Foremost Clean Energy Advances Murphy Lake South Uranium Project with Ambient Noise Tomography Survey Ahead of Drilling
Foremost Clean Energy (NASDAQ: FMST) has engaged Caur Technologies to conduct an ambient noise tomography (ANT) survey at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin. The survey aims to refine targets along graphitic conductors associated with uranium mineralization (0.25% U₃O₈ over 6.0m) and generate new targets along structural corridors.
The 17,676-acre property, located near the McClean Lake mill, has shown promising historical drilling results, including 10.13% U₃O₈ over 12.5 meters. The ANT survey will commence this week, followed by Phase 1 diamond drilling in August 2025, targeting depths of 200-350 meters. A Phase 2 winter program is planned for 2026.
The company highlights growing nuclear energy demand, referencing Westinghouse's plans for 10 new U.S. reactors and $90B in private energy investments in Pennsylvania. Analysts project a potential U.S. uranium deficit of 67 million pounds U3O8 by 2035.
Foremost Clean Energy (NASDAQ: FMST) ha incaricato Caur Technologies di eseguire un'indagine di tomografia del rumore ambientale (ANT) presso la proprietà Murphy Lake South Uranium nella regione di Athabasca, Saskatchewan. L'indagine mira a perfezionare i bersagli lungo conduttori grafitici associati alla mineralizzazione di uranio (0,25% U₃O₈ su 6,0 m) e a generare nuovi bersagli lungo corridoi strutturali.
La proprietà di 17.676 acri, situata vicino all'impianto di McClean Lake, ha mostrato risultati promettenti da perforazioni storiche, tra cui 10,13% U₃O₈ su 12,5 metri. L'indagine ANT inizierà questa settimana, seguita dalla perforazione diamantata di Fase 1 ad agosto 2025, con obiettivi a profondità tra 200 e 350 metri. È previsto un programma invernale di Fase 2 nel 2026.
L'azienda sottolinea la crescente domanda di energia nucleare, citando i piani di Westinghouse per 10 nuovi reattori negli Stati Uniti e 90 miliardi di dollari in investimenti privati nel settore energetico in Pennsylvania. Gli analisti prevedono un possibile deficit statunitense di uranio di 67 milioni di libbre di U3O8 entro il 2035.
Foremost Clean Energy (NASDAQ: FMST) ha contratado a Caur Technologies para realizar una encuesta de tomografía de ruido ambiental (ANT) en su propiedad de uranio Murphy Lake South en la cuenca de Athabasca, Saskatchewan. La encuesta tiene como objetivo refinar los objetivos a lo largo de conductores grafíticos asociados con la mineralización de uranio (0,25% U₃O₈ sobre 6,0 m) y generar nuevos objetivos a lo largo de corredores estructurales.
La propiedad de 17,676 acres, ubicada cerca de la planta McClean Lake, ha mostrado resultados prometedores en perforaciones históricas, incluyendo 10,13% U₃O₈ sobre 12,5 metros. La encuesta ANT comenzará esta semana, seguida por la perforación diamantina de la Fase 1 en agosto de 2025, con objetivos a profundidades de 200 a 350 metros. Se planea un programa de invierno de la Fase 2 para 2026.
La compañía destaca la creciente demanda de energía nuclear, haciendo referencia a los planes de Westinghouse para 10 nuevos reactores en EE.UU. y 90 mil millones de dólares en inversiones privadas en energía en Pensilvania. Los analistas proyectan un posible déficit de uranio en EE.UU. de 67 millones de libras de U3O8 para 2035.
Foremost Clean Energy (NASDAQ: FMST)는 캐나다 서스캐처원 주 애서배스카 분지에 위치한 머피 레이크 사우스 우라늄 광산 부지에서 환경 소음 단층 촬영(ANT) 조사를 수행하기 위해 Caur Technologies와 계약을 체결했습니다. 이번 조사는 우라늄 광화(0.25% U₃O₈, 6.0m 구간)와 관련된 흑연 전도체를 따라 목표 지점을 세밀하게 조정하고 구조적 통로를 따라 새로운 목표 지점을 생성하는 것을 목표로 합니다.
