***Sponsored by LFG Equities, Corp
Download the Investor Presentation HERE
$6.5Mn this year towards exploration program on a diverse portfolio with significant historical exploration and drilling
View more information from their website HERE
_______________________________
Hello Everyone,
We have a new company for you to research ahead of Thursday’s session.
This is a company that has closed green 4 of the last 5 and just bounced off of lows with significant momentum as FMST approahes tha critical $1 level. Every company wants to be sitting north of that.
Pull up FMST right away.
Foremost Clean Energy is a rapidly growing North American uranium exploration company dedicated to advancing the clean energy economy. Their projects consist of 10 prospective uranium properties strategically located within the world-renowned Athabasca Basin, totaling over 330,000 acres.
With drill–ready targets on identified conductors on important structural trends and proximal discoveries, their portfolio is well-positioned to capitalize on the growing demand for uranium as a crucial component of a sustainable energy future.
Foremost Clean Energy also maintains upside potential through a secondary portfolio of lithium projects with significant past drilling spanning 50,000+ acres primed for long-term development.
CATALYSTS
- Extensive Uranium Asset Portfolio: Highly attractive diversified uranium exploration portfolio of shallow and deeper targets with a total of 10 properties spanning over 330,000 acres on 45 claims, with aggressive exploration plans
- Proven Mining Jurisdiction and Prolific Uranium Region:Premier assets located in the Athabasca Basin in northern Saskatchewan, Canada, with robust infrastructure and known to host some of the world’s richest uranium deposits producing ~15% of world’s primary uranium with average grades ranging 10X to 100X higher than the global average
- Strong Macro Tailwinds: Positioned to help enable the uranium market renaissance, with 20+ nations pledging to triple nuclear energy capacity by 2050 during a projected period of sustained structural uranium supply shortages
- Key Uranium Funds and In-vest-ors: Significant number of strategic in-vest-ors including uranium and mining funds, institutions and insiders; $10.5Mn oversubscribed financing closed in November 2024
- Incentives: Foremost Management and Board holds ~10.5% of the company’s shares outstanding.
- Secondary Lithium Upside: Five Canadian lithium projects spanning 50,000+ acres with long-term development potential
Foremost Enters the Uranium Exploration Industry Through an Option Agreement with Denison
On October 07, 2024, Foremost Clean Energy announced that further to the announcement on September 23, 2024, that it has now completed Phase One of its transaction (the “Transaction”) with Denison Mines Corp. (NYSE: DNN; TSX: DML acquiring 20% of Denison’s interest (the “Phase One Interest”) in 10 uranium exploration properties covering over 330,000 acres in the Athabasca Basin in Northern Saskatchewan (the “Exploration Properties”).
The acquisition was completed pursuant to an option agreement with Denison dated September 23, 2024 (the “Option Agreement”), which granted Foremost the option to acquire, through three phases, up to 70% of Denison’s interest in the Exploration Properties.
In addition, concurrent with the acquisition of Phase One Interest, Foremost has also:
• Appointed Mr. David Cates, the President and CEO of Denison, to Foremost’s board of directors; Mr. Cates has extensive expertise in the Canadian and international uranium mining industry from over a decade of senior management and financial experience in various roles with Denison;
• Appointed Andy Yackulic, Denison’s Vice President of Exploration, to its advisory board as a technical and geoscientific advisor. Mr. Yackulic has spent the past two decades of exploration focused in the Athabasca Basin region acquiring extensive experience with various geologic models for uranium mineralization, and has been working with Denison since 2020. Previously, he spent 12 years at Cameco Corporation in various roles and led the exploration team that discovered the Fox Lake uranium deposit. Mr. Yackulic holds a Bachelor of Science in Geology from the University of Saskatchewan, is a member of the Association of Professional Engineers & Geoscientists of Saskatchewan (APEGS), and is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects;
• Entered into an investor rights agreement with Denison; and
• Become the operator of the Exploration Properties.
The Exploration Properties are comprised of 45 claims covering an aggregate area of 332,378 acres (134,509 hectares) within the Athabasca Basin region of northern Saskatchewan, which is known for its prolific history of large high-grade uranium discoveries and operating mines—currently producing ~15% of the world’s primary uranium supply. The portfolio of properties can be grouped into seven (7) properties situated in the eastern Athabasca Basin (Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt Lake, Marten and Wolverine) and three (3) blue sky properties , which consist of roughly 102,000 hectares staked in October 2023 over regional structures and/or structural corridors (Blackwing, CLK and GR).
