Core Viewpoint - Foremost Clean Energy Ltd. has signed an Exploration Agreement with the Kiciwapa Cree Nation to support responsible mineral exploration in Manitoba, establishing a framework for collaboration based on transparency, environmental responsibility, and community engagement [1][2][3]. Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company focused on meeting the growing demand for reliable, carbon-free energy [9]. - The company holds an option to earn up to 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [10]. - Foremost employs a data-driven exploration strategy, utilizing extensive historical drilling and geophysical data to identify high-potential mineralized trends [10]. Exploration Agreement Details - The Agreement includes processes for advance notice of exploration activities, regular engagement, and information sharing [6]. - It supports environmental and cultural stewardship, allowing KCN to conduct monitoring during exploration and engage community representatives [6]. - Economic participation for KCN members is emphasized through employment, training, and contract opportunities, along with financial commitments for community engagement and development [6]. Kiciwapa Cree Nation Overview - Kiciwapa Cree Nation is located in northwest Manitoba, with a strong connection to the land and a commitment to honoring their traditions and culture [7][8]. - The Nation's main community, Sherridon, serves as a central gathering place, reflecting their commitment to self-determination and a thriving future [8].

Core Insights - The company has reported results from a targeted historic core resampling program at its 100%-owned Jean Lake Gold-Lithium Property, aimed at improving the understanding of gold distribution along the Valkyrie and Midas Gold Trends [1][2] Summary of Results - The resampling program identified additional mineralized sections and improved the representation of gold distribution within the Valkyrie structural corridor, supporting the refinement of geological interpretation [2][3] - The integration of new assay results from the 2025 gap-fill resampling program with previously reported gold intercepts from the 2023 drill program shows that mineralization extends beyond earlier reported intercepts [3][6] Significant Assay Results - Notable assay results include: - FM23-25: 1.10 g/t Au over 8.0 metres from 22.0–30.0m, including 6.9 g/t Au over 0.5 metres [5] - FM23-08: 0.64 g/t Au over 10 metres from 106.5-116.9m [5] - The updated interpretation indicates that the Valkyrie Trend has been traced over approximately 600 metres of strike length [9] Next Steps - The company plans to integrate the new gap-fill assay results with the 2025 drill program results to assist in the next phase of exploration, which will include step-out and infill drilling aimed at expanding the mineralized footprint [9][15] Quality Control and Analytical Methods - All drill core samples were collected as NQ-sized core, with systematic sampling conducted in mineralized zones and continuous sampling outside these zones [10] - Samples were analyzed by SGS Canada Inc., utilizing methods such as Fire Assay and multi-element geochemical analyses, ensuring strict quality control protocols [10][11]

VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to report the final assay results from its 2025 diamond drill program at its 100%-owned Jean Lake Gold-Lithium Property (“Jean Lake”) located near the historic mining centre of Snow Lake in Manitoba. The program consisted of 15 drill holes (see Figure 1) totaling 2,266 metres (see News Release dated December 8, 2025). Final assays returned high-grade ne ...

FOREMOST CLEAN ENERGY LTD. Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited – Prepared by Management) December 31, 2025 Corporate Head Office 250 – 750 West Pender Street Vancouver, BC V6C 2T7 FOREMOST CLEAN ENERGY LTD. Condensed Interim Consolidated Statements of Financial Position (Expressed in Canadian Dollars) (Unaudited – Prepared by Management) | | | December 31, | | March 31, | | --- | --- | --- | --- | --- | | | | 2025 | | 2025 | | ASSETS | | | | | | Cur ...

Core Viewpoint - Foremost Clean Energy Ltd. is set to initiate a 5,000-metre diamond drill program at its Hatchet Lake Uranium Project in mid-February 2026, following a successful 2025 winter drill program that led to a new uranium discovery [1][2]. Drill Program Overview - The upcoming drill program aims to systematically follow up on the TF-25-16 discovery, which intersected 0.87% U₃O₈ over 0.45 metres within a broader 6.2-metre interval averaging 0.10% U₃O₈ [1][5]. - The program will focus on multiple high-priority targets, including Tuning Fork and Beta Grid at Hatchet Lake South, and Richardson SE at Hatchet Lake North [3][12]. Target Areas - The Tuning Fork target area will be prioritized for step-out and infill drilling to test the continuity of mineralization and refine structural controls [5][7]. - Tuning Fork West has identified a previously untested electromagnetic conductor approximately 1.2 kilometres in strike length, which is considered a high-priority target [9]. - The Beta Grid target area shows a 20.3-metre offset in the depth to the Athabasca unconformity, interpreted as an east-directed thrust fault, which will be evaluated through targeted drilling [10]. - The Richardson SE target area contains over 5 kilometres of untested electromagnetic conductor strike length, with recent ground gravity survey results being integrated to refine drill targets [12]. Exploration Outlook - The drill program is designed to advance additional drill-ready targets generated through integrated geological and geophysical interpretation, with a focus on identifying zones of structural complexity and hydrothermal alteration [15][20]. - The company believes that the combination of newly identified untested conductors and confirmed structural complexity makes Hatchet Lake a compelling project for further uranium discoveries [15].

Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company focused on supporting the increasing demand for reliable, carbon-free energy [3] - The company holds an option to earn up to 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [4] - Foremost also has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, addressing the needs for electrification and energy storage [5] Strategic Developments - Foremost has engaged RedChip Companies, Inc. to lead its investor relations and strategic communications efforts, utilizing a multi-channel platform to reach a broad base of investors [1] - The engagement aims to elevate Foremost's profile and capitalize on growing investor interest in critical minerals and uranium as a nuclear fuel source [2] - RedChip will receive $11,000 per month for six months, starting January 19, 2026, with no securities issued as compensation [2] Exploration and Growth Potential - The company is advancing a multi-property exploration program in the Athabasca Basin, with multiple drill programs planned for the year [2] - Foremost employs a data-driven exploration strategy supported by extensive historical drilling and geophysical data, which provides a competitive advantage in targeting high-potential mineralized trends [4] - Encouraging results from previous geophysical surveys and drill campaigns have defined high-priority, discovery-ready targets for follow-up drilling [4]

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].

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]

Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding an option from Denison Mines Corp. to earn up to 70% interest in 10 prospective uranium properties across over 330,000 acres in the Athabasca Basin region of northern Saskatchewan [2] - The company also has a portfolio of lithium projects at varying stages of development, located across more than 55,000 acres in Manitoba and Quebec [3] Recent Developments - At the annual general meeting held on December 16, 2025, all matters submitted for shareholder approval were approved, including the election of six directors and the appointment of Davidson & Company LLP as auditors for the upcoming year [1] - The company’s amended and restated stock incentive plan was also approved during the meeting [1]

Core Insights - Foremost Clean Energy Ltd. has experienced a transformative year in 2025, achieving significant milestones in exploration projects and emerging as a financially robust entity in the clean energy metals sector [2][3]. Company Achievements - The company has strengthened its foundation with a fortified balance sheet, landmark exploration discoveries, and a share price increase of over 100% year over year [3]. - Foremost has successfully executed diamond drilling programs on three core projects: Hatchet Lake, Murphy Lake South, and Jean Lake, demonstrating a dual-commodity exploration strategy [6][10]. Uranium Market Dynamics - The U.S. has declared nuclear energy a national security priority, leading to a ban on Russian uranium imports and significant investments to revive domestic production, which are expected to drive demand for uranium [4][7]. - Global uranium demand is projected to surge nearly 30% by 2030, with the U.S. nuclear capacity mandate requiring 2.5 times more uranium than the current global supply [7]. Exploration Highlights - At the Hatchet Lake Uranium Project, the maiden winter drill program exceeded expectations, discovering a new uranium zone with assay results showing 0.87% U₃O₈ over 0.45 meters, which is two times higher than earlier estimates [6][8]. - The Jean Lake Project has reported multiple gold intercepts, including 10.7 g/t Au over 5.6 meters, indicating potential for significant gold discoveries [14]. Financial Position - The company has reduced its debt by almost 40%, more than doubled its assets, and significantly increased shareholders' equity, positioning itself for future growth [12]. - Capital infusion from warrant and option exercises provided approximately $5.65 million in fresh capital [15]. Strategic Partnerships and Developments - A strategic spin-out of non-core assets to Rio Grande Resources Ltd. has unlocked value for shareholders, with Foremost retaining a 19.95% interest [15]. - The company has formed a strategic alignment with Denison Mines, which has provided technical support and financial backing [15]. Future Outlook - Foremost plans to execute an aggressive exploration program in 2026, focusing on high-priority uranium targets and expanding the Jean Lake Project [16][17]. - The company is well-positioned to capitalize on the growing demand for uranium and clean energy metals, particularly in the context of increasing power requirements from AI and data centers [18].