Foremost Clean Energy to Deploy District-Scale MobileMT™ Survey Over its GR and Blackwing Uranium Properties
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) ha annunciato l'intenzione di effettuare un indagine geofisica aerea MobileMT™ di 5.000 chilometri lineari presso le sue proprietà GR e Blackwing Uranium nella regione dell'Athabasca Basin, Saskatchewan. L'indagine, prevista per metà luglio 2025, utilizzerà una tecnologia avanzata in grado di rilevare strutture conduttive profonde fino a 2 chilometri, potenzialmente ospitanti giacimenti di uranio.
Le proprietà si trovano strategicamente lungo due importanti corridoi strutturali: la Grease River Shear Zone e la Black Bay Fault, entrambe note per il potenziale di mineralizzazione dell'uranio. Inoltre, la società ha annunciato l'emissione di 413.100 Restricted Stock Units (RSU) destinate a dirigenti e personale, con maturazione in tre tranche uguali tra il 2026 e il 2028.
Foremost Clean Energy (NASDAQ: FMST) ha anunciado planes para realizar una encuesta geofísica aérea MobileMT™ de 5,000 kilómetros lineales en sus propiedades GR y Blackwing Uranium en la cuenca de Athabasca, Saskatchewan. La encuesta, programada para comenzar a mediados de julio de 2025, utilizará tecnología avanzada capaz de detectar estructuras conductoras profundas de hasta 2 kilómetros que podrían albergar depósitos de uranio.
Las propiedades están estratégicamente ubicadas a lo largo de dos corredores estructurales principales: la zona de cizalla Grease River y la falla Black Bay, ambas conocidas por su potencial de mineralización de uranio. Además, la compañía anunció la emisión de 413,100 Unidades Restringidas de Acciones (RSU) para la gerencia y el personal, con adjudicación en tres cuotas iguales entre 2026 y 2028.
Foremost Clean Energy (NASDAQ: FMST)는 사스카치완의 애서배스카 분지에 위치한 GR 및 Blackwing Uranium 광산 지역에서 5,000km 선형 MobileMT™ 항공 지구물리학 조사를 실시할 계획을 발표했습니다. 2025년 7월 중순에 시작될 예정인 이번 조사는 최대 2km 깊이의 전도성 구조를 탐지할 수 있는 첨단 기술을 활용할 예정입니다. 이 구조들은 우라늄 매장 가능성이 있는 지역입니다.
이 광산 지역들은 우라늄 광화 가능성으로 알려진 주요 구조대인 Grease River Shear Zone과 Black Bay Fault를 따라 전략적으로 위치해 있습니다. 또한 회사는 경영진과 직원들에게 413,100개의 제한 주식 단위(RSU)를 발행했으며, 이는 2026년부터 2028년까지 세 차례에 걸쳐 균등하게 권리가 부여됩니다.
Foremost Clean Energy (NASDAQ : FMST) a annoncé son intention de réaliser une enquête géophysique aéroportée MobileMT™ de 5 000 kilomètres linéaires sur ses propriétés GR et Blackwing Uranium dans le bassin d'Athabasca en Saskatchewan. L'enquête, prévue pour débuter à la mi-juillet 2025, utilisera une technologie avancée capable de détecter des structures conductrices profondes jusqu'à 2 kilomètres, susceptibles d'abriter des gisements d'uranium.
Les propriétés sont stratégiquement situées le long de deux grands corridors structuraux : la zone de cisaillement Grease River et la faille Black Bay, toutes deux reconnues pour leur potentiel de minéralisation en uranium. De plus, la société a annoncé l'émission de 413 100 unités d'actions restreintes (RSU) destinées à la direction et au personnel, avec une acquisition en trois versements égaux entre 2026 et 2028.
Foremost Clean Energy (NASDAQ: FMST) hat Pläne angekündigt, eine umfassende 5.000 Linienkilometer umfassende MobileMT™-Luftgeophysik-Studie über seine GR- und Blackwing-Uranium-Immobilien im Athabasca-Becken in Saskatchewan durchzuführen. Die Untersuchung, die Mitte Juli 2025 beginnen soll, wird eine fortschrittliche Technologie einsetzen, die in der Lage ist, bis zu 2 Kilometer tiefe leitfähige Strukturen zu erkennen, die Uranvorkommen beherbergen könnten.
Die Grundstücke liegen strategisch entlang zweier großer Strukturkorridore: der Grease River Shear Zone und der Black Bay Fault, die beide für ihr Uranmineralisierungspotenzial bekannt sind. Außerdem gab das Unternehmen die Ausgabe von 413.100 Restricted Stock Units (RSUs) an das Management und die Mitarbeiter bekannt, die in drei gleichen Tranchen zwischen 2026 und 2028 vesten.
