Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) issued a shareholder letter from CEO Jason Barnard, highlighting key achievements in 2024 and future goals. The company secured a strategic option agreement with Denison Mines for 10 uranium properties in the Athabasca Basin, advanced exploration at its Zoro Lithium and Hatchet Lake Uranium properties, and raised over C$13.5 million in equity financing. Foremost plans to invest $6.5 million in exploration in 2025 and spin out its Winston Gold/Silver Project into Rio Grande Resources Ltd. to enhance shareholder value. Denison Mines’ partnership and insider investments underscore confidence in Foremost’s growth strategy in uranium and lithium exploration.
To view the full press release, visit https://ibn.fm/rEjJN
About Foremost Clean Energy Ltd.
Foremost Clean Energy, assuming the effectiveness of the transaction, will be an emerging North American uranium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. As global demand for decarbonization accelerates, the need for nuclear power is crucial. Foremost expects to be positioned to capitalize on the growing demand for uranium through discovery in a top jurisdiction with the objective to support the world’s energy-transition goals. Alongside its exploration partner Denison, Foremost will be committed to a strategic and disciplined exploration strategy to identify resources by testing drill–ready targets with identified mineralization along strike of recent major discoveries. Foremost also maintains a secondary portfolio of significant lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. For more information about the company, visit www.ForemostCleanEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to FMST are available in the company’s newsroom at http://ibn.fm/FMST
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