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].

Core Viewpoint - Foremost Clean Energy Ltd. is set to begin drilling at the Murphy Lake South Uranium Property, which is strategically located near the LaRocque Lake Conductive Corridor, known for high-grade uranium deposits [1][2][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 across over 330,000 acres in the Athabasca Basin [10] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines [10] Exploration Plans - Drilling at Murphy is scheduled to start in July 2025, with an initial phase involving approximately 1,500 meters of diamond drilling targeting graphitic faults and offset structures [6][7] - The drilling will focus on areas within 200–350 meters of the surface, allowing for efficient testing of the unconformity and underlying basement rocks [6] Historical Context - The Murphy Lake South Property has been previously explored by Denison Mines from 2008 to 2017, which identified uranium mineralization and key alteration features [5] - Historical drill results include significant intercepts such as 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters [5] Strategic Importance - The proximity of Murphy to the LaRocque Lake Conductive Corridor enhances its exploration potential, as recent discoveries have shifted perceptions of the Mudjatik Domain's viability [2][3] - The area remains underexplored, presenting a significant opportunity for future discoveries [7]

Core Insights - Foremost Clean Energy Ltd. has initiated a radon geochemical survey at its Wolverine Uranium Property located in the Athabasca Basin, which is known for high-grade uranium deposits [1][2] - The survey aims to enhance understanding of the subsurface geology and identify priority drill targets, focusing on areas with known structural offsets of the sub-Athabasca unconformity [2][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 [11] - The company is engaged in systematic exploration programs in collaboration with Denison Mines Corp. to make significant discoveries in uranium and lithium [11] Survey Details - The radon geochemical survey leverages the relationship between radon gas emissions and subsurface uranium presence, as radon is a decay product of uranium [3] - The survey grid is designed to cover two potential faults that may explain the unconformity offset observed on the property [3] Historical Context - Previous exploration at the Wolverine Property has identified uranium mineralization, including a notable drill hole that intersected 2,087 ppm U over 0.1 meters [5] - Historical drilling and geophysical surveys suggest a complex structural architecture, with unconformity depths ranging from 140 to 300 meters below the surface [5] Future Plans - Upon completion of the radon survey, the company plans to integrate the results with historical data to refine high-priority drill targets for future testing [6]