- Implementation of cutting-edge MobileMT technology for deep exploration up to 2km depth
- Strategic property location along two major uranium-fertile structural corridors
- Systematic first-time evaluation of underexplored uranium-prospective areas
- Potential shareholder dilution from 413,100 RSU issuance
- Historical results not yet validated according to National Instrument 43-101 standards
VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce plans to initiate a district-scale 5,000 line-kilometer MobileMT™ airborne geophysical survey across its GR (“GR”) and Blackwing (“Blackwing”) Uranium Properties, located in the world-renowned Athabasca Basin region of northern Saskatchewan. The survey, to be conducted by Expert Geophysics Surveys Inc, is designed to detect deep conductive structures prospective for hosting high-grade uranium mineralization. The program is expected to begin mid-July, subject to operational scheduling.
GR and Blackwing are located on the north-western side the Athabasca Basin and are strategically situated along two major structural corridors known to control uranium mineralization (see Figure 1). The Grease River Shear Zone, which bisects GR, is a major crustal-scale fault system that has been interpreted as a conduit for mineralizing fluids. Similarly, the Black Bay Fault, which cuts directly through the center of Blackwing, is a prominent reactivated basement structure that may provide an ideal setting for the concentration of uranium-bearing fluids.
Jason Barnard, President and CEO of Foremost, commented: "Our team is excited to apply cutting-edge MobileMT technology to these highly prospective but underexplored projects. The scale of this survey reflects our belief in the untapped potential of the GR and Blackwing properties. With large, uranium-fertile structures like the Grease River Shear Zone and Black Bay Fault running through these claims, the opportunity for meaningful discovery is compelling. This is the first time these areas will be systematically evaluated using a deep-penetrating geophysical tool like MobileMT, and we look forward to the insights it will provide."
The MobileMT™ system offers a unique advantage by imaging subsurface resistivity to depths of up to 2 kilometers, making it particularly effective at mapping deep basement conductors and structural features that are often associated with high-grade Athabasca-style uranium deposits.
Key Technical Highlights of the GR and Blackwing Survey:
- Survey Size: ~5,000 line-km across both properties
- Line Spacing: 200 meters; Tie lines spaced at 2,000 meters
- Depth Penetration: 1–2 km using natural EM fields (AFMAG)
- Instrumentation: MobileMT™ system with high-sensitivity magnetic and VLF sensors
This airborne program represents a major step in Foremost’s goal of advancing its north-western Saskatchewan uranium portfolio through modern, efficient exploration methods. The results are expected to provide essential data to guide future ground programs and drill targeting on both properties.
Figure 1. GR and Blackwing Properties
The GR and Blackwing properties both hosts compelling structural features that lie within a regional-scale fault zone with demonstrated mineralizing potential in an area that has remained largely unexplored. The Company believes both properties represent frontier opportunities for the discovery of new high-grade uranium systems and looks forward to reporting results from the planned geophysical surveying.
Annual Equity Grant
As part of its regular annual compensation review process, Foremost has approved the issuance of 413,100 Restricted Stock Units ("RSUs") to its management team, board of directors, employees, consultants, and staff, subject to approval by the Canadian Securities Exchange ("CSE"). This equity grant represents the Company’s 2025 annual equity incentive issuance and is aligned with its long-term compensation philosophy aimed at attracting, retaining, and rewarding high-performing individuals while aligning their interests with those of shareholders.
The RSUs will vest in three equal installments on April 1, 2026, April 1, 2027, and April 1, 2028, contingent on continued service and in accordance with Foremost’s Stock Incentive Plan (the “Plan”), which was adopted by shareholders at the Company’s annual general and special meeting held on December 20, 2025. The RSUs were granted in accordance with the Plan and the policies of the CSE and NASDAQ.
Qualified Person
The technical content of this news release has been reviewed and approved by Cameron MacKay, P. Geo., Vice President of Exploration for Foremost, and a Qualified Person under National Instrument 43-101, who has prepared and reviewed the content of this press release.
A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program.
About Foremost
Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option to earn up to a
Foremost also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec. For further information, please visit the Company’s website at www.foremostcleanenergy.com.
Contact and Information
Company
Jason Barnard, President and CEO
+1 (604) 330-8067
info@foremostcleanenergy.com
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Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties and satisfaction of the conditions to the option agreement with Denison, risks and uncertainties associated with the environment, delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. and information. Please refer to the Company’s most recent filings under its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for further information respecting the risks affecting the Company and its business.
The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a21f0c4-73ee-48f7-b3c3-0153a5160aa4
FAQ
What is the scope of FMST's planned MobileMT survey in Saskatchewan?
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