Highlights include: Anomalous radioactivity was detected in 6 out of 10 completed drill holes, assay results are pendingAt Tuning Fork, identification of an extensive hydrothermal system, strong alteration halo, and anomalous radioactivity surrounding drill hole TF-25-16At Richardson, uranium mineralization was extended 50-metres along the Richardson conductor in drill hole RL-25-32 confirming system’s growth potential VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. ...

Core Insights - Foremost Clean Energy Ltd. has successfully completed an airborne geophysical survey over the CLK Uranium Property in the Athabasca Basin, which will help identify conductive trends and structural features related to uranium mineralization [1][2] - The company anticipates receiving interpreted results from the survey in the coming weeks to delineate targets for a planned summer 2025 drill program [1][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 across over 330,000 acres in the Athabasca Basin [9] - The company is focused on systematic and disciplined exploration programs to make significant discoveries in collaboration with Denison Mines [9] Project Details - The CLK property consists of 2 claims covering approximately 25,753 acres (10,422 hectares) and is located about 30 km south of the northern edge of the Athabasca Basin [2] - Historical drilling at CLK has shown notable uranium mineralization, including an intersection of 8,600 ppm U at 862 meters depth in hole CLG-D1 and 510 ppm U at approximately 900 meters depth in hole CLG-D5 [8] Upcoming Activities - A 2,000-meter diamond drill program is planned for summer 2025, focusing on testing extensions of historical intersections and newly identified conductive anomalies from the recent survey [4][5] - The use of deep-penetrating geophysical methods is expected to enhance the identification of high-priority drill targets associated with significant uranium deposits [5]

Core Viewpoint - Foremost Clean Energy Ltd. has launched a warrant incentive program to encourage the exercise of up to 487,848 warrants, aiming to enhance liquidity and raise capital for investment purposes [1][4]. Group 1: Incentive Program Details - The Incentive Program offers a temporary repricing of the warrant exercise price from $4.00 to $1.75 per common share during the Early Exercise Period, which ends on June 05, 2025 [2]. - Participants in the program will receive an additional common share purchase warrant (Incentive Warrant) for each exercised warrant, which can be exercised at $2.20 per common share for one year from issuance [2][3]. - Only 10% of the warrants held by insiders are eligible for exercise under this program, and finder's warrants from prior placements are not eligible [4]. Group 2: Company Overview - Foremost Clean Energy Ltd. is a growing 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 [7]. - The company also has lithium projects at various development stages, located on more than 55,000 acres in Manitoba and Quebec, positioning itself to benefit from the increasing demand for carbon-free energy [8].

Core Insights - Foremost Clean Energy Ltd. announced the discovery of uranium mineralization in drill hole TF-25-16, which intersected 0.10% eU3O8 over 6.5 metres within a 15-metre wide interval of alteration at the Hatchet Lake Uranium Project [1][4] - The ongoing drilling campaign is part of a $6.5 million exploration budget for 2025, focusing on high-priority target areas across the uranium project portfolio [4] Company Developments - The discovery at Hatchet is attributed to a strategic collaboration with Denison Mines Corp., which provided valuable historical exploration data [2] - Foremost is prioritizing follow-up on the new mineralization while testing additional targets defined by Denison's groundwork [2] - The company appointed Shayla Forster as Corporate Secretary, effective May 1, 2025, to enhance corporate governance and compliance as it advances its uranium projects [12] Technical Details - Drill hole TF-25-16 was completed to a depth of 251 metres and is located approximately 1 km SSW of a historic drill hole that showed weakly elevated uranium mineralization [5] - The mineralization in TF-25-16 is associated with strong clay-hematite-chlorite alteration and remains open along strike, across strike, and at depth, indicating potential for expansion [7][13] - The initial results from the drill program include multiple mineralized intervals, with highlights such as 0.22% eU3O8 over 0.9 metres [4][6] Exploration Context - Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, which is known for its rich uranium deposits [16] - The company's uranium projects are at various stages of exploration, from grassroots to drill-ready targets, aligning with the growing demand for carbon-free energy [16]

Core Viewpoint - Foremost Clean Energy Ltd. is launching a multi-platform investor awareness campaign to educate North American investors about the importance of nuclear energy, Canada's mineral supply chain, and the company's unique market position in uranium and lithium exploration [1][2]. Group 1: Campaign Overview - The campaign aims to educate investors on Foremost's uranium portfolio in Saskatchewan and lithium assets in Manitoba and Quebec, while addressing macro trends such as small modular reactor adoption and projected uranium supply deficits [2]. - The campaign will utilize a combination of premium broadcast media, targeted digital dissemination, and institutional outreach [1]. Group 2: Marketing Agreements - Foremost has engaged RedChip Companies Inc. for a national television campaign, including a 30-second advertisement on CNBC and Fox Business, and a 30-minute CEO interview on Bloomberg TV [3][4]. - The company has entered into a marketing services agreement with LFG Equities Corp. for strategic advice and digital marketing services, with a total fee of USD $500,000 over three months [5][6]. - An extension of the marketing agreement with Spark Newswire has been announced, providing digital marketing services for CAD $75,000 over six weeks [7][8]. Group 3: Company Profile - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company with a focus on the Athabasca Basin, holding an option to earn up to a 70% interest in 10 uranium properties [9]. - The company also has lithium projects across over 55,000 acres in Manitoba and Quebec, positioning itself for growth in the clean energy sector [10].

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. has initiated its 2025 winter exploration program at the Hatchet Lake Uranium Project, aiming to capitalize on the growing demand for uranium driven by the global energy transition and increasing nuclear power capacity commitments from over 30 countries and 160 corporations by 2050 [3][15]. Company Developments - The initial phase of the exploration program includes site preparation and is set to begin diamond drilling shortly, focusing on high-priority targets in the eastern Athabasca Basin [1][2]. - The planned drill program consists of 2,000 meters of diamond drilling across 8 drill holes, targeting depths of approximately 250 meters, with a focus on two areas: Tuning Fork and Richardson [4][10]. - Foremost has recognized the contributions of Johnathan More, who will resign from the board effective April 1, 2025, and the company is evaluating options for a new independent director [11]. Exploration Strategy - The exploration program is designed to target sandstone-hosted and basement-hosted uranium mineralization along conductive trends identified through previous drilling and geophysical surveys [5][6]. - Drill targets have been prioritized based on historical results showing confirmed uranium mineralization coinciding with untested conductive anomalies, aiming to expand known mineralization and discover new sources [6][7]. - The 2025 drilling campaign will test the extent of previously identified mineralized zones and explore untested EM conductors over a strike length of up to 700 meters [7][10]. Market Context - The uranium market is experiencing a critical juncture with increasing demand for nuclear power and a shortfall in primary uranium production, creating opportunities for uranium producers and explorers, particularly in stable jurisdictions like Canada [3][15]. - The Hatchet Lake project benefits from shallow sandstone cover, allowing for efficient and cost-effective exploration, which is expected to enhance the potential for discovery in the upcoming drill campaign [10].

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]