Foremost Clean Energy Appoints Seasoned Mining Executive Peter Espig to Board of Directors

Core Insights - Foremost Clean Energy Ltd. has appointed Peter Espig to its Board of Directors, effective immediately, bringing valuable experience in guiding resource companies through development stages to production [1][2] - The company has also appointed Harpreet Bajaj as corporate secretary, enhancing its compliance and governance capabilities [3] Leadership Appointments - Peter Espig is recognized as one of Industry Era's "Top 10 Admired Leaders of 2023" and has a proven track record, having led Nicola Mining Inc. out of creditor protection and increased its market capitalization over thirty-fold during his 12 years of leadership [2] - Harpreet Bajaj has over 17 years of experience in investment banking, regulatory compliance, and corporate governance, which will contribute to the company's operational excellence [3] Strategic Initiatives - The appointments of Espig and Bajaj are seen as strategic moves to strengthen the company's capabilities as it advances its clean energy and critical mineral projects [2] - Espig highlighted the potential of Foremost's uranium and lithium assets, emphasizing their importance to the Canadian economy and the clean energy sector [2] Equity Compensation - In connection with the new appointments, the company has granted 15,618 restricted share units (RSUs) in accordance with its Stock Incentive Plan, which is compliant with CSE and NASDAQ policies [4] Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company, holding an option to earn up to 70% interest in 10 uranium properties in the Athabasca Basin, covering over 330,000 acres [5] - The company also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, positioning itself for growth in the clean energy market [6]