Foremost Lithium Resource & Technology .(FMST)

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Foremost Clean Energy Advances Murphy Lake South Uranium Project with Ambient Noise Tomography Survey Ahead of Drilling
Globenewswire· 2025-07-21 10:30
Core Insights - Foremost Clean Energy Ltd. has engaged Caur Technologies Inc. to conduct an ambient noise tomography survey on its Murphy Lake South Uranium Property in the Athabasca Basin, aiming to refine exploration targets and generate new ones [1][3] - The demand for nuclear energy is increasing, with significant investments in new reactors and a projected annual deficit of 67 million pounds U₃O₈ in the U.S. by 2035, positioning Foremost to capitalize on this trend [2][5] - The ANT technology is expected to enhance exploration efforts by detecting geological features linked to uranium mineralization, with drilling planned to commence after the survey [3][8] Company Developments - Foremost is advancing high-potential uranium projects in Saskatchewan, leveraging its collaboration with Denison Mines Corp. to enhance developmental timelines [4][10] - The Murphy Lake South Project spans 17,676 acres and is strategically located near significant uranium deposits, with historical drilling indicating promising mineralization [6][10] - The company plans to initiate a Phase 1 diamond drilling program following the ANT survey, targeting areas within 200–350 meters of the surface [8] Industry Context - The nuclear energy sector is experiencing unprecedented growth, driven by new reactor developments and substantial investments in clean energy [2] - The Athabasca Basin is recognized for its rich uranium deposits, making it a focal point for exploration and development in the uranium market [10] - The innovative SABRE mining method recently launched by Denison and Orano Canada highlights the region's production potential and the importance of advanced technology in unlocking high-grade uranium deposits [5]
Foremost Clean Energy Exercises Low-Cost Option to Acquire 100% Ownership of Jean Lake Lithium-Gold Property
Globenewswire· 2025-07-16 13:00
By completing this option agreement first entered into in July 2021, Foremost has acquired 100% interest in the Jean Lake Lithium-Gold Property with historic high-grade gold intercepts and confirmed lithium mineralization VANCOUVER, British Columbia, July 16, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce it has exercised a low-cost option to acquire a 100% interest in the 2,476-acre Jean Lake Lithium-Gold Project (“Jean La ...
Foremost Clean Energy to Deploy District-Scale MobileMT™ Survey Over its GR and Blackwing Uranium Properties
GlobeNewswire· 2025-07-07 13:34
Core Viewpoint - Foremost Clean Energy Ltd. is set to conduct a large-scale 5,000 line-kilometer MobileMT™ airborne geophysical survey across its GR and Blackwing Uranium Properties in the Athabasca Basin, aimed at identifying high-grade uranium mineralization [1][3]. Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties covering over 330,000 acres in the Athabasca Basin [13]. - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison [13]. Survey Details - The airborne survey will cover approximately 5,000 line-kilometers with a line spacing of 200 meters and tie lines spaced at 2,000 meters [5]. - The MobileMT™ system will penetrate depths of 1 to 2 kilometers, utilizing natural electromagnetic fields and high-sensitivity magnetic and VLF sensors [5]. Technical Highlights - The survey is expected to provide critical data to guide future ground programs and drill targeting on the GR and Blackwing properties [4]. - The GR property is bisected by the Grease River Shear Zone, while the Blackwing property is intersected by the Black Bay Fault, both of which are believed to enhance the potential for uranium mineralization [2][7]. Management and Equity Grant - Foremost has approved the issuance of 413,100 Restricted Stock Units (RSUs) as part of its annual compensation review, aimed at attracting and retaining high-performing individuals [8]. - The RSUs will vest in three equal installments from April 1, 2026, to April 1, 2028, contingent on continued service [9].
Foremost Clean Energy Announces Drilling at its Murphy Lake South Uranium Project
Globenewswire· 2025-07-02 13:00
VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”), is pleased to announce that drilling is scheduled to begin this month at the Murphy Lake South Uranium Property (“Murphy”), which is located in the world-renowned Athabasca Basin region of northern Saskatchewan. This fully permitted and fully funded program is designed as a first phase of multiple potential phases, intended to test high-priority structural corrid ...
