Welcome to our dedicated page for Foremost Clean Energy news (Ticker: FMST), a resource for investors and traders seeking the latest updates and insights on Foremost Clean Energy stock.
Foremost Clean Energy (FMST) provides comprehensive news coverage for its uranium and lithium exploration activities across North America. This dedicated resource aggregates official press releases and verified updates about project developments, strategic partnerships, and operational milestones.
Investors and industry observers will find timely information on grassroots exploration initiatives, drill-ready targets, and technical advancements in mineral discovery. The curated collection includes updates about Manitoba lithium prospects, Quebec uranium projects, and corporate developments shaping FMST's position in clean energy resources.
All content undergoes strict verification to ensure accuracy and relevance to stakeholders. Regular updates cover essential aspects including geochemical survey results, land acquisition announcements, and exploration methodology enhancements. Bookmark this page for direct access to primary source information about FMST's evolving portfolio and market activities.
Foremost Clean Energy (NASDAQ: FMST) has announced an 8-hole, 2,000-metre diamond drill program at its Hatchet Uranium Property in Saskatchewan's Athabasca Basin, scheduled to begin March 2025. The program follows promising 2024 drill results that revealed uranium mineralization at the Richardson trend, including intersections of 0.11% U3O8 over 0.2 metres.
The 2025 program will target 4-6 high-potential locations within the Tuning Fork target area and Richardson trend. Key findings from previous drilling include significant structural disruption and hydrothermal alteration, with elevated levels of pathfinder elements potentially indicating uranium-mineralizing systems.
The Hatchet property spans 10,211 hectares in the Athabasca Basin, featuring shallow unconformity depths of 0-250 meters. The project is part of Foremost's collaboration with Denison Mines, where Foremost can acquire up to 51% interest in the property.
Foremost Clean Energy (NASDAQ: FMST) has announced positive uranium exploration results from its 2024 Hatchet Lake Property drill program in Saskatchewan's Athabasca Basin. The company reported notable uranium intercepts at the Richardson target area, including 0.11% U3O8 from 81.2 to 81.4 metres, and strong geochemical signatures at the Tuning Fork target area.
The Tuning Fork drilling revealed elevated levels of pathfinder elements including boron, copper, nickel, and cobalt, potentially indicating a hydrothermal system capable of uranium deposition. Both target areas showed significant structural characteristics typical of Athabasca Basin uranium deposits.
The company is planning follow-up drill programs for both winter and summer seasons, focusing on continued exploration of the Richardson and Tuning Fork target areas. Additionally, Foremost announced a two-month marketing partnership with TraderTV for $31,350.78 CDN to enhance investor communication and market awareness.
Foremost Clean Energy (NASDAQ: FMST) has announced its participation in the PDAC 2025 Convention, the world's premier mineral exploration and mining convention, scheduled for March 02-05, 2025, at the Metro Toronto Convention Centre. The company will be present at booth 2420A during March 2-3, showcasing their Athabasca Basin uranium projects to over 27,000 attendees from 135+ countries.
The convention features more than 1,100 exhibitors and 700 speakers, providing networking opportunities and educational programming. Foremost will be in Toronto from February 27th through March 05, 2025, conducting meetings with industry peers, media, and qualified investors.
Additionally, the company has granted 9,200 stock options and 7,088 Restricted Share Units to a director, plus 36,000 options to MZHCI, The options are exercisable at $1.38 CND ($.99USD) per share with a 5-year term. Monthly fees to MZHCI have been reduced from USD$9,000 to USD$500, effective January 29, 2025.
Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) has announced its participation in Red Cloud's 13th Annual Pre-PDAC Mining Showcase, scheduled for February 27 & 28, 2025, at The Omni King Edward Hotel in Toronto. Jason Barnard, President and CEO, will deliver a presentation on February 27th at 4:20 PM EST.
The conference will feature presentations from over 80 companies and facilitate more than 600 one-on-one meetings. The event includes keynote speeches from leading figures in mining and finance, providing networking and industry insight opportunities.
Foremost Clean Energy (NASDAQ: FMST) has announced the successful spinout of Rio Grande Resources, which will commence trading on the Canadian Securities Exchange (CSE) under the ticker 'RGR' on February 7, 2025. The spinout company will focus on developing gold and silver assets in New Mexico, with notable high-grade samples showing 41.5 g/t gold and 4,610 g/t silver.
The listing represents a strategic move to create a dedicated team for precious metals development, particularly timely given the recent surge in gold and silver prices. Rio Grande is positioned to capitalize on increasing investor interest in precious metals as safe-haven assets and inflation hedges.
Foremost Clean Energy (NASDAQ: FMST) has completed the spin-out of its Winston gold and silver properties to Rio Grande Resources Through this arrangement, Foremost shareholders received one new Foremost share and two Rio Grande shares for each share held prior to the transaction.
Rio Grande is expected to list on the Canadian Securities Exchange under the symbol 'RGR' around February 4, 2025. Following the spin-out, Foremost holds a 19.95% stake in Rio Grande (5,152,557 shares), while Denison Mines acquired a 15.31% stake (3,954,820 shares).
The strategic move allows Foremost to focus on its uranium exploration program in the Athabasca Basin, while Rio Grande will develop the Winston Property's past-producing gold and silver mines, particularly attractive with gold prices recently approaching US$2,800 per ounce.
Foremost Clean Energy (NASDAQ: FMST) has clarified details regarding its previously announced spin-out of gold and silver properties into Rio Grande Resources. The company addressed confusion stemming from a CSE bulletin that incorrectly stated January 30, 2025, as the effective date for the arrangement. The correct effective date is January 31, 2025.
Due to the erroneous information about delisting Foremost shares on January 29, trading was halted. Under the arrangement, shareholders will receive one new Foremost share and two Rio Grande shares for each Foremost share held as of the Surrender Date. Trading of the New Foremost Shares will commence on the effective date.
Foremost Clean Energy (NASDAQ: FMST) has updated the effective date of its previously announced spin-out of gold and silver properties into a new company, Rio Grande Resources. The spin-out will now occur on January 31, 2025 at 12:01 a.m. Vancouver time, one day later than initially announced.
Under the arrangement, Foremost shareholders as of January 30, 2025, will receive one new common share of Foremost and two common shares of Rio Grande for each Foremost share held. While most shareholders don't need to take action, those holding physical share certificates or DRS statements should follow specific instructions provided in the January 28 release to receive their shares.
Foremost Clean Energy (NASDAQ: FMST) has announced the effective date for its previously announced spin-out of gold and silver properties into a new company, Rio Grande Resources. The spin-out will occur on January 30, 2025, with shareholders of record as of January 29, 2025, receiving one new Foremost share and two Rio Grande shares for each existing Foremost share held.
The new Foremost shares will continue trading under 'FMST' on Nasdaq and 'FAT' on CSE. Rio Grande has received conditional approval to list on the CSE under the symbol 'RGR'. This strategic move aims to allow Foremost to focus on its uranium portfolio in the Athabasca Basin and lithium assets in Manitoba, while enabling independent advancement of gold and silver assets through Rio Grande.
Foremost Clean Energy (NASDAQ: FMST) has received final approval from the Supreme Court of British Columbia for its planned spin-out of gold and silver properties through Rio Grande Resources The arrangement, which was previously approved by 99.86% of shareholders on December 20, 2024, involves the spin-out of the Winston Property located in Sierra County, New Mexico.
Upon completion expected in January 2025, shareholders will receive one new common share of Foremost and two common shares of Rio Grande for each Foremost share held prior to the effective date. The arrangement remains subject to final approval from the Canadian Securities Exchange.
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