Fig 1. Map of Foremost’s Uranium Properties With Nearby Mills, Mines and Deposits
Collaboration with Denison
Denison (TSX: DML) (NYSE American: DNN) is a leading Athabasca Basin-focused uranium mining, development, and exploration company. Denison has a significant team of technical experts based in its office in Saskatoon, Saskatchewan, and this best-in-class team is ideal for supporting Foremost with its technical, operating and corporate initiatives. With the completion of Phase 1 of the Option Agreement, Denison became the largest shareholder of Foremost, holding ~19.95% of the shares outstanding and will retain an
Foremost is project operator during the term of the Option Agreement and will conduct the exploration programs with its geological team led by Dahrouge Geological Consulting, under the guidance of Jody Dahrouge. Mr. Dahrouge has a long history of uranium exploration and discovery, which includes the generation of several projects on behalf of Strathmore Minerals Corp. and its successors, including the J Zone (now the Tthe Heldeth Túé deposit) on the Waterbury Lake property, the JR Zone on the Patterson Lake North property and the Triple R Zone at the Patterson Lake South property. As a past President and COO of Fission Energy Corp. (“Fission Energy”), Jody played a key role in the acquisition and exploration of Fission Energy’s exploration property portfolio, which culminated with the eventual acquisition of Fission Energy by Denison in 2013.
Foremost Clean Energy Commences 2025 Drilling Program at Hatchet Uranium Project
The Hatchet Drill Program is expected to test for extensions of known uranium mineralization and new targets based on previously identified anomalous pathfinder elements and hydrothermal alteration
VANCOUVER, British Columbia, April 04, 2025 (GLOBE NEWSWIRE) — Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) an emerging North American uranium and lithium exploration company, is pleased to announce the commencement of its 2025 exploration drill program (the “Drill Program”) at the Hatchet Lake Uranium Project(“Hatchet“), located in the world-renowned Athabasca Basin of northern Saskatchewan. The 2,000 metre helicopter-supported diamond drill program commenced recently and is being conducted on behalf of Foremost by Dahrouge Geological Consulting (“DGC”). Drill testing during this program is expected to evaluate the project’s top exploration prospects at both the Tuning Fork target area (“Tuning Fork”) and Richardson target area (“Richardson”).
“We are excited to commence this fully-funded drill program at Hatchet.” said Jason Barnard, Foremost’s President and CEO, “This program represents a significant step forward for Foremost, launching our first exploration drill program in the Athabasca Basin, designed to evaluate several discovery-ready target areas on well-situated and advanced exploration project that is part of our unique collaboration with Denison Mines Corp. (‘Denison’). Our drill targets for this program have been designed to test interpreted structures and conductive breaks identified based on the wealth of historic exploration already completed on this exciting property.”
Hatchet is located within 1.5 km of the Athabasca Basin margin, which results in shallow sandstone cover (less than 220 metres) and corresponding shallow exploration targets, enabling efficient and cost-effective drill testing. The upcoming 2025 drill campaign plans to capitalize on this advantage, including multiple drill holes to advance the evaluation of several target areas – each of which are highly prospective and have potential for discovery or which will benefit in future drill programs from additional reconnaissance.
Tuning Fork
The shallow drill targets at Tuning Fork (Figure 1) comprise 1,000 m of the planned drilling with an unconformity depth ranging from 120 – 160m. Historical and the 2024 drilling program have identified prominent structures and alteration along conductive trends identified via ground electromagnetic (“EM”) surveys that are coincident with previously identified mineralization that is located near structures at the unconformity. A folded conductive package of graphitic metasediments adjacent to the structure underscores the key elements for uranium mineralization.
Figure 1 – Tuning Fork – 2025 drilling target locations and proposed drillholes
Richardson
The balance of drilling at Hatchet during this program (~1,000 m) is planned to consist of follow up drilling and reconnaissance drilling at the Richardson target area. A series of discrete linear EM conductive anomalies (~7 km in total length) comprise the Richardson target area. Historical drilling (Figure 2) has confirmed the presence of mineralization along the conductive trend at and immediately below the unconformity. Follow up drilling is designed to test the continuity of mineralization along strike and obtain structural data on mineralized structures identified in historical holes. Additional drilling is expected to test certain prospective unexplored conductive trends to evaluate the potential to host uranium mineralization.
