Foremost Clean Energy Stock Price, News & Analysis

Foremost Clean Energy (NASDAQ: FMST) announced the voting results from its annual general meeting held on December 16, 2025. Shareholders approved all matters recommended by management, including: (a) fixing the board size at six directors and electing Jason Barnard, Douglas L. Mason, Andrew Lyons, David Cates, Amanda Willett and Peter Espig; (b) appointing Davidson & Company LLP as auditors for the ensuing year and authorizing the board to fix auditor remuneration; and (c) approving the company’s amended and restated stock incentive plan.

Additional details and the report of voting results are filed on SEDAR+, SEC Edgar and the company investor website.

Foremost Clean Energy (NASDAQ: FMST) provided a year-end corporate update on Dec 18, 2025 summarizing 2025 exploration, financial and corporate milestones.

Key highlights include a >100% year-over-year share price gain, completion of >7,300 metres of drilling across uranium and gold projects, a maiden Hatchet Lake discovery (hole TF-25-16: 0.87% U3O8 over 0.45 m within 6.2 m of mineralization), Jean Lake gold intercepts (10.7 g/t Au over 5.6 m including 82 g/t Au over 0.7 m), ~$5.65M raised from warrant/option exercises, Denison participation (485,000 shares for $1,067,000), debt down ~40%, and multi-year permits and planned Q1 2026 drilling.

Foremost Clean Energy (NASDAQ: FMST) completed a 15-hole, 2,266 metre diamond drill program at the 100%‑owned Jean Lake gold‑lithium project (Dec 8, 2025) and has begun a targeted core re‑sampling program on six 2023 holes.

Assays from four 2025 holes were reported earlier; assays for 11 holes are pending. Re‑sampling focuses on unsampled intervals adjacent to high‑grade intercepts, including historic 102 g/t Au over 0.5 m in FM23‑08 and 6.86 g/t Au over 0.54 m in FM23‑25. The company will integrate new and historical data into an updated geologic model to refine 2026 drill targets.

Foremost Clean Energy (NASDAQ: FMST) will begin a ground-based gravity survey in December 2025 over its Hatchet Lake uranium property in the eastern Athabasca Basin to refine targets on the southern Richardson Trend. The program will collect approximately 788 gravity stations at 100-metre intervals on 200-metre line spacing across priority structural corridors.

Results will be integrated with existing electromagnetic, magnetic and geochemical data to guide an anticipated winter 2026 drill program focused on the Richardson Trend and Tuning Fork target area. Historical drilling on the trend includes reported uranium intervals, but the company notes those results are not yet validated under NI 43-101.

Foremost Clean Energy (NASDAQ: FMST) received a three-year exploration permit for the Turkey Lake uranium project in the Athabasca Basin, valid until December 31, 2028, authorizing up to 75 drill holes, line cutting, trail use and related activities. A ground-based gravity survey by MWH Geo Survey will start in December, with ~1,312 stations at 100m intervals to refine targets ahead of a 2026 drill program. Turkey Lake comprises 9,363 acres, hosts shallow unconformity depths (50 m), and contains historic uranium intercepts including 0.16% U3O8 over 0.6 m and 0.12% U3O8 over 0.5 m. Historical results are not NI 43-101 verified.

Foremost Clean Energy (NASDAQ: FMST) reported assay results from drill holes JL25-003 and JL25-004 at the Jean Lake project on Nov 19, 2025, confirming multiple shallow, high‑grade gold intercepts along the Valkyrie Trend.

Key intercepts include 34.2 g/t Au over 0.8 m within 9.0 g/t over 3.5 m (JL25-003) and several other near‑surface hits occurring within 100 m of surface. Drilling continues with step-outs and pending assays; QA/QC used SGS ISO/IEC 17025 facilities and standard field protocols. True thicknesses are not yet determined.

Foremost Clean Energy (NASDAQ: FMST) completed a seven-hole, 2,695 m diamond drill program at the Murphy Lake South uranium property in the Athabasca Basin on Nov 17, 2025. Drilling intercepted graphitic structural corridors, broad hydrothermal alteration, reactivated basement structures, and multiple zones of elevated radioactivity (reported ~205–208 CPS).

Highlights include an extended alteration footprint (~+600 m), confirmation of a previously defined 400 m mineralized corridor, and relatively shallow unconformity depths (200–350 m). Laboratory assays have been submitted to SRC and are pending.

Foremost Clean Energy (NASDAQ: FMST) reported assay results from the first two holes of its 2025 Jean Lake drill program near Snow Lake, Manitoba, confirming and expanding high-grade gold mineralization along the Valkyrie Trend.

Key intercepts include JL25-002: 10.7 g/t Au over 5.6 m (including 82 g/t Au over 0.7 m) and JL25-001: 12.7 g/t Au over 2.07 m (including 40 g/t Au over 0.6 m). The results extend the mineralized footprint beyond prior hole JL23-008. Drilling and assays are ongoing, with additional holes pending. Sampling used NQ core and SGS Canada for preparation and fire-assay analysis; reported intervals are downhole lengths and true thicknesses are not yet determined.

Foremost Clean Energy (NASDAQ: FMST) reported final assays from its 2025 winter drill program at the Hatchet Lake uranium property (Athabasca Basin). Drill hole TF-25-16 returned 0.87% U3O8 over 0.45 m within a broader 6.2 m composite at 0.10% U3O8, upgrading previously reported radiometric estimates. Additional holes (TF-25-17/18/20) show widespread hydrothermal alteration; RL-25-32 returned minor uranium intervals (0.3 m at 0.02% and 0.2 m at 0.05% U3O8).

Next steps include VTEM modelling, a ground gravity survey planned for winter 2025–2026, and development of a 2026 winter drill program to follow up the discovery.