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Foremost Clean Energy Announces Warrant Incentive Program
Globenewswireยท 2025-05-05 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has launched a warrant incentive program to encourage the exercise of up to 487,848 warrants, aiming to enhance liquidity and raise capital for investment purposes [1][4]. Group 1: Incentive Program Details - The Incentive Program offers a temporary repricing of the warrant exercise price from $4.00 to $1.75 per common share during the Early Exercise Period, which ends on June 05, 2025 [2]. - Participants in the program will receive an additional common share purchase warrant (Incentive Warrant) for each exercised warrant, which can be exercised at $2.20 per common share for one year from issuance [2][3]. - Only 10% of the warrants held by insiders are eligible for exercise under this program, and finder's warrants from prior placements are not eligible [4]. Group 2: Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company, holding options to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [7]. - The company also has lithium projects at various development stages, located on more than 55,000 acres in Manitoba and Quebec, positioning itself to benefit from the increasing demand for carbon-free energy [8].