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

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.

Foremost Clean Energy (NASDAQ: FMST) has successfully regained compliance with Nasdaq's minimum bid price requirement after its stock price surged 264% from April 7 to May 22, 2025, reaching US$2.60 per share. The company, focused on uranium and lithium exploration in North America, received confirmation from Nasdaq on May 23, 2025, that it had maintained the required minimum closing bid price of US$1.00 for the necessary period.

CEO Jason Barnard highlighted the significance of President Trump's executive orders that aim to quadruple nuclear energy capacity to 400 GW by 2050. The company's strategic partnership with Denison Mines positions it advantageously in the Athabasca Basin, with potential to accelerate discovery and production timelines as Denison prepares to start construction of Canada's first ISR uranium mine in 2026.

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.

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.