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Foremost Lithium Resource & Technology reports positive drilling progress on its Zoro Property in Manitoba, confirming lithium mineralization in Dyke 1. Drill holes FL24-009 and FL24-010 returned significant Li2O grades of 1.52% over 5.02m and 1.09% over 9.88m, respectively. The company's inferred resource at Dyke 1 stands at 1,074,567 tons at 0.91% Li2O. Foremost aims to become a leading North American lithium supplier, with plans to expand resources and benefit from government incentives. The potential to manufacture 400,000 car batteries from current lithium reserves signals future growth.
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Foremost Lithium Resource & Technology reports significant drilling progress at Zoro Lithium Property in Manitoba, with a wide drill intercept of spodumene-bearing pegmatite at Dyke 1. The Company's maiden inferred resource at Dyke 1 shows positive growth potential, with drill holes intersecting substantial lengths of pegmatite. The ongoing drilling program aims to expand the known pegmatite system and explore new zones. Foremost Lithium is optimistic about the results and looks forward to further updates.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) has submitted a $10 million proposal for the Government of Canada's Critical Mineral Infrastructure Fund, aiming to enhance transportation infrastructure in Manitoba's Snow Lake region. The company's DSO strategy seeks to fast-track revenue generation pre-mine. With recent Canadian press coverage in the critical minerals sector, the application aligns with Canada's focus on sustainable lithium-ion battery supply chains.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) joins Webull's Corporate Connect Service platform to enhance communication with shareholders. The platform offers a community-driven experience for investors to stay updated on corporate announcements, engage in Q&A sessions, and interact with fellow investors.
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Foremost Lithium Resource & Technology Ltd. appoints Sead Hamzagic as Chief Financial Officer and Corporate Secretary. Sead brings over 37 years of finance and accounting experience to the role, specializing in natural resource and mining companies. His appointment aims to enhance the Company's financial capabilities and deliver long-term value to shareholders.
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6%
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) has commenced drilling on its Zoro Lithium Property in Manitoba, with a focus on Dyke 1 for resource expansion. The Company received a multi-year work permit, partially funded by a $300,000 grant, to improve future exploration programs. Dyke 1 hosts an inferred resource of 1,074,567 tons at a grade of 0.91% Li2O. Drilling has begun at Dyke 8, with high-grade lithium intersections found, showcasing the potential for significant resource expansion.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) announces the results of its annual general meeting, electing new directors, appointing auditors, and confirming executive officers and board committees. Shareholders also approved the Company's new 2023 Stock Incentive Plan.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) announced that President and CEO Jason Barnard will present at the Vancouver Resource Investment Conference on a panel discussing the global lithium supply in the energy revolution. The event will take place on January 21-22, 2024, in Vancouver, Canada. The company aims to showcase its Lithium Lane properties and discuss the importance of reliable local sources of lithium in the North American industry amidst the electrification trend.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) received a multi-year work permit for its Jean Lake Lithium/Gold Project, enabling the company to begin a 15-hole, 2,500-meter diamond drill program in February. The program will target the north-east section of the property, focusing on extending mineralization laterally and at depth to develop a better understanding of the spodumene-bearing pegmatite emplacement mechanisms at Jean Lake.
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Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) has received a $300,000 grant from the Manitoba Mineral Development Fund to support its diamond drill program at the Zoro Lithium Project. The company has previously received two grants of $300,000 each for exploration and drilling programs. The MMDF's contributions aim to stimulate economic development in northern Manitoba and provide unique tax incentives for investing in mineral exploration projects.
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Foremost Lithium Resource & Technology Ltd. Warrant
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Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
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