Core Points - Foremost Clean Energy Ltd. is set to spin out its Winston Gold and Silver Properties to Rio Grande Ltd., with shareholders receiving 2 Rio Grande shares for every 1 Foremost share [1][2][4] - The share exchange will occur on the effective date of the arrangement, with only shareholders of record as of October 24, 2024, eligible to vote at the upcoming Annual General and Special Meeting (AGSM) [3] - The completion of the arrangement is anticipated in January 2025, pending necessary approvals [3] Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, with a focus on uranium properties in the Athabasca Basin region of Saskatchewan [7] - The company has an option to earn up to a 70% interest in 10 prospective uranium properties, covering over 330,000 acres [7] - Foremost also holds a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec [8] Technical Report - An updated Technical Report for the Winston Gold-Silver Project has been filed, effective November 4, 2024, in accordance with National Instrument 43-101 [5] - The report aims to provide updates on the project and present new technical findings related to exploration activities [5][6]
Foremost Clean Energy Corrects Red Cloud Contract and Provides Details For Its Plan of Arrangement