Foremost Lithium Resource & Technology .(FMST)
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Foremost Clean Energy Reports High-Grade Gold Results from First Two Holes of 2025 Jean Lake Drill Program Highlighted by 10.7 g/t Au over 5.6 m Including 82 g/t Au over 0.7 m
Globenewswire· 2025-11-10 14:00
Core Insights - Foremost Clean Energy Ltd. has confirmed and expanded high-grade gold mineralization at its Jean Lake Gold–Lithium Property, with assay results from the first two drillholes indicating a larger mineralized system than previously defined [1][2][3] Drilling Results - The first two drillholes, JL25-001 and JL25-002, intersected multiple gold-bearing zones along the Valkyrie Trend, extending the known boundaries of the gold-bearing structure [1][2] - Significant assay results include: - JL25-001: 12.7 g/t Au over 2.07 m, including 40 g/t Au over 0.6 m - JL25-002: 10.7 g/t Au over 5.6 m, including 82 g/t Au over 0.7 m [4][8] Market Context - The timing of the high-grade discovery is favorable, as gold prices have recently tested historic highs over US $4,000 per ounce, positioning Foremost for potential growth in a bullish gold market [3] Future Plans - The ongoing 2025 drill program aims to further explore the gold-bearing Valkyrie Trend and systematically test the property's lithium potential [5][9] - Additional assay results from subsequent drilling are pending, with expectations to validate the exploration model [9] Company Overview - Foremost Clean Energy Ltd. is a North American exploration company focused on uranium and lithium, holding significant properties in the Athabasca Basin and across Manitoba and Quebec [18][19]
Foremost Clean Energy Reports Significant Increase in Uranium Grade from Assays Received for Recent Discovery at its Hatchet Lake Project
Globenewswire· 2025-10-29 13:00
Core Insights - Foremost Clean Energy Ltd. has reported final geochemical assay results from its successful 2025 winter drill program at the Hatchet Lake Uranium Property, indicating a significant increase in uranium mineralization grades [1][3][6] Summary by Sections Discovery and Results - The discovery at the Tuning Fork target is a major milestone, resulting from a strategic relationship with Denison Mines Corp. The highlight drill hole TF-25-16 revealed a 6.2-meter zone of mineralization, with a notable 0.45-meter interval showing nearly 1% U3O8 [3][4] - Assay results from TF-25-16 confirmed a significant increase in U3O8 grades, with 0.87% U3O8 over 0.45 meters, compared to a previous estimate of 0.22% over 0.9 meters [6][12] - The total mineralization from TF-25-16 was reported as 6.2 meters with a grade of 0.10% U3O8, indicating potential proximity to a larger mineralizing system [6][8] Follow-up Drilling - Follow-up drill holes TF-25-17 and TF-25-18 showed strong hydrothermal alteration, suggesting the presence of a larger mineralized system [9] - Drill holes TF-25-13 and TF-25-14 encountered uranium anomalies, with TF-25-13 returning 2.5 meters of 0.03% U3O8 [10] Future Plans - The company is integrating new geochemical and structural data to refine exploration strategies and is planning a ground gravity survey for winter 2025-2026 to identify potential hydrothermal alteration anomalies [21][22] - A 2026 winter drill program is being developed to follow up on the successful results from the 2025 drilling [22] 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 in the Athabasca Basin region [28][29]
Foremost Clean Energy Appoints Seasoned Mining Executive Peter Espig to Board of Directors
Globenewswire· 2025-10-27 12:00
Core Insights - Foremost Clean Energy Ltd. has appointed Peter Espig to its Board of Directors, effective immediately, bringing valuable experience in guiding resource companies through development stages to production [1][2] - The company has also appointed Harpreet Bajaj as corporate secretary, enhancing its compliance and governance capabilities [3] Leadership Appointments - Peter Espig is recognized as one of Industry Era's "Top 10 Admired Leaders of 2023" and has a proven track record, having led Nicola Mining Inc. out of creditor protection and increased its market capitalization over thirty-fold during his 12 years of leadership [2] - Harpreet Bajaj has over 17 years of experience in investment banking, regulatory compliance, and corporate governance, which will contribute to the company's operational excellence [3] Strategic Initiatives - The appointments of Espig and Bajaj are seen as strategic moves to strengthen the company's capabilities as it advances its clean energy and critical mineral projects [2] - Espig highlighted the potential of Foremost's uranium and lithium assets, emphasizing their importance to the Canadian economy and the clean energy sector [2] Equity Compensation - In connection with the new appointments, the company has granted 15,618 restricted share units (RSUs) in accordance with its Stock Incentive Plan, which is compliant with CSE and NASDAQ policies [4] 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 in the Athabasca Basin, covering over 330,000 acres [5] - The company also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, positioning itself for growth in the clean energy market [6]