17,676에이커 규모의 이 부지는 맥클린 레이크 제련소 근처에 위치해 있으며, 과거 시추에서 12.5미터 구간에서 10.13% U₃O₈라는 유망한 결과를 보였습니다. ANT 조사는 이번 주에 시작되며, 2025년 8월에는 1단계 다이아몬드 시추가 200~350미터 깊이를 목표로 진행될 예정입니다. 2026년에는 2단계 겨울 프로그램이 계획되어 있습니다.
회사는 원자력 에너지 수요 증가를 강조하며, 웨스팅하우스가 미국 내 10개의 신규 원자로 건설 계획과 펜실베이니아 주에서 900억 달러 규모의 민간 에너지 투자를 추진 중임을 언급했습니다. 분석가들은 2035년까지 미국 우라늄 부족이 6,700만 파운드 U3O8에 이를 것으로 전망하고 있습니다.
Foremost Clean Energy (NASDAQ : FMST) a mandaté Caur Technologies pour réaliser une enquête de tomographie par bruit ambiant (ANT) sur sa propriété d'uranium Murphy Lake South dans le bassin d'Athabasca, Saskatchewan. L'enquête vise à affiner les cibles le long des conducteurs graphitiques associés à la minéralisation d'uranium (0,25 % U₃O₈ sur 6,0 m) et à générer de nouvelles cibles le long des corridors structuraux.
La propriété de 17 676 acres, située près de l'usine de McClean Lake, a montré des résultats historiques prometteurs, notamment 10,13 % U₃O₈ sur 12,5 mètres. L'enquête ANT débutera cette semaine, suivie du forage diamanté de phase 1 en août 2025, ciblant des profondeurs de 200 à 350 mètres. Un programme hivernal de phase 2 est prévu pour 2026.
La société souligne la demande croissante en énergie nucléaire, en faisant référence aux plans de Westinghouse pour 10 nouveaux réacteurs aux États-Unis et 90 milliards de dollars d'investissements privés dans l'énergie en Pennsylvanie. Les analystes prévoient un déficit potentiel d'uranium aux États-Unis de 67 millions de livres d'U3O8 d'ici 2035.
Foremost Clean Energy (NASDAQ: FMST) hat Caur Technologies beauftragt, eine Umgebungsgeräusch-Tomographie (ANT) auf dem Murphy Lake South Uranium-Grundstück im Athabasca-Becken in Saskatchewan durchzuführen. Die Untersuchung soll Ziele entlang graphitischer Leiter verfeinern, die mit Uranmineralisierung (0,25% U₃O₈ über 6,0 m) verbunden sind, und neue Ziele entlang struktureller Korridore generieren.
Das 17.676 Acre große Grundstück in der Nähe der McClean Lake-Anlage hat vielversprechende historische Bohrergebnisse gezeigt, darunter 10,13% U₃O₈ über 12,5 Meter. Die ANT-Untersuchung beginnt diese Woche, gefolgt von Phase 1 Diamantbohrungen im August 2025 mit Zielbohrtiefen von 200 bis 350 Metern. Ein Winterprogramm der Phase 2 ist für 2026 geplant.
Das Unternehmen hebt die wachsende Nachfrage nach Kernenergie hervor und verweist auf Westinghouses Pläne für 10 neue US-Reaktoren sowie 90 Milliarden Dollar private Energieinvestitionen in Pennsylvania. Analysten prognostizieren ein mögliches US-Uran-Defizit von 67 Millionen Pfund U3O8 bis 2035.
- None.
