Foremost Clean Energy Successfully Completes 2,695 m Drill Program at its Murphy Lake South Uranium Property

Core Insights - Foremost Clean Energy Ltd. has successfully completed a seven-hole, 2,695 meters diamond drill program at the Murphy Lake South Uranium Property, marking the first drilling since 2017 [1][3] - The drilling program aimed to follow up on high-priority targets identified by Denison Mines Corp., utilizing both historical data and new geological insights from a 3D velocity model [1][4] - Preliminary results indicate strong hydrothermal alteration and elevated radioactivity, suggesting the presence of uranium-bearing fluids, which are critical indicators for potential uranium mineralization [3][5] Program Highlights - The drilling confirmed a robust alteration and structural system, indicating the presence of uranium-bearing fluids, consistent with geological features associated with significant uranium deposits [4][5] - Broad zones of hydrothermal alteration were intersected, extending approximately 600 meters, with multiple zones of elevated radioactivity recorded [5][6] - The sandstone-basement contact was found at relatively shallow depths (200–350 meters), which may facilitate cost-effective follow-up drilling [5][6] Drilling Results - The 2025 drill program focused on areas surrounding historical intersections of uranium, confirming a 400-meter mineralized corridor characterized by strong hydrothermal alteration [6][12] - Elevated radioactivity was encountered in several drill holes, with measurements 2-3 times above background levels, indicating active uranium-bearing systems [6][12] - Each drill hole exhibited features typical of uranium mineralization, reinforcing the interpretation of an active uranium-bearing system at Murphy [12][16] Next Steps - Core samples from the drilling program have been submitted for assay analysis, with results expected in the coming weeks [16] - The company plans to integrate assay data into a comprehensive geological model to advance exploration efforts at Murphy [16][17] - A live webinar is scheduled to discuss the company's strategy and exploration momentum, highlighting the technical foundations of its uranium and lithium/gold portfolios [17][18] Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company, holding options on 10 prospective uranium properties in the Athabasca Basin [24][25] - The company aims to make significant discoveries through systematic exploration programs, leveraging its collaboration with Denison Mines [25][26] - As demand for carbon-free energy increases, the company positions itself to benefit from the growth in domestically mined uranium and lithium [25][26]