***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
FMST has been on a 300%+ run since we first brought it to your attention a month ago!
Check out the Company Lander Here: https://foremostcleanenergy.com/landing
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Hello Everyone,
Wow……. What an incredible profile we just dished out to you. This thing ROCKETED almost 200% on massive interest. Everyone was talking about this one! Congrats if you caught a piece of that one!
Speaking of parabolic companies, unless you have been down in Antarctica looking for polar bears then you are going to remember FMST from the 1st of May when we brought it to you before it just went on a 300%+ run in under a month’s time.
Yes you read that right……300%. In fact, it made new highs of 4.34 TODAY!
Less than a month ago we brought this one to you at .96. .96 to 4.34 in a month. You don’t need to break the calculator out on that one.
We need to put FMST back on the menu and not because of the parabolic move that it just made over the past month. While that is important and cannot be overlooked, that is secondary as to why you need to research FMST again. Just days ago President Trump came in and changed the whole Uranium landscape.
President Trump just signed four explosive executive orders that will:
• Mandate 400 GW of U.S. nuclear capacity by 2050 (4X current levels), requiring 64,000+ tons of annual uranium—or 2.5X the amount of uranium at today’s current levels.
• Ban reliance on foreign uranium, notably Russian uranium imports by 2028
• Fast-track reactor approvals (18 months for new builds) and prioritize Small Modular Reactors (SMRs).
• Invoke the Defense Production Act to revive domestic uranium mining and enrichment.
This isn’t just policy—it’s a uranium demand shock
President Trump has just signed an executive order to overhaul the nuclear regulatory commission and this sent nuclear stocks surging in the past few days. FMST is making serious moves right now and is up more than 300% in the past month, but somehow this is still flying under the radar. They have a great location (Athabasca Basin), and a growing sector (nuclear).
And with a solid multi-billion-dollar partner, Denison Mines Corp backing them, this isn’t just a partner —they’re also Foremost’s largest shareholder. Denison CEO sits on Foremost’s board, offering direct access to Denison’s ISR mining expertise, future milling infrastructure, and streamlined permitting strategies. Denison just doesn’t back any company and offers credibility; it is like it is already partially derisked.
With Denison preparing to launch Canada’s first ISR uranium mine by 2028 , Foremost is perfectly aligned to benefit from that first-mover advantage.
As the demand for carbon free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy.
America currently produces just 200,000 pounds of uranium annually but requires 40 million pounds – a gap that is astounding, prioritized byTrump’s Executive Order to fast-track domestic and allied uranium development. While others scramble, Foremost Clean Energy (NASDAQ: FMST) is already securing resources in Canada—a stable, democratic jurisdiction the U.S. can turn to, to evade geopolitical tensions and any global shortages that may occur, and possible price spikes.
With its low-cost, high-grade assets in the Athabasca Basin, Foremost is uniquely positioned. They could be the next uranium company to address the coming market demands while insulating American utilities from potential price spikes and supply disruptions.
Foremost also has a portfolio of lithium projects which are located across 55,000 acres in Manitoba and Quebec. Now before I look at the investor’s presentation, it’s important to put some context on what’s going on in the nuclear energy sector right now.
Uranium prices have been rising for more than 5 years, peaking at over $100 in January 2024, but recently hit an 18-month low. Now, uranium is on the rise again. President Trump declared nuclear energy a national security priority and last week signed four new blockbuster executive orders to overhaul the nuclear sector. And this is a game changer for uranium explorers like Foremost. These include, reinvigorating the nuclear industrial base, ordering the reform of the nuclear energy commission, reforming nuclear reactor testing at the Department of Energy, and deploying advanced nuclear reactor technologies for national security.
This isn’t just a small policy change. It’s unleashing a uranium demand tsunami. And with the US relying on Canada for approximately 25% of its uranium, we should only expect that number to skyrocket from here. Meaning that foremost clean energy’s Athabasca basin projects just became strategic gold mines.
But FMST isn’t exploring just anywhere. This is the Athabasca basin. This could be the most elite uranium rich property on the planet. This is the only place on earth where uranium grades routinely come in at 10 to 100 times higher than the global average.
Their 10-property portfolio sits in the same proven geological corridor as Cameco’s McArthur River—one of the richest uranium mines ever discovered.
Foremost is going big in 2025. Their $6.5 million exploration program is the largest among Athabasca uranium juniors.
And the early results are already turning heads.