Financial Performance - Foremost Clean Energy Ltd. has not generated any revenues during the fiscal year ended March 31, 2025, as the company remains at the exploration stage [417]. - The Company reported a net comprehensive loss of $3,615,375 for the year ended March 31, 2025, a decrease of $856,795 compared to the previous year [483]. - The company reported a net comprehensive income of $778,565 for the three-month period ended March 31, 2025, compared to a net loss of $1,513,401 in the same period of 2024, reflecting a net change of $2,291,966 [485]. - The company reported a net income of $778,565 for the period ending March 31, 2025, compared to a net loss of $2,012,936 in the previous period [490]. - Basic and diluted earnings per share were $0.07 for the period ending March 31, 2025, an improvement from a loss of $0.23 in September 2024 [490]. - The Company recognized a gain on the spin-out transaction of $1,914,814 in 2025, attributed to the completion of the spin-out of Sierra into Rio Grande [486]. - The gain on derivative liabilities for the three-month period ended March 31, 2025, was $166,656, a substantial increase of $558,668 from a loss of $392,012 in the same period of 2024 [486]. Exploration and Development - The total exploration expenditures incurred for the year ended March 31, 2025, amounted to CAD 21,324,785, with significant costs in various properties including CAD 8,990,709 for the Zoro Property and CAD 2,823,815 for the Lac Property [426]. - The company has an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the Athabasca Basin region [424]. - Foremost Clean Energy has a portfolio of lithium projects covering over 55,000 acres in Manitoba and Quebec, indicating a diversified exploration strategy [425]. - The Zoro Lithium Project encompasses approximately 3,390 hectares located near Wekusko Lake in Manitoba, highlighting the company's focus on lithium exploration [428]. - The Company has identified a total of 13 pegmatite dykes at the Zoro Lithium Project, with five new dykes discovered during a drilling program that involved 3,054 meters of drilling across 22 holes [433]. - The Company has completed a ten-hole, 1,509-meter drill program at the Zoro Lithium Property, resulting in the discovery of a sixteenth spodumene-bearing pegmatite dyke [452]. - The Company plans follow-up drill programs based on positive results from previous exploration efforts in 2024 [444]. - The 2024 Winter Drill Program at Zoro Lithium Property completed a 5,826-meter drilling campaign, confirming an inferred resource of 1,074,567 tons at a grade of 0.91% Li2O [455]. - The continuity of lithium mineralization along Dyke 1 has been confirmed, extending its strike length from 265 meters to over 400 meters [456]. - The drilling program targeted untested mineralization at depth, enhancing the understanding of lithium distribution in the area [455]. - The results from the drilling campaign and metallurgical tests indicate favorable conditions for future lithium production and market expansion [461]. Financial Position and Assets - Total assets increased to $27,741,039 as of March 31, 2025, up from $16,598,857 in 2024, representing a growth of approximately 67.5% [488]. - Exploration and evaluation assets rose to $21,324,785 in 2025, compared to $15,094,413 in 2024, indicating an increase of about 41.2% [488]. - Shareholders' equity increased to $24,492,262 in 2025, compared to $13,209,537 in 2024, marking a growth of approximately 85.1% [488]. - As of March 31, 2025, the Company had a cash balance of $5,005,346, compared to $998,262 in 2024, to settle current liabilities of $3,248,777 [520]. - The company has a working capital deficit of $2,111,763 as of March 31, 2025, an improvement from a deficit of $1,904,107 in the previous year [495]. - The company continues to seek additional financing through equity and/or debt to support its operations and exploration programs [492]. Costs and Expenditures - The company has incurred acquisition costs of CAD 4,082,338 for its mineral properties as of March 31, 2025 [426]. - The Company has incurred $8,000,000 in exploration expenditures on the Exploration Properties as part of the option agreement with Denison [442]. - The Company has incurred $881,337 in exploration expenditures as part of the option agreement for the Peg North Property, with a total commitment of $3,000,000 due by June 9, 2027 [482]. - The Company incurred $96,768 in interest on a loan agreement during the year ended March 31, 2025, with a principal repayment of $600,000 [510]. - For the year ended March 31, 2025, total remuneration for key management personnel was $1,443,380, an increase from $1,472,267 in 2024 [507]. Risks and Challenges - The company faces high risks in mineral exploration, with no assurance of discovering economically viable mineral deposits [541]. - The company is exposed to liquidity risk and is dependent on obtaining regular financings to continue as a going concern [520]. - The company has generated losses to date and anticipates requiring additional funds to further explore its properties [541]. - The overall risk management strategy focuses on minimizing potential adverse effects on financial performance due to market unpredictability [702]. - The company has no history of earnings, and there is no assurance that its current or future mineral properties will generate profits [541]. Corporate Actions and Agreements - The company began trading on NASDAQ under the symbols FMST and FMSTW on August 22, 2023, marking a significant milestone in its market presence [418]. - The Company has entered into an option agreement with Denison Mines Corp. to acquire up to a 70% interest in the Athabasca Properties, covering over 330,000 acres in the Athabasca Basin [435]. - The Company has earned a 100% interest in the Zoro 1 claim by paying CAD 50,000 in cash and issuing 140,000 common shares [429]. - The Company has earned 100% interest in all lithium-bearing pegmatite dykes on 15 additional claims by paying $500,000 in cash and issuing $500,000 in shares [447]. - The Company has contracted XPS Expert Process Solutions to refine spodumene concentrate into saleable lithium products, supporting the EV battery ecosystem [460]. - A statement of claim was filed against the Company on June 3, 2025, alleging wrongful dismissal, with unspecified damages sought [525].

Core Viewpoint - Foremost Clean Energy Ltd. has significantly strengthened its financial position with over $4.5 million raised through the exercise of warrants and options, enabling the continuation of its strategic initiatives in the uranium market [1][2] Financial Position - The company has bolstered its treasury by over $4.5 million due to recent exercises of warrants and options by warrant holders and insiders, providing a solid foundation for executing strategic initiatives [1][2] Market Outlook - The company is optimistic about the uranium market, citing an upward trajectory in uranium spot prices and an impending structural supply deficit, indicating significant growth potential [2] - Foremost is advancing multiple exploration projects and drill programs, positioning itself favorably within the clean energy landscape [2] Marketing Campaign - Foremost is extending its multi-platform investor awareness and marketing campaign in partnership with LFG Equities Corp., aimed at educating North American investors about the company's unique position in the clean energy sector [3][4] - The campaign will emphasize the critical role of base load nuclear energy in the clean energy transition and highlight Canada's strategic advantage in the secure critical mineral supply chain [3] Campaign Details - The extended marketing campaign will run from June 16, 2025, to December 31, 2025, at a cost of $250,000 USD per month plus GST, with provisions for cancellation [5] - Services provided by LFG include digital marketing, SEO optimization, SMS and newsletter campaigns, social media amplification, and YouTube content creation [4][5] Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin [7] - The company also has a portfolio of lithium projects across over 55,000 acres in Manitoba and Quebec, poised for growth as demand for carbon-free energy accelerates [8]

