Foremost Clean Energy Stock Price, News & Analysis

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.

Foremost Clean Energy (NASDAQ: FMST) announced on October 27, 2025 the appointment of Peter Espig to its Board of Directors effective immediately and the appointment of Harpreet Bajaj as corporate secretary.

Mr. Espig brings experience guiding resource companies from development to production, including 12 years as Nicola Mining CEO during which that company’s market capitalization grew over thirty-fold. The company also granted 15,618 restricted share units (RSUs) under its Stock Incentive Plan; RSUs vest subject to plan terms and carry a statutory hold period of four months and one day.

Foremost Clean Energy (NASDAQ: FMST) will present at Red Cloud's Fall Mining Showcase 2025 in Toronto on November 4–5, 2025 at the Sheraton Centre Toronto Hotel.

President & CEO Jason Barnard will hold one-on-one investor meetings during the three-day event. Shareholders and interested parties can view the agenda and register at https://redcloudfs.com/fallminingshowcase2025/.

Foremost Clean Energy (NASDAQ: FMST) has secured a significant three-year exploration permit from Saskatchewan's Ministry of Environment for its Hatchet Lake Uranium Project. The permit, valid until December 28, 2028, allows for up to 50 drill holes.

The company plans a 3,000-metre winter drill program for 2025-2026, focusing on expanding the Tuning Fork discovery, which previously yielded 0.10% eU3O8 over 6.5m, including 0.22% eU3O8 over 0.9m. The program will also test high-priority targets on the Richardson Trend and the Beta Grid, where historic drilling indicated a 35m unconformity offset.

This expansion comes amid projections of 700 GW of SMR capacity by 2050 and increasing uranium demand driven by nuclear energy needs and digital economy growth, as highlighted by the recent $100 billion OpenAI-NVIDIA deal.

Foremost Clean Energy (NASDAQ: FMST) has launched concurrent drilling campaigns at two distinct properties: the Murphy Lake South Uranium Project in Saskatchewan's Athabasca Basin and the Jean Lake Gold-Lithium Project in Snow Lake, Manitoba.

At Murphy Lake, an 8-hole 2,500m diamond drill program is targeting uranium mineralization, utilizing advanced ambient noise tomography (ANT) for precise targeting. The project is strategically located near IsoEnergy's Hurricane Deposit, which holds 48.6Mlbs U3O8 at 34.5% U3O8 indicated resources.

The Jean Lake program involves a 20-hole, 2,500-metre drill campaign following successful previous phases that yielded notable results, including 7.50 g/t Au over 7.66m and 1.26% Li₂O over 3.35m. The property spans 2,476 acres near Snow Lake's historic mining center.

Foremost Clean Energy (NASDAQ: FMST) has announced two significant marketing partnerships to enhance its investor awareness initiatives. The company has engaged Interactive Offers LLC for comprehensive digital marketing services at $200,000 USD per month for an initial 3-month term starting September 21, 2025.

Additionally, Foremost has partnered with Connect 4 Marketing Ltd. for targeted SEM advertising strategies at $20,000 USD per month for a 3-month period beginning September 23, 2025. Both agreements will continue month-to-month after the initial term until terminated by either party.

Foremost Clean Energy (NASDAQ: FMST) has announced a strategic 2,500-metre diamond drill program at its 100% owned Jean Lake Gold-Lithium Property in Snow Lake, Manitoba. The program, comprising up to 20 holes, aims to capitalize on record gold prices of $3,680 USD per ounce and will run concurrently with ongoing uranium drilling at Murphy Lake South Property.

The company's previous drilling campaign in 2022-2023 yielded significant results, including 7.50 g/t Au over 7.66 metres (including 102.0 g/t Au over 0.48 metres) and 1.26% Li₂O over 3.35 metres. The new program, scheduled to commence in September 2025, focuses on expanding known high-grade gold and lithium mineralization identified in previous campaigns.