Foremost Clean Energy Stock Price, News & Analysis

Foremost Clean Energy (NASDAQ: FMST) has initiated its 2025 winter exploration program at the Hatchet Lake Uranium Project in Saskatchewan's Athabasca Basin. The program includes 2,000 metres of diamond drilling across 8 drill holes, focusing on two priority areas: Tuning Fork and Richardson.

The drilling campaign targets uranium mineralization at shallow depths (less than 220 metres), with previous results showing up to 0.11% U3O8 along the Richardson conductor. The project's location within 1.5 km of the Athabasca Basin margin enables cost-effective exploration.

Historical drilling revealed significant findings, including a sample with 4.9% Ni, 6.06% Co, and 47.6% As. The company has also announced board member Johnathan More's resignation effective April 1, 2025, and granted 83,333 stock options at $1.20 CND per share and will issue 62,500 common shares to a strategic advisor.

Denison Mines (TSX: DML, NYSE: DNN) reported significant progress in 2024 towards developing the Phoenix ISR uranium project. The company achieved ~65% completion of total engineering and secured key regulatory milestones, including CNSC's acceptance of the final Environmental Impact Statement. A two-part public hearing is scheduled for late 2025, potentially enabling project approvals and construction start in early 2026.

The company signed multiple agreements in 2024: a Mutual Benefits Agreement with Kineepik Métis Local #9, a Community Benefit Agreement with Pinehouse Lake, and a Sustainable Communities Investment Agreement with multiple northern municipalities. These agreements secured community support for Wheeler River development.

Notable developments include the planned restart of McClean Lake mining operations in 2025 using SABRE mining method, completion of ISR field testing at Midwest, and strategic partnerships with Foremost Clean Energy and Cosa Resources for exploration projects. The company maintains its target for Phoenix's first production by first half of 2028.

Foremost Clean Energy (NASDAQ: FMST) has announced a comprehensive $6.5 million uranium exploration program for 2025 across its portfolio in the Athabasca Basin, Saskatchewan. The program encompasses multiple properties including Hatchet Lake, Murphy Lake South, GR, Blackwing, Wolverine, and CLK.

Key initiatives include:

• Murphy Lake South: Two-phase drilling program totaling 1,500 meters targeting uranium mineralization
• CLK Property: Planned airborne EM and magnetic survey with 2,000-meter diamond drilling program
• Wolverine Property: Geochemical survey scheduled for summer 2025
• GR and Blackwing Properties: Airborne electromagnetic and magnetic surveys
• Hatchet Lake: Phase Two drill program planned for late summer 2025

The company acknowledges market uncertainty affecting share prices, particularly regarding potential tariffs, but maintains confidence in its exploration strategy and partnership with Denison Mines Corp.

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.