Foremost Clean Energy Announces $9.0 Million 2026 Exploration Program

Core Insights - Foremost Clean Energy Ltd. plans a $9 million exploration program for 2026, focusing on its Athabasca Basin uranium projects, covering 130,000 hectares [1][6][24] - The company aims to advance multiple targets, including Hatchet Lake and Turkey Lake, while also progressing its Jean Lake Gold Project in Manitoba [2][5][19] 2026 Exploration Program Highlights - The program includes approximately 11,500 meters of drilling, with 5,000 meters planned at Hatchet Lake and 2,000–2,500 meters at Turkey Lake [6][14] - Recent drilling at Hatchet Lake revealed a new uranium discovery with 6.2 meters of 0.10% U₃O₈, including 0.87% U₃O₈ over 0.45 meters [5][6] - Jean Lake will see around 4,000 meters of drilling, building on previous results that indicated high-grade gold [5][17][18] Project-Specific Updates - Hatchet Lake's drilling will follow up on the new discovery and is supported by extensive geophysical datasets and gravity survey results [4][8] - Turkey Lake is set to advance with a summer 2026 drilling program targeting shallow structural corridors, with historical drilling showing uranium intercepts [10][11][14] - The company is also interpreting results from a MobileMT survey over its GR and Blackwing properties to create drill-ready targets for 2026 [15] Strategic Focus - The company's strategy emphasizes deploying capital where data is strongest, particularly in uranium exploration, which is seen as having scalable value [4][5] - Foremost is well-funded and optimistic about the potential for meaningful discoveries in its exploration efforts [5][19]