Figure 2 – Richardson Trend – 2025 drill targets and proposed drillholes
Qualified Person
The technical content of this news release has been reviewed and approved by Jordan Pearson, P. Geo., Project Geologist for Dahrouge Geological Consulting Ltd., 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.
NEWS
Foremost Clean Energy Announces National Marketing Campaign
2 days ago
Foremost Clean Energy to Conduct Airborne Geophysics Survey Over its CLK Uranium Property
Apr 14, 2025
Foremost Clean Energy Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
Apr 11, 2025
Foremost Clean Energy Commences 2025 Drilling Program at Hatchet Uranium Project
Apr 4, 2025
Foremost Clean Energy Commences Site Preparation for 2025 Drill Program at Hatchet Uranium Project
Mar 27, 2025
Foremost Clean Energy Announces $6.5 Million Uranium Exploration Program Across the Athabasca Basin
Mar 12, 2025
Foremost Clean Energy Reports Multiple Intercepts of Uranium Mineralization from Hatchet Assays
Feb 20, 2025
Feb 13, 2025
Feb 10, 2025
Foremost Clean Energy Announces Commencement of Trading of its Spin-Out, Rio Grande Resources
Feb 7, 2025
MANAGEMENT TEAM
JASON BARNARD
CEO And President, And Non-Independent Executive Board Member
Jason Barnard
Mr. Barnard has over 31 years of capital markets experience. Since 2004, he has been self-employed as a private investor where he has been directly involved in raising over $500 million dollars for mining and exploration companies with a focused expertise on Canadian base metal companies.
Mr. Barnard started his career with McDermid St. Laurence Securities in 1991 as a stockbroker with primary focus in mining, and mining exploration companies. Mr. Barnard then worked at Canaccord Genuity from 1997 until 2004. Mr. Barnard holds a Bachelor of Arts degree with a major in Economics from Carlton University and has obtained The Canadian Securities Course license in 1990. He first started working with and financing Foremost Lithium, previously known as Far Resources, with founder, and President Keith Anderson in 2016 and is the Company’s largest shareholder.
David Cates
Independent Director
David Cates
Mr. Cates is a Chartered Professional Accountant (CPA, CA) and holds Master of Accounting (MAcc) and Honours Bachelor of Arts (BA) degrees from the University of Waterloo. Mr. Cates has extensive expertise in the Canadian and international uranium mining industry from over a decade of senior management and financial experience in various roles with Denison.
Mr. Cates was appointed President & CEO of Denison in 2015, having previously served as the company’s Vice President, Finance & Tax and Chief Financial Officer. Prior to joining Denison in 2008, Mr. Cates held positions at Kinross Gold Corp. and PwC LLP. Mr. Cates also serves as a Director of the Canadian Nuclear Association and of SkyHarbour Resources Ltd.
JODY DAHROUGE, B.SC., SP.C., – P. GEOL.
Geological Advisor
Jody Dahrouge
Mr. Dahrouge has been the President of Dahrouge Geological Consulting Ltd., a North American mineral exploration, consulting, and project management group, since 1988. He is a professional geologist with over 30 years’ experience and holds Bachelor of Science degrees in geology and computing science, both from the University of Alberta.
Mr. Dahrouge has been involved in all aspects of mineral exploration and development for a wide variety of commodities worldwide. Dahrouge Geological Consulting Ltd. has been instrumental in a multitude of grassroots discoveries across a wide variety of commodities and currently has boots on the ground on multiple Canadian and American projects
MARK FEDIKOW PH.D. P.GEO. CPG
Geoscientific Advisor
Mark Fedikow
Dr. Fedikow has over 40 years of experience as an exploration geochemist and a mineral deposits geologist working in both private and public sectors. He is a Fellow at the Association of Applied Geochemists, where he’s previously worked as a councilor. Dr. Fedikow has also served on numerous industry-related committees. He also pioneered the application of regional multimedia geochemical and mineralogical surveys in support of base and precious metal and diamond exploration in Manitoba.
During his 45-year career he has worked for a variety of junior and major mining exploration and mining companies and for the Manitoba Geological Survey as Chief Geologist of the Mineral Deposits Section. In 2001 he received the Provincial Geologists gold medal, a Canadian national award for excellence in the geosciences.
