Foremost Clean Energy Stock Price, News & Analysis

Foremost Clean Energy Ltd. (NASDAQ: FMST) has announced its participation in a live virtual corporate update hosted by Red Cloud Financial Services, scheduled for June 5th, 2025 at 2:00 PM ET. During the presentation, the company plans to discuss its portfolio of 10 optioned properties acquired from Denison Mines Corp. in the Athabasca Basin, along with its strategic plans for developing one of North America's most significant uranium portfolios. The event will include a Q&A session, and a replay will be available to all registrants and on Red Cloud's website.

Foremost Clean Energy (NASDAQ: FMST) has completed a successful maiden winter drill program at its Hatchet Lake Uranium Property in Saskatchewan's Athabasca Basin. The program expanded from 8 to 10 holes, covering over 2,400 metres, after positive preliminary results. Key findings include: - Anomalous radioactivity detected in 6 out of 10 drill holes - Discovery of new uranium mineralization in hole TF-25-16 with 0.10% eU3O8 over 6.5m - 50-metre extension of mineralization along Richardson conductor - Extensive hydrothermal system identified at Tuning Fork The company appointed Chad Sorba, Denison's VP of Technical Services, as Technical Advisor. Follow-up exploration is planned for winter 2025-2026, including ground geophysics and additional drilling. Assay results from the current program are pending and expected in the coming weeks.

Denison Mines (NYSE: DNN) reported Q1 2025 results highlighting significant progress on its Phoenix In-Situ Recovery uranium project. Key developments include: - 75% completion of total engineering for Phoenix, with $7M funded and $67M committed for long-lead capital purchases - CNSC public hearing scheduled for late 2025, supporting planned construction start in early 2026 and first production by mid-2028 - Strong financial position with 2.2M pounds U3O8 in physical uranium holdings, robust cash balance, and no debt - McClean Lake JV preparing for 2025 SABRE mining program at McClean North - Formation of exploration joint ventures with Cosa Resources, where Denison became the largest shareholder (~19.95%) - Board strengthened with appointments of Ken Hartwick (former OPG CEO), Jinsu Baik (KHNP nominee), and Wes Carson (Wheaton Precious Metals)

Foremost Clean Energy (NASDAQ: FMST) has completed an airborne geophysical survey over its CLK Uranium Property in Saskatchewan's Athabasca Basin. The survey, conducted by Expert Geophysics Surveys Inc., covered 771 line-kilometers using MobileMT™ system to identify conductive trends and structural features associated with uranium mineralization.

The CLK Property, spanning 25,753 acres, has shown promising historical drilling results, including intersections of 8,600 ppm U at 862 meters in hole CLG-D1 and 510 ppm U at ~900 meters in hole CLG-D5. The company plans to use the survey results to guide a 2,000-metre diamond drill program scheduled for summer 2025, focusing on extending these historical intersections and exploring new conductive anomalies.

Foremost Clean Energy (NASDAQ: FMST) has announced a warrant incentive program to encourage the exercise of up to 487,848 warrants from their March and April 2024 private placements. The program offers two key incentives during the Early Exercise Period ending June 05, 2025: a reduced warrant exercise price from $4.00 to $1.75 per Common Share, and the grant of an additional Incentive Warrant exercisable at $2.20 per share with a one-year term. After the Early Exercise Period, unexercised warrants will revert to original terms. Only 10% of insider-held warrants are eligible, and finder's warrants are excluded. The program requires regulatory approval, including CSE approval. Proceeds will be used for investment purposes.

Foremost Clean Energy (NASDAQ: FMST) has announced a significant uranium discovery at its Hatchet Lake Property in Saskatchewan's Athabasca Basin. The discovery drill hole TF-25-16 intersected 0.10% eU3O8 over 6.5 metres within a 15-metre wide alteration zone, including high-grade intervals of up to 0.22% eU3O8 over 0.9 metres. The mineralization, found near the unconformity, remains open along strike, across strike, and at depth. This discovery is part of Foremost's $6.5 million 2025 Athabasca Basin exploration program and validates their strategic collaboration with Denison Mines Corp. The company also announced the appointment of Shayla Forster as Corporate Secretary, effective May 1, 2025.

Foremost Clean Energy (NASDAQ: FMST) has announced a comprehensive multi-platform investor awareness campaign targeting North American retail and institutional investors. The campaign aims to highlight three key aspects: the importance of nuclear energy in clean energy transition and AI data processing, Canada's strategic position in critical mineral supply chain, and Foremost's unique position as a Nasdaq-listed Athabasca Basin pure-play.

The campaign includes three main partnerships: RedChip Companies will manage a national TV campaign on CNBC and Fox Business, including a Bloomberg TV feature, starting May 12, 2025, for USD $45,000. LFG Equities will provide digital media and marketing services for USD $500,000 over three months. Spark Newswire will extend its marketing services for six weeks at CAD $75,000, covering social media promotion and digital marketing.

Foremost Clean Energy (NASDAQ: FMST) has announced plans to conduct a 771 line-kilometer MobileMT™ airborne geophysical survey at its CLK Uranium Property in Saskatchewan's Athabasca Basin region. The survey, to be conducted by Expert Geophysics Surveys (EGS), aims to enhance understanding of uranium mineralization prospects, following up on 1997 drilling results that found uranium at 862 meters depth.

The CLK Property, spanning 25,753 acres, is located 30 kilometers south of the Athabasca Basin margin within the Snowbird Tectonic Zone. Historical drilling revealed significant findings: CLG-D1 intersected 8,600 ppm U at 862 meters, while CLG-D5 found 510 ppm U at approximately 900 meters depth.

The MobileMT™ survey, scheduled for late April/early May 2025, offers advanced capabilities including:

• 1-2 km depth penetration
• Multi-frequency EM system measuring 25Hz-20kHz signals
• Integrated magnetics with 0.001nT sensitivity

Results are expected by July 2025, guiding a planned 2,000-meter diamond drilling program in Q3 2025.

Foremost Clean Energy (NASDAQ: FMST) has received a notification from Nasdaq on April 7, 2025, indicating non-compliance with the minimum bid price requirement. The company's shares have traded below the required US$1.00 threshold for 31 consecutive business days from February 21 to April 4, 2025.

The company has been granted a 180-calendar day compliance period until October 6, 2025, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of ten consecutive business days. If unsuccessful, Foremost may be eligible for an additional 180-day grace period, provided it meets other listing requirements and maintains a market value of publicly held shares of US$1 million.

Management is evaluating options to address the deficiency, including the possibility of a reverse stock split. The notification does not immediately affect FMST's Nasdaq listing or trading status.