Foremost Clean Energy

Foremost Clean Energy Ltd. is a North American exploration company focused on uranium and lithium assets to support the clean energy transition. Incorporated in 2005 and headquartered in Vancouver, Canada, the company was formerly known as Foremost Lithium Resource & Technology Ltd. and changed its name in September 2024. The company trades on the NASDAQ under the symbol FMST and on the Canadian Securities Exchange as FAT.

The company's primary business is exploring and developing its portfolio of uranium and lithium properties. Its business model is centered on making significant mineral discoveries through systematic exploration, thereby creating value for shareholders. Foremost generates capital through equity financing and strategic partnerships to fund its exploration programs. It has an option agreement with Denison Mines to earn up to a 70% interest in 10 uranium properties (51% for Hatchet Lake) across more than 330,000 acres in the Athabasca Basin in Saskatchewan, a region known for high-grade uranium deposits. In addition to its primary uranium focus, the company maintains a secondary portfolio of lithium projects at various stages of development, covering over 55,000 acres in Manitoba and Quebec.

Jason Barnard serves as the President and CEO. He has over three decades of experience in capital markets, having raised more than $500 million for mining and exploration companies, and has been with Foremost since 2016. The management team also includes Christina Barnard as COO and Dong Shim as CFO. A key collaborator is Denison Mines (TSX:DML, NYSE American: DNN), a major uranium developer in the Athabasca Basin, which provides technical support and is a significant shareholder. This partnership is a core part of Foremost's strategy, aiming to leverage Denison's expertise to accelerate discovery and potential production timelines.

Foremost's exploration activities are its core service. The company uses advanced geophysical surveys, such as the MobileMT™ system, to identify drill-ready targets for uranium mineralization. For 2025, the company has a fully funded $6.5 million exploration budget to advance its projects, including drilling at properties like Hatchet Lake, CLK, and Murphy Lake South. The company's projects are at various stages, from grassroots exploration to properties with historical exploration data and defined drill targets.

Keywords: uranium exploration, lithium exploration, Athabasca Basin, clean energy, mineral exploration, North American mining, energy transition, junior mining, resource development, Denison Mines partnership, Saskatchewan uranium, Quebec lithium, Manitoba lithium, nuclear energy, battery metals, publicly traded, capital markets, geophysical surveys, drill targeting, Hatchet Lake Project