Foremost Clean Energy Continues Exploration Success Reporting Positive Lithium Drill Results at its Jean Lake Gold-Lithium Property

Core Viewpoint - Foremost Clean Energy Ltd. reports positive lithium assay results from its 2025 drill program at the Jean Lake Gold–Lithium Project, indicating the potential for a multi-commodity exploration play with significant lithium and gold mineralization [1][3]. Lithium Results - The drill hole JL25-005B intersected multiple spodumene-bearing intervals, with notable results including 1.64% Li₂O over 5 meters and 2.80% Li₂O over 2.1 meters [3][7]. - Lithium carbonate prices have surged to over $20,000 USD per ton, marking the highest level in two years, which supports a favorable market backdrop for lithium exploration [2]. Exploration Strategy - The company emphasizes a data-driven exploration strategy, with upcoming drill programs aimed at high-impact discoveries, particularly in the Athabasca Basin for uranium resources [4][19]. - Foremost plans to integrate 2025 drill results and historic re-sampling data into an updated geological model to guide future exploration at Jean Lake [8]. Historical Context and Future Plans - The company has completed a historic core re-sampling program, with results pending that will enhance the geological model for both lithium and gold at Jean Lake [6]. - The exploration portfolio includes a significant focus on uranium properties, with an option to earn up to 70% interest in 10 prospective uranium properties in the Athabasca Basin [20]. Market Context - Recent independent research indicates a constructive outlook for energy transition metals, particularly uranium, driven by a structural supply deficit [4]. - The demand for reliable, carbon-free energy sources is increasing, positioning the company strategically within the growing energy sector [19].