Foremost Lithium Resource & Technology Ltd Stock Price, News & Analysis

Foremost Clean Energy (NASDAQ: FMST) has engaged Caur Technologies to conduct an ambient noise tomography (ANT) survey at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin. The survey aims to refine targets along graphitic conductors associated with uranium mineralization (0.25% U₃O₈ over 6.0m) and generate new targets along structural corridors.

The 17,676-acre property, located near the McClean Lake mill, has shown promising historical drilling results, including 10.13% U₃O₈ over 12.5 meters. The ANT survey will commence this week, followed by Phase 1 diamond drilling in August 2025, targeting depths of 200-350 meters. A Phase 2 winter program is planned for 2026.

The company highlights growing nuclear energy demand, referencing Westinghouse's plans for 10 new U.S. reactors and $90B in private energy investments in Pennsylvania. Analysts project a potential U.S. uranium deficit of 67 million pounds U3O8 by 2035.

Foremost Clean Energy (NASDAQ: FMST) has exercised its option to acquire 100% ownership of the 2,476-acre Jean Lake Lithium-Gold Project in Manitoba's Snow Lake District. The company completed the acquisition by making a final cash payment of $75,000 and issuing $75,000 worth of common shares to Mount Morgan Resources, bringing the total purchase to $250,000 cash plus shares.

The property has demonstrated significant potential with drill results showing high-grade gold intercepts of 7.50 g/t Au over 7.66m (including 102.0 g/t Au over 0.48m) and lithium mineralization of 1.26% Li₂O over 3.35m. The company plans to conduct a 15-hole, 2,500-metre diamond drill program before year-end, targeting both lithium and gold mineralization.

The strategic asset is located near established infrastructure and in proximity to Hudbay Minerals' operations, which have produced over 1 million ounces of gold at its Lalor Mine. Current operations are temporarily affected by regional wildfires and evacuation orders in the Snow Lake area.

Foremost Clean Energy (NASDAQ: FMST) has announced plans to conduct a comprehensive 5,000 line-kilometer MobileMT™ airborne geophysical survey across its GR and Blackwing Uranium Properties in Saskatchewan's Athabasca Basin. The survey, scheduled to begin mid-July 2025, will utilize advanced technology capable of detecting deep conductive structures up to 2 kilometers deep that may host uranium deposits.

The properties are strategically located along two major structural corridors: the Grease River Shear Zone and Black Bay Fault, both known for uranium mineralization potential. Additionally, the company announced the issuance of 413,100 Restricted Stock Units (RSUs) to management and staff, vesting in three equal installments between 2026 and 2028.

Foremost Clean Energy (NASDAQ: FMST) has announced the commencement of drilling at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin. The fully funded program will test high-priority structural corridors near the LaRocque Lake Conductive Corridor, home to IsoEnergy's Hurricane Deposit.

Historical drilling by Denison Mines (2008-2017) revealed promising uranium mineralization, including intercepts of 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters. The Phase 1 drilling program, scheduled for July 2025, will comprise approximately 1,500 meters of diamond drilling, targeting graphitic faults and offset structures at depths of 200-350 meters.

The 17,676-acre property is located 30 kilometers northwest of the McClean Lake mill and shows key indicators of an Athabasca unconformity-style uranium system.

Foremost Clean Energy (NASDAQ: FMST) has initiated a radon geochemical survey at its Wolverine Uranium Property in Saskatchewan's Athabasca Basin. The property, located approximately 15 kilometers from the Cigar Lake Mine, consists of three mineral claims covering 12,444 acres.

The survey targets an area with known structural offset of the sub-Athabasca unconformity, a geological feature associated with high-grade uranium deposits. The property, developed in collaboration with Denison Mines, has shown historical uranium mineralization in faulted pegmatite basement rocks, with unconformity depths ranging from 140 to 300 meters below surface.

Foremost Clean Energy (NASDAQ: FMST) has strengthened its financial position with over $4.5 million from warrant and option exercises by warrant holders and insiders. The company also announced the extension of its national marketing campaign with LFG Equities Corp. until December 31, 2025, at $250,000 USD monthly. The campaign aims to educate North American investors about Foremost's position in the clean energy sector, particularly highlighting its role in the Athabasca Basin uranium exploration and partnership with Denison Mines. CEO Jason Barnard expressed optimism about the uranium market cycle and the company's growth potential, citing rising uranium spot prices and an expected structural supply deficit. The marketing services will include digital marketing, SEO, social media campaigns, and content creation, with the agreement being cancellable with short notice.

Foremost Clean Energy (NASDAQ: FMST) has secured a three-year exploration permit from Saskatchewan's Ministry of Environment for its CLK Uranium Property in the Athabasca Basin. The permit, valid through December 2027, allows for ground geophysics and up to 30 drill holes. The CLK property, strategically staked by Denison Mines, spans 25,753 acres within the uranium-rich Snowbird Tectonic Zone. Historical drilling has shown promising results, with drill hole CLG-D1 intersecting 1.01% U3O8 and CLG-D5 yielding 0.06% U3O8. The company plans to commence a fully-funded exploration program in Q3 2025, following the completion of a MobileMT geophysical survey to refine drilling targets.

Foremost Clean Energy (NASDAQ: FMST) has secured a three-year exploration permit for its Murphy Lake South uranium property in Saskatchewan's Athabasca Basin. The permit, valid until December 31, 2027, allows for geochemical surveys, geophysics, and up to 30 drill holes. The 17,676-acre property is strategically located near the LaRocque Lake Conductive Corridor, which hosts IsoEnergy's high-grade Hurricane Deposit. Historical drilling has shown promising results, including intersections of 0.25% U3O8 over 6 metres and 0.13% U3O8 over 12.5 metres. The company plans a two-phase drill program, with Phase 1 starting in Summer 2025 targeting approximately 1,500 meters of diamond drilling, followed by Phase 2 in Winter 2025/2026. The property shares geological characteristics with the Hurricane Deposit, including graphitic basement structures and shallow unconformity depth of 200-350 metres.

Foremost Clean Energy (NASDAQ: FMST) has appointed Cameron MacKay as Vice President of Exploration, effective June 1, 2025. MacKay brings over a decade of uranium exploration experience and a proven track record of discoveries in the Athabasca Basin. He previously held senior roles in uranium exploration and worked at Hudbay Minerals Inc., a $3.5 billion NYSE-listed mining company. MacKay holds an M.Sc. in Geology from the University of Saskatchewan and is a registered professional with APEGS. The appointment aligns with Foremost's strategy to explore its portfolio of 10 uranium properties in the Athabasca Basin, including the promising Hatchet Lake property where uranium mineralization has been discovered. This strategic hire positions the company to capitalize on growing global uranium demand as nuclear power gains prominence in clean energy solutions.