Foremost Lithium Resource & Technology Ltd. - FMST STOCK NEWS

Foremost Lithium announced its application to list on Upstream, a modern securities trading app. Upstream aims to eliminate barriers for international investments into North America, allowing trades using digital currency, credit, debit, PayPal, and USD. This move is expected to increase Foremost's global investment exposure and liquidity without affecting its current Nasdaq and CSE listings. Foremost's President & CEO, Jason Barnard, highlighted Upstream's potential to reach untapped international investors, enhancing price discovery and investment opportunities. Approval is pending, but an expedited listing process may be possible.

Foremost Lithium has provided an update on its Peg North Property in Manitoba, Canada. The property spans 16,697 acres and is the largest within the company's Lithium Lane properties. Foremost has completed the third installment of a payment to acquire a 100% interest in the Peg North Claims, involving a $100,000 cash payment and the issuance of 28,818 shares. The property features significant pegmatite outcrops and remains highly prospective for lithium. Future plans include extensive exploration hindered previously by forest fires. CEO Jason Barnard expressed optimism about market conditions and the property's potential value for shareholders.

Foremost Lithium announced plans to spin out its Winston Group of gold and silver properties into a new subsidiary, Rio Grande Resources (RGR). This move is intended to refocus Foremost on its lithium projects while creating a new company dedicated to gold and silver mining. Shareholders will receive shares in RGR proportional to their Foremost holdings. The spin-out will require various approvals and is expected to be executed through a plan of arrangement. RGR plans to list on the Canadian Securities Exchange and undertake financing to support its operations. The Winston Property, located in New Mexico, includes three historic mines with high-grade gold and silver samples. This strategic move aims to unlock value for shareholders by capitalizing on favorable market conditions for precious metals.

Foremost Lithium has completed its winter drilling program at the Zoro Lithium Project in Manitoba, Canada, achieving over 5,800 meters through 21 diamond drill holes. Drilling results indicate continuity of lithium mineralization along Dyke 1, extending the mineralized body by 150 meters to over 400 meters, with potential for further resource expansion. Initial assays from two drill holes confirmed significant lithium mineralization, with final assay results expected within 4-6 weeks. Dyke 1 remains open in all directions, indicating potential for continued resource growth and future drilling programs.

Foremost Lithium Resource & Technology reports positive drilling progress on its Zoro Property in Manitoba, confirming lithium mineralization in Dyke 1. Drill holes FL24-009 and FL24-010 returned significant Li2O grades of 1.52% over 5.02m and 1.09% over 9.88m, respectively. The company's inferred resource at Dyke 1 stands at 1,074,567 tons at 0.91% Li2O. Foremost aims to become a leading North American lithium supplier, with plans to expand resources and benefit from government incentives. The potential to manufacture 400,000 car batteries from current lithium reserves signals future growth.

Foremost Lithium Resource & Technology reports significant drilling progress at Zoro Lithium Property in Manitoba, with a wide drill intercept of spodumene-bearing pegmatite at Dyke 1. The Company's maiden inferred resource at Dyke 1 shows positive growth potential, with drill holes intersecting substantial lengths of pegmatite. The ongoing drilling program aims to expand the known pegmatite system and explore new zones. Foremost Lithium is optimistic about the results and looks forward to further updates.

Foremost Lithium Resource & Technology Ltd. applies for the Critical Mineral Infrastructure Fund (CMIF) to accelerate lithium extraction at Zoro Property in Manitoba, Canada. The company aims to secure $10 million in federal funding for infrastructure development, road construction, and drilling programs to support the growing demand for sustainable energy solutions.

Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) has submitted a $10 million proposal for the Government of Canada's Critical Mineral Infrastructure Fund, aiming to enhance transportation infrastructure in Manitoba's Snow Lake region. The company's DSO strategy seeks to fast-track revenue generation pre-mine. With recent Canadian press coverage in the critical minerals sector, the application aligns with Canada's focus on sustainable lithium-ion battery supply chains.

Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) is participating in the upcoming PDAC 2024 Convention, a premier mineral exploration event, showcasing its presence in the industry. The convention, known for its global reach and networking opportunities, attracts thousands of attendees from various countries, offering a platform for educational programs, networking, and business collaborations.