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Foremost Clean Energy to Deploy District-Scale MobileMT™ Survey Over its GR and Blackwing Uranium Properties
GlobeNewswire· 2025-07-07 13:34
Core Viewpoint - Foremost Clean Energy Ltd. is set to conduct a large-scale 5,000 line-kilometer MobileMT™ airborne geophysical survey across its GR and Blackwing Uranium Properties in the Athabasca Basin, aimed at identifying high-grade uranium mineralization [1][3]. Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties covering over 330,000 acres in the Athabasca Basin [13]. - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison [13]. Survey Details - The airborne survey will cover approximately 5,000 line-kilometers with a line spacing of 200 meters and tie lines spaced at 2,000 meters [5]. - The MobileMT™ system will penetrate depths of 1 to 2 kilometers, utilizing natural electromagnetic fields and high-sensitivity magnetic and VLF sensors [5]. Technical Highlights - The survey is expected to provide critical data to guide future ground programs and drill targeting on the GR and Blackwing properties [4]. - The GR property is bisected by the Grease River Shear Zone, while the Blackwing property is intersected by the Black Bay Fault, both of which are believed to enhance the potential for uranium mineralization [2][7]. Management and Equity Grant - Foremost has approved the issuance of 413,100 Restricted Stock Units (RSUs) as part of its annual compensation review, aimed at attracting and retaining high-performing individuals [8]. - The RSUs will vest in three equal installments from April 1, 2026, to April 1, 2028, contingent on continued service [9].