FMST’s very first drill program at its Hatchet Lake property revealed multiple mineralized intervals, 0.22% eU3O8 over 0.9 metres, within a 15-metre-wide zone of alteration. What does that actually mean?
• 0.22% uranium concentration is actually quite impressive for a first find—many operating uranium mines run at grades between 0.1-0.4%
• That 0.9-meter thickness is substantial enough to be economically interesting
• The 15-meter “alteration zone” surrounding it is basically a neon sign saying “there might be more uranium nearby
This is the same mining method Denison is pioneering just next door at Wheeler River. Though FMST may be holding future feed stock for Canada’s first ISR uranium mine. FMST is miles ahead of the other junior explorers.
While others are still hunting for targets, FMST is already intercepting mineralization at economic grades. They are in the exact right place at the exact right time. Looking at the recent investors presentation, FMST is rapidly growing.
Their projects consist of 10 prospective uranium properties strategically located within the world-renowned Athabasca Basin totaling over 330,000 acres.
Fig 1. Map of Foremost’s Uranium Properties With Nearby Mills, Mines and Deposits
And Denison Mines had done years of prior exploration on this portfolio, including drilling and geophysical surveys. Foremost was not starting from scratch like other juniors.
With Denison Mine’s extensive historical work already done, Foremost Clean Energy (NASDAQ: FMST) was provided a clear roadmap to high-priority targets —giving it an edge most early-stage explorers simply didn’t have.
Some of Foremost’s properties can be found alongside or within major uranium trends including the LaRocque corridor – host to IsoEnergy’s world-class Hurricane Deposit (48.6M lbs at 34.5% U3O8) , underscoring the high-grade discovery potential of Foremost’s projects.
With President Trump’s new executive orders, the company is positioned to help enable the uranium market renaissance with over 20 nations pledging to triple nuclear capacity by 2050. This is a projected period of sustained structural uranium supply shortages. There is also secondary lithium upside for this company with five Canadian lithium projects spanning 55,000 acres with long-term development potential.
The collaboration with Denison Mines is significant.
FMST’s deal with Denison makes it one of the rarest of rare junior explorers.
Denison Mines is a uranium developer and miner with access to a mill that separates uranium from ore. This suggests that if Foremost discovers a uranium deposit, they already have a partner capable of refining and delivering it to the market. The uranium market outlook is bullish and the small modular reactor market is expected to expand to over 8 billion by 2028. These SMRs are considered to be the future of nuclear power and some of the world’s largest companies are switching to these in order to power their data centers.
Late last year, Google announced that it’s backing nuclear power to supply energy to its ever increasing energy hungry AI data centers.Microsoft is also planning to tap into these nuclear reactors to fuel growing AI demand. The demand for nuclear power is increasing and RBC capital markets have stated that one thing is for certain; More investment into uranium supply is required to keep pace with the growing demand. That’s why investors are starting to pay attention to FMST.
Foremost isn’t just another explorer. It’s a well-capitalized drill ready opportunity in a sector set to explode with a game-changing partnership with Denison Mines.
With Denison preparing to launch Canada’s first ISR uranium mine by 2028, FMST is perfectly aligned to benefit from that first mover advantage. Canada already supplies around 25% of US uranium needs. This relationship is so essential that even the Trump administration has limited its recent uranium tariff to just 10%. This isn’t just trade, it’s energy security.
FMST holds 45 claims across 330,000 acres surrounding some of the world’s largest and highest grade uranium operations like Cigar Lake and MacArthur River. Think about how important this can be. Unlike most junior explorers focused on single targets, FMST is diversified across 10 separate properties each with multiple drill ready zones. This dramatically increases the odds of a major discovery. It also enables Foremost to launch multiple exploration campaigns simultaneously, something that very few of its peers can do, putting Foremost at the forefront of a market set to explode.
This is not just a small market rally. This is a generational shift. And Trump’s executive orders just lit a fire under the uranium market. Trump’s orders will quadruple US capacity to 400 gigawatt by 2050, requiring 2.5 times more uranium than today’s entire global supply. The Defense Production Act now treats uranium as national security infrastructure, prioritizing contracts with allies like Canada that supply the US with so much uranium.
We’ve already seen that AI and tech giants like Microsoft and Google are going nuclear, but there is currently a supply crunch. We now have 22 nations such as Britain and France pledging to triple nuclear capacity by 2050. Unfortunately, uranium mines can take more than 10 years to permit. This means that Foremost is perfectly positioned in the right place at the right time to take advantage of this.
