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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
Core Insights - Foremost Clean Energy Ltd. has appointed Cameron MacKay as Vice President of Exploration, effective June 1, 2025, bringing over a decade of uranium exploration experience [1][2] - The company aims to leverage MacKay's expertise to enhance its exploration capabilities across its portfolio of 10 uranium properties in the Athabasca Basin, particularly following recent successes at the Hatchet Lake property [2][3] - Foremost is strategically positioned to capitalize on the increasing global demand for uranium as nuclear power becomes a prominent clean energy solution [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 [4] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines Corp. [4] - In addition to uranium, Foremost has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, at various stages of development [5]
Foremost Clean Energy Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement Supported by Significant Trading Volume and +260% Increase in Share Price
Globenewswire· 2025-05-27 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has regained compliance with Nasdaq Listing Rule 5550(a)(2), reflecting strong market sentiment and investor confidence in the company's business strategy, as evidenced by a 264% increase in share price from US$0.71 to US$2.60 within a short period [1][2][3]. Company Overview - Foremost Clean Energy Ltd. is an emerging 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 [6][7]. - The company is strategically positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [7][8]. Market Context - The recent executive orders by President Trump on May 23, 2025, emphasize the strategic importance of nuclear energy, aiming to quadruple capacity to 400 GW by 2050, which is significantly higher than the current global uranium supply [4]. - Canada currently supplies approximately 25% of the uranium needed by the U.S., highlighting the importance of discovering additional reliable sources for future energy independence [4]. Strategic Partnerships - Foremost's collaboration with Denison Mines Corp. is a key competitive advantage, enabling the company to accelerate discovery and production timelines in the uranium sector [5][6]. - Denison is on track to start construction of Canada's first in-situ recovery uranium mine in 2026, which could further enhance Foremost's position in the market [5]. Future Outlook - The company anticipates significant opportunities in the uranium sector due to the expected unprecedented demand driven by the nuclear industry's transformation [4][5]. - Foremost aims to solidify its role in the North American nuclear renaissance through systematic exploration efforts and a commitment to delivering strong performance for shareholders [5][7].
Foremost Clean Energy Ltd. Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-05-22 13:00
Toronto, Ontario--(Newsfile Corp. - May 22, 2025) - Foremost Clean Energy Ltd. (NASDAQ: FMST) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on June 5th, 2025 at 2:00 PM ET. We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud. The replay will be emailed out to all webinar registrants proceeding the event an ...
Foremost Clean Energy Completes Highly Successful Exploration Drill Program at Hatchet Uranium Property and Provides Corporate Update
Globenewswire· 2025-05-15 13:00
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. ...
Foremost Clean Energy Announces the Successful Completion of Airborne Geophysical Survey Over its CLK Uranium Property
Globenewswire· 2025-05-07 13:00
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]
Foremost Clean Energy Announces Warrant Incentive Program
Globenewswire· 2025-05-05 13:00
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].
Foremost Clean Energy Reports New Discovery of Uranium Mineralization at Hatchet Lake Property
Globenewswire· 2025-05-01 12:30
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]
Foremost Clean Energy Announces National Marketing Campaign
Globenewswire· 2025-04-28 12:00
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].
Foremost Clean Energy to Conduct Airborne Geophysics Survey Over its CLK Uranium Property
Globenewswire· 2025-04-14 12:00
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 ...