Core Viewpoint - Foremost Clean Energy Ltd. is clarifying the effective date of its spin-out of gold and silver properties into a new company, Rio Grande Resources Ltd., which is now set for January 31, 2025, instead of January 30, 2025, as previously indicated [1][2]. Group 1: Spin-Out Details - The spin-out will result in shareholders of Foremost receiving one new common share of Foremost and two common shares of Rio Grande for each common share held as of the Surrender Date [4]. - Trading of Foremost Shares was halted due to erroneous information regarding the delisting date, which was initially reported as January 29, 2025 [3]. Group 2: 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 uranium properties across over 330,000 acres in the Athabasca Basin, Saskatchewan [5]. - The company also has lithium projects at various development stages located on more than 55,000 acres in Manitoba and Quebec [6].
Foremost Clean Energy Provides Clarity Around Halt and Effective Date