Foremost Clean Energy Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Newsfile· 2025-10-23 12:00
Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company [3] - The company holds an option from Denison Mines Corp. to earn up to 70% interest in 10 prospective uranium properties, covering over 330,000 acres in the Athabasca Basin region of northern Saskatchewan [3] - Foremost's uranium projects are at various stages of exploration, from grassroots to drill-ready targets, indicating a diverse portfolio [3] Lithium Projects - Foremost also has a portfolio of lithium projects at different stages of development, located across more than 55,000 acres in Manitoba and Quebec [4] Upcoming Event - Foremost Clean Energy will present at Red Cloud's Fall Mining Showcase 2025, scheduled for November 4 & 5, 2025, at the Sheraton Centre Toronto Hotel [2] - Jason Barnard, President & CEO, will conduct one-on-one investor meetings during the three-day conference [2]
Foremost Clean Energy Announces 3-Year Drill Permit for Hatchet Uranium Project and Plans for Upcoming 3,000 Metre Winter Drill Program
Globenewswire· 2025-10-02 13:00
Core Insights - Foremost Clean Energy Ltd. has received a three-year exploration permit for its Hatchet Lake Uranium Project, allowing for up to 50 drill holes until December 28, 2028 [1][2] - The uranium industry is experiencing a significant supply-demand deficit, with projections indicating a need for new uranium discoveries to support the anticipated growth in nuclear power capacity [2] - The company plans a 3,000-metre drill program for winter 2025-2026, focusing on high-priority targets including the Tuning Fork discovery and areas identified by Denison Mines Corp. [3][5][6] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding options to earn up to 70% interest in 10 uranium properties in the Athabasca Basin, covering over 330,000 acres [9][11] - The company is committed to disciplined exploration aimed at discovering new uranium deposits, which are essential for the future clean energy economy [6][11] - In addition to uranium projects, Foremost has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec [12]
Foremost Clean Energy Advances Dual Drilling Campaigns on its Murphy Lake South Uranium Project and its Jean Lake Gold-Lithium Project
Globenewswire· 2025-09-25 12:00
Core Viewpoint - Foremost Clean Energy Ltd. is advancing its drilling programs for uranium and gold-lithium concurrently, leveraging the current strength in the uranium market and record high gold prices to enhance its exploration efforts and shareholder value [1][3]. Uranium Market and Murphy Lake Program - The Murphy Lake Uranium Property is undergoing an 8-hole, 2,500-meter diamond drill program targeting high-priority areas for unconformity-style uranium mineralization, following up on historical findings by Denison Mines Corp [2]. - The property is strategically located in the Athabasca Basin, near the Larocque Lake Conductive Corridor, which hosts one of the highest-grade uranium resources globally, with an indicated resource of 48.6 million pounds U3O8 at 34.5% U3O8 [2]. Jean Lake Gold-Lithium Program - The Jean Lake Gold-Lithium Property is also undergoing a 20-hole, 2,500-meter drill program aimed at expanding known high-grade zones and validating historical drilling results [6]. - The property spans 2,476 acres and is situated in a region known for significant gold and lithium deposits, close to Hudbay Minerals' operations, which have produced over 1 million ounces of gold [6]. Drilling Strategy and Historical Context - The current drilling at Jean Lake builds on four years of systematic exploration, including initial discovery, geophysical targeting, and a maiden drill program that intersected high-grade gold and lithium [8]. - The program aims to assess additional gold mineralization at depth and delineate the extent of the B1 spodumene-bearing pegmatite, which previously showed 1.26% Li₂O over 3.35 meters [7]. Technical Advancements - The company employed ambient noise tomography (ANT) to create 3D velocity models for optimizing drill hole placement at Murphy, enhancing targeting confidence by identifying subsurface structures associated with uranium deposits [5]. Company Overview - Foremost Clean Energy Ltd. is a growing North American exploration company focused on uranium and lithium, holding options to earn interests in multiple uranium properties across over 330,000 acres in the Athabasca Basin [11]. - The company aims to make significant discoveries through disciplined exploration programs, capitalizing on the increasing demand for carbon-free energy sources [11].