Core Viewpoint - Foremost Clean Energy Ltd. has received a three-year exploration permit for the CLK Property in the Athabasca Basin, allowing for extensive mineral exploration activities until December 31, 2027 [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company with a focus on the Athabasca Basin, holding an option to earn up to a 70% interest in 10 uranium properties covering over 330,000 acres [9] - The company is positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [9] Exploration Plans - The company plans a fully-funded exploration program for the CLK Property, anticipated to begin in Q3 2025, following the results of a recently completed MobileMT geophysical survey [1][6] - The exploration will include drilling up to 30 holes and testing high-priority targets, particularly the CLG-D1 drill hole, which previously intersected 8,600 ppm uranium [2][5] Historical Context - Previous drilling at CLK in 1997 and 2000 resulted in significant uranium mineralization, with drill hole CLG-D1 returning 1.01% U3O8 and CLG-D5 returning 0.06% U3O8 [4][5] - The CLK Property is strategically located within the Snowbird Tectonic Zone, known for hosting several uranium occurrences [3]

Core Insights - Foremost Clean Energy Ltd. has received a three-year exploration permit for the Murphy Lake South Property in the Athabasca Basin, allowing for extensive mineral exploration activities until December 31, 2027 [1][2] - The property is strategically located near the LaRocque Lake Conductive Corridor, which hosts high-grade uranium deposits, including the Hurricane Deposit [2][3] - Historical drilling has indicated the presence of anomalous uranium and pathfinder elements, suggesting a potentially significant mineralizing system [2][4] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding options to earn up to a 70% interest in 10 uranium properties in the Athabasca Basin, covering over 330,000 acres [12] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines [12] Exploration Plans - A fully-funded summer drill program is being planned, which includes a two-phase drilling approach targeting high-priority areas [4][14] - Phase 1 will involve approximately 1,500 meters of diamond drilling to explore the unconformity and underlying basement rocks, while Phase 2 will follow up on geophysical anomalies identified in Phase 1 [14] Geological Features - The Murphy Lake South Property spans 17,676 acres and is characterized by geological features similar to those found near the Hurricane Deposit, including shallow unconformity and mineralization potential [3][6] - Historical drilling results have shown significant uranium intersections, with notable results including 0.25% U3O8 over 6 meters and 618 ppm U in previous drill holes [6][4] Strategic Collaboration - The company is collaborating with Denison Mines, with Denison's President and CEO participating in a corporate update webinar to discuss exploration progress and future plans [2][8]

Core Insights - Foremost Clean Energy Ltd. has appointed Cameron MacKay as Vice President of Exploration, effective June 1, 2025, bringing over a decade of uranium exploration experience [1][2] - The company aims to leverage MacKay's expertise to enhance its exploration capabilities across its portfolio of 10 uranium properties in the Athabasca Basin, particularly following recent successes at the Hatchet Lake property [2][3] - Foremost is strategically positioned to capitalize on the increasing global demand for uranium as nuclear power becomes a prominent clean energy solution [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 [4] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines Corp. [4] - In addition to uranium, Foremost has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, at various stages of development [5]

Core Viewpoint - Foremost Clean Energy Ltd. has regained compliance with Nasdaq Listing Rule 5550(a)(2), reflecting strong market sentiment and investor confidence in the company's business strategy, as evidenced by a 264% increase in share price from US$0.71 to US$2.60 within a short period [1][2][3]. Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [6][7]. - The company is strategically positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [7][8]. Market Context - The recent executive orders by President Trump on May 23, 2025, emphasize the strategic importance of nuclear energy, aiming to quadruple capacity to 400 GW by 2050, which is significantly higher than the current global uranium supply [4]. - Canada currently supplies approximately 25% of the uranium needed by the U.S., highlighting the importance of discovering additional reliable sources for future energy independence [4]. Strategic Partnerships - Foremost's collaboration with Denison Mines Corp. is a key competitive advantage, enabling the company to accelerate discovery and production timelines in the uranium sector [5][6]. - Denison is on track to start construction of Canada's first in-situ recovery uranium mine in 2026, which could further enhance Foremost's position in the market [5]. Future Outlook - The company anticipates significant opportunities in the uranium sector due to the expected unprecedented demand driven by the nuclear industry's transformation [4][5]. - Foremost aims to solidify its role in the North American nuclear renaissance through systematic exploration efforts and a commitment to delivering strong performance for shareholders [5][7].

Toronto, Ontario--(Newsfile Corp. - May 22, 2025) - Foremost Clean Energy Ltd. (NASDAQ: FMST) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on June 5th, 2025 at 2:00 PM ET. We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud. The replay will be emailed out to all webinar registrants proceeding the event an ...