Foremost Clean Energy Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

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].