In 2002 Mark left the Manitoba Geological Survey to start his own company (Mount Morgan Resources Ltd.) providing consulting services to the metal and hydrocarbon exploration industry. He is currently registered as P.Eng. and P.Geo. with Engineers Geoscientists Manitoba (“EGM”), P.Geo. with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) and as a Certified Professional Geologist (C.P.G.) with the American Institute of Professional Geologists (“A.I.P.G.”), Westminster, Colorado, U.S.A.
SINCERELY,
DISCLAIMER
THIS WEBSITE/NEWSLETTER IS OWNED SUBSIDIARY BY DEDICATED INVESTORS, LLC.
OUR REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR GENERAL INFORMATION PURPOSES ONLY. WE ARE ENGAGED IN THE BUSINESS OF MARKETING AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION. WE HAVE BEEN COMPENSATED A FEE OF SEVEN THOUSAND ONE HUNDRED SEVENTY FIVE USD BY LFG EQUITIES CORP FOR A ONE DAY FMST AWARENESS CAMPAIGN. NEVER INVEST IN ANY STOCK FEATURED ON OUR SITE OR EMAILS UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. READERS ARE ADVISED TO REVIEW SEC PERIODIC REPORTS: FORMS 10-Q, 10K, FORM 8-K, INSIDER REPORTS, FORMS 3, 4, 5 SCHEDULE 13D.DEDICATED INVESTORS LLC IS COMPLIANT WITH THE CAN SPAM ACT OF 2003. DEDICATED INVESTORS LLC DOES NOT OFFER SUCH ADVICE OR ANALYSIS, AND DEDICATED INVESTORS LLC FURTHER URGES YOU TO CONSULT YOUR OWN INDEPENDENT TAX, BUSINESS, FINANCIAL AND INVESTMENT ADVISORS. INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES AND EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT AN INVESTORS INVESTMENT MAY BE LOST OR IMPAIRED DUE TO THE SPECULATIVE NATURE OF THE COMPANIES PROFILED.THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES INVESTORS A SAFE HARBOR IN REGARD TO FORWARD-LOOKING STATEMENTS. ANY STATEMENTS THAT EXPRESS OR INVOLVE DISCUSSIONS WITH RESPECT TO PREDICTIONS, EXPECTATIONS, BELIEFS, PLANS, PROJECTIONS, OBJECTIVES, GOALS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE NOT STATEMENTS OF HISTORICAL FACT MAY BE FORWARD LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS ARE BASED ON EXPECTATIONS, ESTIMATES, AND PROJECTIONS AT THE TIME THE STATEMENTS ARE MADE THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM THOSE PRESENTLY ANTICIPATED. FORWARD LOOKING STATEMENTS IN THIS ACTION MAY BE IDENTIFIED THROUGH USE OF WORDS SUCH AS PROJECTS, FORESEE, EXPECTS, WILL, ANTICIPATES, ESTIMATES, BELIEVES, UNDERSTANDS, OR THAT BY STATEMENTS INDICATING CERTAIN ACTIONS & QUOTE; MAY, COULD, OR MIGHT OCCUR. UNDERSTAND THERE IS NO GUARANTEE PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS. IN PREPARING THIS PUBLICATION, DEDICATED INVESTORS LLC HAS RELIED UPON INFORMATION SUPPLIED BY ITS CUSTOMERS, PUBLICLY AVAILABLE INFORMATION AND PRESS RELEASES WHICH IT BELIEVES TO BE RELIABLE; HOWEVER, SUCH RELIABILITY CANNOT BE GUARANTEED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS WEBSITE. RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS WEBSITE AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH ON THE FEATURED COMPANIES. THE ADVERTISEMENTS IN THIS WEBSITE ARE BELIEVED TO BE RELIABLE, HOWEVER, DEDICATED INVESTORS LLC AND ITS OWNERS, AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, REPRESENTATIVES AND AGENTS DISCLAIM ANY LIABILITY AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION CONTAINED IN ANY ADVERTISEMENT AND FOR ANY OMISSIONS OF MATERIALS FACTS FROM SUCH ADVERTISEMENT. DEDICATED INVESTORS LLC IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES ADVERTISED HEREIN, NOR IS DEDICATED INVESTORS LLC RESPONSIBLE FOR ANY OTHER PROMOTIONAL FIRM, ITS PROGRAM OR ITS STRUCTURE. DEDICATED INVESTORS LLC IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION SYSTEM, THE SECURITIES EXCHANGE COMMISSION OR FINRA.