 2024, totaled CAD 706,436, compared to CAD 855,461 for the same period in 2023[4] - The company recorded share-based compensation of $282,176 for the three-month period and $394,376 for the nine-month period ended December 31, 2024, compared to $128,900 and $808,100 for the same periods in 2023, respectively[51] - During the nine-month period ended December 31, 2024, the company granted 222,491 Restricted Share Units (RSUs) with a total estimated fair value of $605,176[61] Management and Personnel - During the three-month period ended December 31, 2024, total remuneration for key management personnel was $704,511, an increase of 109.5% from $335,654 in the same period of 2023[71] - For the nine-month period ended December 31, 2024, total remuneration for key management personnel was $1,039,011, a decrease of 13.5% from $1,201,379 in the same period of 2023[71] Spin-Out Transaction - The company completed a spin-out transaction on January 31, 2025, transferring 100% of the shares of Sierra into Rio Grande, which included the issuance of promissory notes totaling $1,197,450 to related parties[91] - This spin-out transaction is part of a broader strategy to optimize asset allocation and market presence[97]

Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company with an option to earn up to a 70% interest in 10 prospective uranium properties covering over 330,000 acres in the Athabasca Basin region of Saskatchewan [6] - The company also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec [7] Industry Participation - Foremost Clean Energy will participate in the PDAC 2025 Convention, the world's premier mineral exploration and mining convention, taking place from March 2-5, 2025, in Toronto, Canada [1][2] - The convention is expected to attract over 27,000 attendees from more than 135 countries, featuring over 1,100 exhibitors and 700 speakers [2] Exploration Plans - The company is focused on ongoing exploration plans for its Athabasca Basin uranium projects and will host meetings with industry peers, media, and qualified investors during the convention [3] - Foremost's uranium projects are at various stages of exploration, from grassroots to drill-ready targets, with a mission to make significant discoveries in collaboration with Denison [6] Equity Grants - The company has granted 9,200 stock options and 7,088 Restricted Share Units (RSUs) to a director, along with 36,000 options to MZHCI, LLC, an investor relations provider [4] - The options are exercisable at a price of $1.38 CAD ($0.99 USD) per share and are valid for a term of 5 years, with all awards subject to a statutory hold period of four months and one day [5]

Core Points - Rio Grande Resources is set to begin trading on the Canadian Securities Exchange under the ticker "RGR" on February 7, 2025, following the approval of its spinout transaction from Foremost Clean Energy Ltd [1][2] - The company holds a 100% interest in the Winston Group of Properties, which includes 147 unpatented lode mining claims and 2 patented mining claims in New Mexico, covering 1,229 hectares (3,037 acres) [3] - High-grade gold and silver samples have been reported, with assays showing up to 66.5 g/t gold and 2,940 g/t silver, indicating strong resource potential [2][4][5] Company Overview - Foremost Clean Energy Ltd is a North American uranium and lithium exploration company, with a focus on developing its uranium properties in the Athabasca Basin and lithium projects across Manitoba and Quebec [10][11] - The company aims to leverage the growing demand for carbon-free energy, positioning itself for significant growth in the uranium and lithium sectors [10] Exploration Plans - Rio Grande plans to initiate a modern exploration program at its New Mexico properties, utilizing advanced geophysical techniques for accurate drill targeting [7] - The initial phase of exploration will focus on fieldwork in 2025, with a subsequent 3,000-foot diamond drilling program planned to test known mineralization [8]