Core Points - Rio Grande Resources is set to begin trading on the Canadian Securities Exchange under the ticker "RGR" on February 7, 2025, following the approval of its spinout transaction from Foremost Clean Energy Ltd [1][2] - The company holds a 100% interest in the Winston Group of Properties, which includes 147 unpatented lode mining claims and 2 patented mining claims in New Mexico, covering 1,229 hectares (3,037 acres) [3] - High-grade gold and silver samples have been reported, with assays showing up to 66.5 g/t gold and 2,940 g/t silver, indicating strong resource potential [2][4][5] Company Overview - Foremost Clean Energy Ltd is a North American uranium and lithium exploration company, with a focus on developing its uranium properties in the Athabasca Basin and lithium projects across Manitoba and Quebec [10][11] - The company aims to leverage the growing demand for carbon-free energy, positioning itself for significant growth in the uranium and lithium sectors [10] Exploration Plans - Rio Grande plans to initiate a modern exploration program at its New Mexico properties, utilizing advanced geophysical techniques for accurate drill targeting [7] - The initial phase of exploration will focus on fieldwork in 2025, with a subsequent 3,000-foot diamond drilling program planned to test known mineralization [8]
Foremost Clean Energy Announces Commencement of Trading of its Spin-Out, Rio Grande Resources