Foremost Clean Energy Announces Positive Radon Survey Results on its Wolverine Uranium Property, Athabasca Basin, Saskatchewan
Foremost Clean Energy (NASDAQ: FMST) has announced positive results from its radon survey at the Wolverine Uranium Property in Saskatchewan's Athabasca Basin, located 15 kilometers southeast of the Cigar Lake Mine. The survey, conducted by RadonEx Ltd., collected 893 data points and revealed significant findings including a one-kilometer-long anomaly trending northeast and a second anomaly in the northeast portion of the grid.
The survey results indicate that interpreted structures at Wolverine are associated with elevated radon anomalies, potentially suggesting subsurface uranium presence. The company will integrate these findings with historical data to refine high-priority drill targets. The Wolverine property is part of a ten-project portfolio optioned from Denison Mines.
Foremost Clean Energy (NASDAQ: FMST) ha annunciato risultati positivi dal suo sondaggio sul radon presso la proprietà Wolverine Uranium nell'Athabasca Basin della Saskatchewan, a 15 chilometri a sud-est della miniera Cigar Lake. Il sondaggio, condotto da RadonEx Ltd., ha raccolto 893 punti dati e ha rilevato risultati significativi, tra cui un'anomalia larga un chilometro con andamento nord-est e una seconda anomalia nella porzione nord-est della griglia.
I risultati indicano che le strutture interpretate a Wolverine sono associate ad anomali livelli elevati di radon, il che potrebbe suggerire la presenza di uranio in subsuperficie. La società integrerà questi dati con informazioni storiche per definire obiettivi di perforazione ad alta priorità. La proprietà Wolverine fa parte di un portafoglio di dieci progetti opzionati da Denison Mines.
Foremost Clean Energy (NASDAQ: FMST) ha anunciado resultados positivos de su estudio de radón en la propiedad Wolverine Uranium, en la cuenca de Athabasca, Saskatchewan, ubicada a 15 kilómetros al sureste de la mina Cigar Lake. El estudio, realizado por RadonEx Ltd., recopiló 893 puntos de datos y reveló hallazgos significativos, incluyendo una anomalía de un kilómetro de longitud con tendencia noreste y una segunda anomalía en la porción noreste de la cuadrícula.
Los resultados del sondeo indican que las estructuras interpretadas en Wolverine están asociadas con anomalías elevadas de radón, lo que podría sugerir la presencia de uranio en el subsuelo. La compañía integrará estos hallazgos con datos históricos para afinar los objetivos de perforación de alta prioridad. La propiedad Wolverine forma parte de una cartera de diez proyectos otorgados en opción por Denison Mines.
Foremost Clean Energy (NASDAQ: FMST)는 사스카처원주의 아서버스카(Athabasca) 분지에 위치한 러블라인 우라늄 광산(Wolverine Uranium Property)에서 실시한 라돈 조사 결과 긍정적인 성과를 발표했습니다. 해당 부지는 시거 레이크(Cigar Lake) 광산에서 남동쪽으로 15킬로미터 떨어져 있습니다. RadonEx Ltd.가 수행한 조사에서는 893개의 데이터 포인트를 수집했으며, 북동향으로 뻗는 길이 1킬로미터의 이상구역과 그리드 북동부에 위치한 두 번째 이상구역 등 유의미한 결과가 도출되었습니다.
조사 결과는 Wolverine 지역의 해석된 구조들이 고농도의 라돈 이상과 연계되어 있음을 시사하며, 이는 지하 우라늄 존재 가능성을 암시할 수 있습니다. 회사는 이 결과를 과거 데이터와 통합하여 우선 순위 높은 시추 목표를 정교화할 계획입니다. Wolverine 자산은 Denison Mines로부터 옵션을 받은 열 개 프로젝트 포트폴리오의 일부입니다.
Foremost Clean Energy (NASDAQ: FMST) a annoncé des résultats positifs de son étude du radon sur la propriété Wolverine Uranium dans le bassin d'Athabasca en Saskatchewan, située à 15 kilomètres au sud‑est de la mine Cigar Lake. L'étude, réalisée par RadonEx Ltd., a collecté 893 points de données et a révélé des constatations significatives, notamment une anomalie longue d'un kilomètre orientée nord‑est et une seconde anomalie dans la partie nord‑est de la grille.
Les résultats indiquent que les structures interprétées à Wolverine sont associées à des anomalies de radon élevées, ce qui pourrait suggérer la présence d'uranium en subsurface. La société intégrera ces résultats aux données historiques pour affiner les cibles de forage à haute priorité. La propriété Wolverine fait partie d'un portefeuille de dix projets optionnés auprès de Denison Mines.
Foremost Clean Energy (NASDAQ: FMST) hat positive Ergebnisse seiner Radon‑Untersuchung auf dem Wolverine‑Uran‑Objekt im Athabasca‑Becken in Saskatchewan bekanntgegeben, das sich 15 Kilometer südöstlich der Cigar‑Lake‑Mine befindet. Die von RadonEx Ltd. durchgeführte Untersuchung erfasste 893 Messpunkte und zeigte bedeutende Befunde, darunter eine ein Kilometer lange Anomalie mit nordöstlicher Ausrichtung sowie eine zweite Anomalie im nordöstlichen Bereich des Gitters.
