Foremost Clean Energy Reports New Discovery of Uranium Mineralization at Hatchet Lake Property

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]