Foremost Clean Energy Advances Exploration on its Wolverine Uranium Property
Globenewswire· 2025-06-25 13:00
Strategic Geochemical Radon Survey Underway to Enhance Understanding Along Key Geological Structure VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce that it has commenced a radon survey at its Wolverine Uranium Property ("Wolverine"), which is located in the world-renowned Athabasca Basin region of northern Saskatchewan and situated on the southeastern edge of the Basin approximately 15 ki ...
Foremost Lithium Resource & Technology .(FMST) - 2025 Q4 - Annual Report
2025-06-20 20:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
Foremost Clean Energy Fortifies Its Treasury with over $4.5 Million in Warrant and Option Exercises and Extends Successful National Marketing Campaign
Globenewswire· 2025-06-16 13:00
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased today to announce a significant strengthening of its financial position and the continuation of its strategic national marketing initiative. As a result of recent exercises of warrants and options by warrant holders and insiders, the treasury has been bolstered by over $4.5 million. This substantial increase in capital provides a solid foundation for Fo ...
Foremost Clean Energy Announces 3-Year Exploration Drill Permit for CLK Uranium Property Showcasing Exploration Pipeline
Globenewswire· 2025-06-10 12:30
CLK was strategically staked by Denison Mines Corp ("Denison", NYSE American: DNN) and is comprised of 25,753 acres (10,422 hectares) located approximately 30 kilometers south of the northern Athabasca Basin margin. The property lies within the Snowbird Tectonic Zone, which is a structural corridor that is known to host several uranium occurrences (see figure 1 below). The property is adjacent to Saskatchewan Highway 905 and can be accessed via winter trail or year-round via aircraft from airstrips at eithe ...
Foremost Clean Energy Announces 3-Year Exploration Drill Permit for Murphy Lake South Uranium Property; Targeting Summer Drill Program
GlobeNewswire News Room· 2025-06-05 13:00
Core Insights - Foremost Clean Energy Ltd. has received a three-year exploration permit for the Murphy Lake South Property in the Athabasca Basin, allowing for extensive mineral exploration activities until December 31, 2027 [1][2] - The property is strategically located near the LaRocque Lake Conductive Corridor, which hosts high-grade uranium deposits, including the Hurricane Deposit [2][3] - Historical drilling has indicated the presence of anomalous uranium and pathfinder elements, suggesting a potentially significant mineralizing system [2][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 in the Athabasca Basin, covering over 330,000 acres [12] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines [12] Exploration Plans - A fully-funded summer drill program is being planned, which includes a two-phase drilling approach targeting high-priority areas [4][14] - Phase 1 will involve approximately 1,500 meters of diamond drilling to explore the unconformity and underlying basement rocks, while Phase 2 will follow up on geophysical anomalies identified in Phase 1 [14] Geological Features - The Murphy Lake South Property spans 17,676 acres and is characterized by geological features similar to those found near the Hurricane Deposit, including shallow unconformity and mineralization potential [3][6] - Historical drilling results have shown significant uranium intersections, with notable results including 0.25% U3O8 over 6 meters and 618 ppm U in previous drill holes [6][4] Strategic Collaboration - The company is collaborating with Denison Mines, with Denison's President and CEO participating in a corporate update webinar to discuss exploration progress and future plans [2][8]
Foremost Clean Energy Strengthens Leadership Team with Appointment of Cameron MacKay as Vice President of Exploration
Globenewswire· 2025-06-02 13:00
VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce the appointment of Cameron MacKay as Vice President of Exploration effective June 01, 2025. Mr. MacKay is a seasoned uranium exploration executive with over a decade of experience and a track record of uranium discovery in the Athabasca Basin. “We are extremely pleased to welcome Cameron to Foremost's leadership team," said Jason Barnard, Pr ...