Die Ergebnisse deuten darauf hin, dass die am Wolverine interpretierten Strukturen mit erhöhten Radon‑Anomalien verbunden sind, was auf eine mögliche Anwesenheit von Uran im Untergrund hindeuten könnte. Das Unternehmen wird diese Erkenntnisse mit historischen Daten verknüpfen, um vorrangige Bohrziele zu verfeinern. Das Wolverine‑Projekt ist Teil eines Portfolios von zehn Projekten, die von Denison Mines zur Option stehen.
- Discovery of a significant one-kilometer-long radon anomaly trending northeast
- Survey results suggest potential presence of subsurface uranium mineralization
- Strategic location 15km southeast of the Cigar Lake Mine in the Athabasca Basin
- Property shows geological indicators favorable for high-grade unconformity-style uranium deposits
- Results are preliminary and require further exploration to confirm uranium presence
- Anomalies remain open along strike, indicating incomplete delineation of potential deposits
Highlights Include:
- Elevated linear radon trends including a one-kilometer-long anomaly trending northeast
- Second anomaly detected in the northeast portion of the grid, both of which remain open along strike
- Survey results reinforce the property’s exploration potential
VANCOUVER, British Columbia, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce the results of its recently completed radon survey, at the Wolverine Uranium Property (“Wolverine”), located in the world-renowned Athabasca Basin region of northern Saskatchewan, approximately 15 kilometers southeast of the Cigar Lake Mine site (see Figure 1). The radon survey, previously announced on June 25, 2025, was conducted by RadonEx Ltd. consisting of both radon flux monitoring over land and a small radon-in-water component to test adjacent wetlands. A total of 893 data points were collected over the survey grid. The survey grid was designed to cover two potential faults which may explain the notable unconformity offset1 observed on the property (see Figure 2).
Jason Barnard, President and CEO states "These survey results provide strong evidence that the interpreted structures at Wolverine are associated with elevated radon anomalies which may suggest the presence of subsurface uranium. This strengthens our confidence that the property has the right geological setting to host high-grade unconformity-style uranium mineralization. With these results in hand, our technical team will now integrate the radon data with historical geophysical and drill information to refine high-priority drill targets for future testing. We look forward to advancing Wolverine, which looks like another highly promising project to the ten-project portfolio we have optioned from Denison Mines. We are eager to advance our understanding of this site and systematically unlock any significant mineral potential.”
Radon Survey Results and Structural Interpretation
Radon surveying is geochemical approach which leverages the relationship between radon gas emissions and the presence of subsurface uranium. As uranium decays, it produces radon gas as one of its daughter products. Because radon is a gas, it can migrate toward the surface, particularly along faults and fractures, where it can be detected and measured.
Results from the radon flux monitoring identified elevated radon trends within the property, including a one-kilometer-long anomaly trending northeast and a second anomaly in the northeast portion of the grid, both of which remain open along strike (see Figure 3).
To better visualize survey results, Foremost has ranked all radon flux values relative to the highest value collected during the program. The maximum value is ranked “10”, with all other results scaled accordingly. This ranked dataset highlights a pronounced NNE-trending radon anomaly that closely coincides with an interpreted structural feature on the property (see Figure 3). While the radon trend closely parallels the structure, it is slightly offset, which is expected given that the structure is interpreted from magnetics reflecting basement rocks, whereas radon values are measured at surface. This correlation suggests that the structure may be fertile and represents a compelling target for future drill programs.
About the Wolverine Property
Wolverine is part of Foremost’s unique collaboration with Denison Mines Corp. (TSX: DML, NYSE American: DNN) and consists of three mineral claims totaling 12,444 acres (5,036 hectares). Historic work has been conducted on Wolverine by various companies including geophysical surveys and drilling programs. Previous exploration identified uranium mineralization, including drill hole WL10-01 that intersected 2,087 ppm U over 0.1 meters2. Numerous airborne and ground-based geophysical surveys suggest a complex, structural architecture on the property. Drilling from 2011-2014 indicates up to 50m of unconformity displacement. The controlling fault is non-conductive and its precise location is uncertain.
Next Steps
Foremost intends to integrate the results with historical geochemical and geophysical data to refine high-priority drill targets, which could form the basis for future drill testing of the property.
Figure 1. Wolverine Property in Regional Context
Figure 2. Wolverine Property Compilation Map
Figure 3. Wolverine Property Radon Survey Results Map
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, who has prepared and reviewed the content of this press release.
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 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.
Contact and Information
Company
Jason Barnard, President and CEO
+1 (604) 330-8067
info@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 statements regarding expectations with respect to energy and uranium demand and the Company’s exploration plans and objectives. 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. Please refer to the Company’s most recent filings under its profile 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 disapproves the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
1 Unconformity Offset Interpreted from drillhole logs. See Saskatchewan Mineral Assessment Files 74H053, 74H15-0068 and 74H10-0071
2 See Saskatchewan Mineral Assessment File 74H15-0068.
Photos accompanying this announcement are available at:
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FAQ
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