Foremost Clean Energy Announces 2,500 Metre Drill Program at its Jean Lake Gold-Lithium Property

Core Insights - The company is launching a 20-hole, 2,500 metre diamond drill program at its Jean Lake Gold-Lithium Property to leverage record-high gold prices, aiming to expand known high-grade gold and lithium mineralization [1][2][3] - Concurrently, the company is continuing its drilling operations at the Murphy Lake South Uranium Property, indicating a multi-pronged operational strategy to maximize shareholder value [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American exploration company focused on uranium and lithium, holding a 100% interest in the Jean Lake property and multiple uranium properties in the Athabasca Basin [17][18] - The Jean Lake property is located in a historically significant mining area known for its gold and emerging lithium potential, with previous drilling results showing high-grade gold intercepts [3][7] Drill Program Details - The upcoming drill program at Jean Lake is set to commence in September 2025, with the goal of expanding both lithium and gold mineralized systems [14] - The previous drill campaign (2022-2023) involved 3,002 metres of drilling, successfully intersecting gold and lithium mineralization at various depths, including notable results of 7.5 g/t Au over 7.66 metres [5][12] Market Context - Gold prices have reached historic highs, surpassing $3,680 USD per ounce, prompting the company to capitalize on this market opportunity [2] - The strategic focus on both gold and uranium positions the company to benefit from the growing demand for critical energy minerals in the context of a transition to carbon-free energy [3][17]