Foremost Clean Energy Announces Results from AGM
Rhea-AI Summary
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.
Positive
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Negative
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Key Figures
Market Reality Check
Peers on Argus 1 Down
Sector peers showed mixed moves: LITM up 2.14%, ELBM down 3.26%, WWR up 1.23%, while momentum scanner only flagged NVA down 16.09% with no news, pointing to stock-specific rather than sector-driven dynamics.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Drill program update | Positive | +5.1% | Completion of 15-hole, 2,266 m drill program and core resampling. |
| Dec 04 | Survey announcement | Positive | +7.7% | Planned ground-based gravity survey at Hatchet Lake uranium project. |
| Dec 01 | Permit and survey | Positive | -7.4% | Three-year exploration permit and gravity survey at Turkey Lake. |
| Nov 19 | Drill results | Positive | -3.8% | High-grade shallow gold intercepts reported from Jean Lake drilling. |
| Nov 17 | Drill program update | Positive | +8.2% | Completion of 2,695 m drill program at Murphy Lake South uranium. |
Recent operational and exploration updates have often produced sizable but mixed price reactions, with three aligned and two divergent moves versus news tone.
Over the last month, Foremost Clean Energy has focused on exploration across gold-lithium and uranium assets. Updates included completion of a 15-hole drill program at Jean Lake, gravity surveys at Hatchet Lake and Turkey Lake, and a 2,695 m drill program at Murphy Lake South. Price reactions ranged from about -7% to +8%. Against this backdrop of active field work, the AGM results represent routine corporate governance rather than a new operational catalyst.
Market Pulse Summary
This announcement details standard AGM outcomes: fixing the board at six directors, electing the slate, reappointing the auditor, and approving an amended stock incentive plan. Compared with recent exploration and drilling updates across Jean Lake, Hatchet Lake, Turkey Lake, and Murphy Lake South, it is a governance-focused event. Investors may monitor how board decisions and incentive structures align with upcoming assay results, survey data, and future drill programs across the company’s projects.
Key Terms
stock incentive plan financial
AI-generated analysis. Not financial advice.
VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”), is pleased to announce the voting results from its annual general meeting of shareholders (the “Meeting”) held on December 16, 2025.
All matters submitted to shareholders for approval at the Meeting were approved in accordance with management’s recommendations, including:
(a) fixing the number of directors of the Company at six (6) and electing the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are duly elected or appointed: Jason Barnard, Douglas L. Mason, Andrew Lyons, David Cates, Amanda Willett, and Peter Espig;
(b) appointing Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and authorizing the Board to fix the remuneration to be paid to the auditor; and
(c) approving the Company’s amended and restated stock incentive plan.
Additional information regarding each of the items approved at the Meeting is set out in the Company’s management information circular dated October 31, 2025 (the “Materials”) A report of voting results along with the Materials can be found filed on the Company’s SEDAR+ profile at www.sedarplus.ca, Edgar profile at www.SEC.com and website at https://foremostcleanenergy.com/investors/shareholder-meeting.html.
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
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
Follow us or contact us on social media:
X: @fmstcleanenergy
LinkedIn: https://www.linkedin.com/company/foremostcleanenergy
Facebook: https://www.facebook.com/ForemostCleanEnergy
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. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the consummation and timing of the Arrangement, the satisfaction or waiver of the conditions to closing, including obtaining conditional approval of the Arrangement from the CSE and NASDAQ, as required, the listing of the Spinco Shares on the CSE, Court approval of the Arrangement and the proposed benefits of the proposed Arrangement. 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, the satisfaction of the conditions to the Arrangement, risks and uncertainties associated with the environment and 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 on SEDAR+ and Edgar. 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 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.
FAQ
What did Foremost Clean Energy (FMST) shareholders approve at the December 16, 2025 AGM?
Who were elected to Foremost Clean Energy's board at the FMST AGM on December 16, 2025?
When will Davidson & Company LLP serve as Foremost Clean Energy's auditors for FMST?
What does the approved amended and restated stock incentive plan mean for FMST shareholders?
Where can I find the Foremost Clean Energy (FMST) AGM voting results filed December 19, 2025?
Did Foremost Clean Energy (FMST) change the size of its board at the December 16, 2025 meeting?