- Historical drilling results require additional verification per National Instrument 43-101
- Phase 1 drilling program delayed until completion of ANT survey
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce that it has engaged Caur Technologies Inc. (“Caur”), to conduct an ambient noise tomography (“ANT”) survey on the Company’s Murphy Lake South Uranium Property (“Murphy”) located in the world-renowned Athabasca Basin region of northern Saskatchewan. The ANT survey is designed to refine targets along a notable trend of stacked graphitic conductors associated with known unconformity offsets south of MP-15-03 (
Jason Barnard, President and CEO of Foremost, commented: “Nuclear energy is experiencing unprecedented growth, highlighted by Westinghouse's plans to build 10 new reactors in the U.S. and more than
Deploying ANT at Murphy represents another step in our systematic approach to exploration. This technology has the potential to detect structural offsets, fault zones, and hydrothermal alteration within sandstone—features directly linked to unconformity-style uranium mineralization. Recent ANT surveys across the basin have successfully mapped alteration halos extending 1–2 km, with velocity anomalies correlating to known mineralization at deposits like IsoEnergy’s Hurricane. With drilling commencing post-survey, ANT sharpens our targeting and adds confidence as we test Murphy’s most prospective zones.
Our unique collaboration with Denison Mines Corp. (“Denison”, NYSE American: DNN) positions us to benefit from their industry-leading expertise, as they advance Canada’s first ISR uranium mine toward production, which could ultimately enhance our ability to accelerate developmental timelines.
The recent launch of mining at McClean North by Denison and Orano Canada (July 17, 2025), using the innovative SABRE mining method underscores the significant production potential of the region and demonstrates how access to cutting-edge technology can unlock the value of high-grade uranium deposits. Building on Denison’s historical exploration work, Foremost is systematically advancing multiple discovery-ready assets towards resource definition and discovery – strategically positioning our company to be able deliver responsibly sourced uranium into a supply-constrained market, where analyst project that the U.S. could face up to an annual deficit of 67 million pounds U3O8 by 2035.”
Previous drilling at Murphy has confirmed the presence of significant structural complexity, including approximately 60 to 90 metres of unconformity offset—an important control on fluid flow and mineral deposition in this style of system. The ANT survey, scheduled to commence this week, is expected to produce a three-dimensional seismic velocity model of the subsurface by measuring natural background vibrations The seismic velocities vary with rock type, structure, and alteration intensity—offering a powerful means of imaging geologic features relevant to unconformity-related uranium deposits.
The 17,676 acre/7,153-hectare Murphy Lake South Project is situated just northwest of the McClean Lake mill and lies adjacent to the LaRocque Lake Conductive Corridor, host to IsoEnergy’s Hurricane Deposit, known to host the highest-grade uranium deposit in the world. Historical drilling on the property by Denison intersected anomalous uranium mineralization and key alteration signatures, such as:
0.25% U₃O₈ over 6 meters (drill hole MP-15-03)10.13% U₃O₈ over 12.5 meters just above the unconformity (drill hole MP-16-112)0.03% U₃O₈ over 22.5 meters from 255 to 277.5 meters (MP-16-173)
These results, together with confirmed structural complexity make Murphy a compelling target for a major uranium discovery.
The Phase 1 diamond drilling program is now expected to commence upon the completion of the ANT survey in August, testing targets within 200–350 meters of surface. A Phase 2 2026 winter program is planned to expand on successful results and test additional conductive trends best accessed via lakes
Figure 1. Murphy Lake South Property – 2025 ANT Grid Location Magnetic TILT Derivative Background
Qualified Person
The technical content of this news release has been reviewed and approved by Cameron MacKay, P. Geo., Vice President of Exploration for Foremost Clean Energy Ltd., and a Qualified Person under National Instrument 43-101.
A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program.
About Foremost
Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option from Denison Mines Corp. (“Denison”) to earn up to a
Foremost also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec. For further information, please visit the Company’s website at www.foremostcleanenergy.com
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Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties and satisfaction of the conditions to the option agreement with Denison, risks and uncertainties associated with the environment, delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. and information. Please refer to the Company’s most recent filings under its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for further information respecting the risks affecting the Company and its business.
The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
1 Saskatchewan Mineral Assessment File MAW01724
2 Saskatchewan Mineral Assessment File MAW02234
3 Saskatchewan Mineral Assessment File MAW02243
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4adfd7b4-db2f-41fa-a67f-bb7eeba90e8c
FAQ
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