Foremost in partnership with Denison is drilling the Athabasca basin just as uranium’s supply crisis hits.
Many analysts are projecting prices to triple to over $150 by 2026. Denison Mines holds nearly 20% of Foremost. Their operational support, board presence, and technical expertise give Foremost Energy rare credibility for a micro cap explorer.
The world demand for nuclear power looks set to skyrocket, demanding more uranium than ever. Foremost Energy’s deal with Denison Mines looks like it could be a gamechanger.
CATALYSTS
• Denison Partnership – There is no denying that what gives Foremost Clean Energy its strategic advantage: Denison Mines – By providing technical, operational, and financial support as well access to its vast industry networks that it took years to build, Foremost gains instant credibility and a multi-year head start over other peers. Denison owns almost ~20% of the outstanding shares and provides Foremost a competitive advantage offering confirmed targets and mineralized areas from years of previous exploration unlike other juniors starting from scratch.
• Tier-1 Uranium Portfolio with Near-Term Catalysts– It has 10 drill-ready properties (330,000 acres) in proven uranium corridors all near and surrounding mines, mills and infrastructure. It has its Hatchet Lake drill program where it announced a new uranium mineralization discovery. With a fully-funded$6.5Million 2025 exploration program and multiple drill programs on discovery-ready projects in the pipeline, any small catalyst could re-rate Foremost Clean Energy (NASDAQ:FMST) to levels never seen.
• Only 10.4 Million Outstanding Shares – This is like a tightly coiled spring with high insider ownership ~29.63. With such a tiny float, any major news or discovery could trigger explosive moves. Foremost is a potential powder keg for upside when uranium’s supply crunch meets its catalysts.
• Bonus Asset Exposure –Foremost also has “Lithium Lane” projects in Snow Lake, Manitoba, and the Lac Simard South project in Quebec, totaling over 55,000 acres offering exposure to battery metals at no extra cost to uranium-focused investors. This offers great added upside potential with zero added dilution,
• Nuclear Future – But wait, that deficit could grow to 91 million pounds of or so due to President Donald Trump’s executive order U.S. to expand its nuclear power resource by 4X by 2050. That could add as many as 58,000 more tons of uranium to the annual deficit. Companies like Foremost Clean Energy (NASDAQ:FMST) could be the solution to that crisis.
• Uranium Market Tailwinds – Trump’s landmark executive orders are expected to create a bullish outlook for uranium. Foremost is well-positioned to benefit situated in a stable jurisdiction aligning with U.S. national-security priorities. Tech giants like Microsoft and Amazon investing in nuclear power, surging AI and data center energy needs, and rapid SMR adoption. With new executive orders streamlining regulations and injecting billions in government funding, uranium demand and prices appear poised for parabolic growth.
Bottom Line: Foremost Clean Energy is a unique, catalyst-rich play on the uranium bull market, combining high-grade assets, strategic partnerships, and near-term drilling news flow. Investors could gain leveraged exposure to nuclear energy’s pivotal role in the clean energy transition—backed by a tight share structure and institutional support. At current levels, Foremost Clean Energy represents a high-conviction opportunity ahead of exploration results and broader uranium price appreciation.
Trump’s Executive Order transforms Foremost into a strategic national priority. With drilling results pending and uranium prices poised to surge, Foremost Clean Energy (NASDAQ: FMST, CSE: FAT) offers high leverage to the nuclear renaissance.
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 Completes Highly Successful Exploration Drill Program at Hatchet Uranium Property and Provides Corporate Update
Highlights include:
- Anomalous radioactivity was detected in 6 out of 10 completed drill holes, assay results are pending
- At Tuning Fork, identification of an extensive hydrothermal system, strong alteration halo, and anomalous radioactivity surrounding drill hole TF-25-16
- At Richardson, uranium mineralization was extended 50-metres along the Richardson conductor in drill hole RL-25-32 confirming system’s growth potential
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) completed a highly successful maiden winter drill program at the Hatchet Lake Uranium Property (“Hatchet“), which is located in the world-renowned Athabasca Basin region of northern Saskatchewan (Figure 1). The diamond drill program, originally planned as an 8-hole ~2,000 metre program, increased to 10-holes for over 2,400 metres following positive preliminary results from drill hole TF-25-16 – which discovered a new area of uranium mineralization highlighted by a mineralized interval of 0.10% eU3O8 over 6.5m, including 0.22% eU3O8 over 0.9m, within a 15m wide zone of alteration. Anomalous radioactivity was detected directly above and/or below the unconformity in six of the ten drill holes completed as part of the drill program: RL-25-32, TF-25-13, TF-25-16, TF-25-17, TF-25-18, and TF-25-19. Samples from the mineralized intersections in these drill holes have been submitted for assay and results are pending.