Foremost Clean Energy Engages with Interactive Offers LLC
Globenewswire· 2025-09-22 09:00
Core Insights - Foremost Clean Energy Ltd. has entered into a marketing services agreement with Interactive Offers LLC to enhance investor and market awareness [1][2] - The agreement with Interactive Offers includes a monthly payment of $200,000 USD for an initial term of 3 months, starting September 21, 2025 [2] - Foremost has also engaged Connect 4 Marketing Ltd. for targeted SEM advertising strategies, with a monthly fee of $20,000 USD for a 3-month term starting September 23, 2025 [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 across over 330,000 acres in the Athabasca Basin [5] - The company is focused on the growing demand for carbon-free energy, with uranium and lithium playing significant roles in clean energy [5] - Foremost also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, at various stages of development [6]
Foremost Clean Energy Announces 2,500 Metre Drill Program at its Jean Lake Gold-Lithium Property
Globenewswire· 2025-09-16 13:00
Core Insights - The company is launching a 20-hole, 2,500 metre diamond drill program at its Jean Lake Gold-Lithium Property to leverage record-high gold prices, aiming to expand known high-grade gold and lithium mineralization [1][2][3] - Concurrently, the company is continuing its drilling operations at the Murphy Lake South Uranium Property, indicating a multi-pronged operational strategy to maximize shareholder value [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American exploration company focused on uranium and lithium, holding a 100% interest in the Jean Lake property and multiple uranium properties in the Athabasca Basin [17][18] - The Jean Lake property is located in a historically significant mining area known for its gold and emerging lithium potential, with previous drilling results showing high-grade gold intercepts [3][7] Drill Program Details - The upcoming drill program at Jean Lake is set to commence in September 2025, with the goal of expanding both lithium and gold mineralized systems [14] - The previous drill campaign (2022-2023) involved 3,002 metres of drilling, successfully intersecting gold and lithium mineralization at various depths, including notable results of 7.5 g/t Au over 7.66 metres [5][12] Market Context - Gold prices have reached historic highs, surpassing $3,680 USD per ounce, prompting the company to capitalize on this market opportunity [2] - The strategic focus on both gold and uranium positions the company to benefit from the growing demand for critical energy minerals in the context of a transition to carbon-free energy [3][17]
Foremost Clean Energy to Issue Shares to Denison Mines Corp. Under Investor Rights Agreement and Strengthen its Treasury by Over $1 Million
Globenewswire· 2025-09-03 13:00
Core Viewpoint - Foremost Clean Energy Ltd. announces a private placement with Denison Mines Corp., which will result in Denison acquiring approximately 19.17% of Foremost's common shares outstanding, strengthening the company's financial position for exploration activities in the Athabasca Basin [1][2][3]. Group 1: Private Placement Details - Denison will subscribe for 485,000 common shares at a price of $2.20 per share, totaling $1,067,000 [2]. - The issuance of shares is in accordance with the Amended & Restated Investor Rights Agreement and has been approved by the Canadian Securities Exchange [2]. - The shares issued will be subject to a hold period of four months and one day from the date of issuance [2]. Group 2: Company Strategy and Focus - The proceeds from the private placement will be utilized to advance exploration for the company's 330,000 acres uranium portfolio in the Athabasca Basin and for general corporate purposes [3]. - The company aims to make significant discoveries through systematic exploration programs in collaboration with Denison [5]. - Foremost Clean Energy holds an option to earn up to a 70% interest in 10 uranium properties in the Athabasca Basin, which is known for its uranium richness [5]. Group 3: Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company [5]. - The company also has a portfolio of lithium projects across over 55,000 acres in Manitoba and Quebec [6]. - The demand for domestically mined uranium and lithium is expected to grow as the need for carbon-free energy increases [5].
Foremost Clean Energy Announces Commencement of a 2,500m Diamond Drill Program at its Murphy Lake South Uranium Property, Athabasca Basin, Saskatchewan
Globenewswire· 2025-09-02 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has initiated an 8-hole, 2,500m diamond drill program at its Murphy Lake South Uranium Property, following a successful ambient noise tomography survey that optimized drill hole placement for high-priority targets in a region with significant uranium potential [1][2][4]. Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [17]. - The company aims to make significant discoveries through systematic exploration programs in collaboration with Denison Mines Corp. [17]. Drill Program Details - The drill program at Murphy Lake South will target high-priority areas in the eastern Athabasca Basin, specifically testing the up-dip potential of drill hole MP17-19, which previously intersected 7.5 meters of 234 ppm U [4][6]. - Drill hole depths are expected to range from 300 to 450 meters, with the first hole focusing on an unconformity above a historic zone of anomalous uranium [4][7]. Survey and Targeting - The ambient noise tomography survey produced a 3D velocity model that enhances targeting confidence by identifying structural offsets and fault zones, which correlate with known uranium deposits [5]. - The results from the ANT survey have been instrumental in optimizing drill hole placement and testing high-priority conductive corridors [5]. Market Context - The timing of the Murphy Lake South drill program is strategic, as recent production cuts from major uranium producers like Cameco are expected to tighten uranium supply, emphasizing the need for new discoveries [2].