A notable highlight from the completion of the drill program was the 50 metre extension of previous mineralization along the Richardson conductor with drill hole RL-25-32, which returned two discrete mineralized intervals, as summarized in Table 1.
Table 1 – Drill Hole RL-25-32 – Downhole Gamma Probe Highlights
From (m)To (m)Length (m) (1)eU3O8 (%)(2)89.9490.140.20.082239.54239.740.20.077
(1) Final depth measurements and true thickness have not yet been determined(2) Composited at a 0.05% eU3O8 cut-off
Jason Barnard, Foremost’s President and CEO commented, “Our immediate success at Hatchet is attributable to Foremost’s unique collaboration with Denison Mines Corp. (“Denison”), where Denison’s extensive historic work on the property has identified several prospective structural settings for the potential discovery of uranium mineralization. We are particularly excited about the result from drill hole TF-25-16, which was the first hole completed in a 600-meter gap in an under-explored target area, resulting in the discovery of a new area of uranium mineralized. Based on follow up drilling in this area we are seeing strong radioactivity within graphitic shear zones, classic Athabasca-style clay alteration, and evidence of multiple mineralization events – making this an exciting new discovery with many of the hallmarks of a high-grade unconformity system that is open in every direction.”
“For our shareholders, these results validate our strategy and speak to the potential of Foremost’s ten uranium exploration properties under option from Denison: leveraging our strategic collaboration with Denison to make high-impact discoveries in one of the world’s premier uranium districts. As we await assays from Hatchet and plan further follow-up drilling, we’re equally excited to be able to apply the same exploration model across our portfolio, including expected upcoming drill programs at CLK and Murphy Lake South.”
Figure 1 – Hatchet Lake location and overview map
Tuning Fork
Figure 2 – Tuning Fork Claim Block – 2025 drill hole locations and historical results.
Two drill holes were completed for initial follow up of the mineralization discovered in TF-25-16 – with TF-25-17 & TF-25-18 drilled off the same pad location as TF-25-16 and designed to examine the up-dip and down-dip extension of the mineralization intersected in TF-25-16. Two additional drill holes, TF-25-19 & TF-25-20, were completed to target the conductor axis 40-metres and 60-metres NE and SW, respectively, to test the along strike extension of the mineralization encountered in TF-25-16 (Figure 2). Extensive hydrothermal alteration (clay, hematite, and chlorite) was encountered with elevated radioactivity near the unconformity in each of the follow up drill holes, except for TF-25-20. These alteration markers are potentially indicative of a significant hydrothermal system, and when combined with confirmed uranium mineralization near major structural boundaries, represent one of the most reliable indicators of a high-potential area for follow-up.
Richardson
Figure 3 – Richardson Claim Block – 2025 drill hole locations and historical results.
The mineralization discovered in RL-25-32, at an approximate depth of 90 metres, is interpreted to be an extension of the mineralization intersected by RL-24-29 in 2024 (Figure 3). The second mineralized interval in RL-25-32, intersected mineralization at a depth of approximately 240 metres, which represents a new horizon for mineralization on the Richardson conductor, as previous drilling was generally aimed at shallow targets. Overall, the confirmation of mineralization along strike and the discovery of a new mineralized interval at depth is highly encouraging for the Richardson trend and suggests that there may be potential to discover additional mineralization along trend at depth, which is largely untested by historical drilling. Numerous additional target locations have been identified on the Richardson trend and warrant future drill testing.
Samples from drill core were collected during the drill program and shipped to SRC Geoanalytical Labs (“SRC”) and all applicable Portable Infrared Mineral Analyzer (“PIMA”) samples have been shipped to Rekasa Rocks Inc. to analyze and determine clay species. Assays are currently undergoing analysis and will be announced by news release upon completion, expected in the coming weeks.
Planned Follow-Up Exploration at Hatchet Lake
Work in 2025 will focus on integrating newly acquired geochemical, structural, and geological data to refine vectors toward the potential source of the recently discovered mineralization. Ground geophysics is currently being evaluated to help de-risk future drilling by delineating key structures and alteration zones identified in the latest campaign.
A winter 2025–2026 drill program is being planned to test newly defined anomalies and advance the geological understanding of the mineralization intersected in drillhole TF-25-16. Conducting the program during the winter season will enable drilling of high priority targets accessible by drilling from frozen lake surfaces. Additional follow-up exploration is scheduled across the broader Hatchet Lake property during this period, positioning the project for its next phase of discovery and development.
Technical Advisor Appointment
Foremost is pleased to report the appointment of Chad Sorba, Denison’s Vice President of Technical Services & Project Evaluation, as Technical Advisor to the Company pursuant to the transaction announced with Denison in 2024. Mr. Sorba is a Professional Geologist (P. Geo) with nearly two decades of experience in Canadian and international uranium exploration, evaluation, and development, and serves as Denison’s Qualified Person pursuant to NI 43-101. During his tenure at Denison, he has led various projects, including Denison’s flagship Wheeler River project, from discovery through to various levels of technical assessments, and evaluated numerous uranium projects for their economic potential, supporting several of Denison’s past asset acquisitions.
Mr. Sorba is a key technical leader of the Denison team that is pioneering the use of the In-Situ Recovery (“ISR”) mining method at certain high-grade uranium deposits in Saskatchewan, including involvement in the design and implementation of the first-of-its-kind ISR feasibility field test, which was successfully completed at Denison’s Phoenixdeposit. He was a critical member of the discovery team for both of Denison’s Phoenixand Gryphon uranium deposits and brings a wealth of Athabasca-focused expertise in uranium exploration to Foremost.
Mr. Sorba’s advisory role reinforces Foremost’s commitment to technical excellence, disciplined project development, and value-driven growth in the uranium sector. This collaboration aligns with the Company’s strategy to leverage world-class expertise as it progresses its exploration and development objectives.
Sampling, Analytical Methods and QA/QC Protocols
Following the completion of a drill hole, the hole is radiometrically logged using a downhole gamma probe, which collects readings of radioactivity every 0.1m along the length of the drill hole. Probe results are then calibrated using an algorithm calculated from the comparison of probe results against a geochemical reference. The gamma-log results provide an immediate radiometric equivalent uranium value (eU3O8%) for the hole, which, except in very high-grade zones, is reasonably accurate.
The downhole gamma probe data detailed in this news release was measured using a QL40-GR Natural Gamma probe from Mount Sopris that was calibrated on February 27, 2025, at the Grand Junction, CO, calibration test pits. Downhole measurements were taken at 0.10m intervals from the top of hole and depth corrected to the handheld RS-125 scintillometer, which was used to determine radioactivity of the core. Final depth measurements and true thickness have not yet been determined.
Where core has been recovered, sampling over mineralized interval is standardized 0.5m samples, except over intervals of strongly elevated radioactivity where select samples between 0.10 & 0.25m were collected. This includes shoulder samples 1m above and below the elevated zone. These select samples were split in half, with one kept in the core box and the other shipped to SRC for sample preparation and analysis. SRC is an independent laboratory with ISO/IEC 17025: 2005 accreditation for the relevant procedures. Control samples are implemented at a frequency of ~5%.
PIMA samples were taken systematically every 10m with increased sample density around strong alteration. Samples were dried and placed into Ziplock bags in preparation for shipping to Rekasa Rocks Inc. PIMA samples are used to identify the different clay species present in the sample to identify clay minerals that can assist in the identification of a potential hydrothermal source.
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 Ltd. Presents in Red Cloud’s Virtual Webinar Series
5 days ago
May 15, 2025
May 7, 2025
Foremost Clean Energy Announces Warrant Incentive Program
May 5, 2025
Foremost Clean Energy Reports New Discovery of Uranium Mineralization at Hatchet Lake Property
May 1, 2025
Foremost Clean Energy Announces National Marketing Campaign
Apr 28, 2025
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
Foremost Clean Energy and Rio Grande Resources Announce Completion of Spin-Out Transaction
Jan 31, 2025
Foremost Clean Energy Provides Clarity Around Halt and Effective Date
Jan 30, 2025
CSE Bulletin: Notice of Distribution and Reclassification – Foremost Clean Energy Ltd. (FAT)
Jan 29, 2025
Jan 29, 2025
Foremost Clean Energy Provides Positive Update on Spin-Out of Rio Grande Resources
Jan 28, 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.
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