FMST

VANCOUVER, British Columbia, May 05, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce the results of a previously completed 2025 helicopter-borne MobileMT electromagnetic and magnetic survey at its 25,753-acre CLK Uranium Property (“CLK” or the “Property”), located in the northern Athabasca Basin region of Saskatchewan. The survey was conducted by Expert Geophysics Surveys Inc. and was designed to map both conductive and resistive anomalies as well as magnetic susceptibility to interpret structure, and alteration zones associated with unconformity-style uranium mineralization. Following the MobileMT survey, the Company engaged Caur Technologies Inc. to conduct an ambient noise tomography (“ANT”) survey to further refine targeting at CLK. The survey was completed in fall 2025 and the final velocity model has been received. Integration of the ANT and MobileMT datasets is now underway to define high-priority drill targets near CLG-D1, a historical drill hole that intersected 8,600 ppm U1 (approx. 1.01% U3O8) from visible pitchblende stringers just below the unconformity. Survey Highlights: The MobileMT survey covered 808 line-kilometres across the 136 km² CLK block. MobileMT results highlight a complex geo-electrical environment with conductive anomalies distributed from surface to depths exceeding 900 metres, both above and below the interpreted unconformity. The ANT survey deployed a network of 221 three-component sensors over an approximately 7.5 × 3.8 km, designed to image subsurface shear-wave velocity to depths of up to ~2 km. The ANT survey was designed to delineate the depth to the Athabasca unconformity and identify structural features such as fault zones, basement architecture, and potential alteration corridors associated with unconformity-related uranium mineralization. Jason Barnard, President and CEO of Foremost Clean Energy, commented: “The MobileMT survey has provided valuable insight into the structural framework at CLK. Now, with the ANT survey complete and the final velocity model in hand, we are integrating both datasets to advance high-priority drill targets and build on the strong foundation provided by historic high-grade uranium mineralization.” Historical Drill Highlights: CLG-D1: Intersected 8,600 ppm U1 (approx. 1.01% U3O8) at 862 meters, hosted in pitch...

Targeted Re-Sampling of Previously Unassayed 2023 Intervals Expands Understanding Of Gold Distribution Along The Valkyrie And Midas Trends VANCOUVER, British Columbia, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to report results from its targeted historic core resampling program at its 100%-owned Jean Lake Gold-Lithium Property (“Jean Lake”), located near the historic mining centre of Snow Lake in Manitoba. This program was completed following the Company’s December 2025 diamond drill campaign and focused on resampling previously unsampled intervals from select 2023 drillholes along the Valkyrie and Midas Gold Trends (see News Release dated December 8, 2025). Highlights include: FM23-25: 1.10 g/t Au over 8.0 metres from 22.0–30.0m, including 6.9 g/t Au over 0.5 metres FM23-08: 0.64 g/t Au over 10 metres from106.5-116.9m The objective of this work was to address underrepresented sampling in certain mineralized sections, improve continuity interpretation between previously reported intercepts, and refine the Company’s understanding of gold distribution within the broader structural corridor. Jason Barnard, Foremost’s President commented: “This targeted resampling program was designed to address previously unsampled intervals within mineralized sections and improve the representation of gold distribution within historical drill core. Systematic sampling of previously unassayed intervals has identified additional mineralized sections and provides a more complete representation of gold distribution within the Valkyrie structural corridor. These results support refinement of the geological interpretation and will inform step-out and infill drill targeting in the next phase of exploration at Jean Lake.” Figure 1. Jean Lake – Gold Assay Results by Drillhole (2023 + 2025) Integrated Results Summary The results presented here include both previously reported gold intercepts from the Company’s 2023 drill program (see News Release dated June 6, 2023) and new assay results generated from the Company’s 2025 gap-fill re-sampling program. The additional assays demonstrate that mineralization extends beyond previously reported intercepts and occurs through intervals that had not been systematically sampled. The integration of these results provides a more complete representation of gold dist...

2025 Drilling Identifies ~600 Metres Of Mineralized Strike Length Along the Valkyrie Gold Trend; Final Assays Include 9.4 g/t Au Over 2.2 m (Incl. 27.9 g/t Au Over 0.7 m) VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to report the final assay results from its 2025 diamond drill program at its 100%-owned Jean Lake Gold-Lithium Property (“Jean Lake”) located near the historic mining centre of Snow Lake in Manitoba. The program consisted of 15 drill holes (see Figure 1) totaling 2,266 metres (see News Release dated December 8, 2025). Final assays returned high-grade near surface intercepts including 9.4 g/t Au over 2.2 metres from 48.0 metres (including 27.9 g/t Au over 0.7 metres) in JL25-010 and 6.2 g/t Au over 2.6 metres from 52.5 metres (including 31.1 g/t Au over 0.5 metres) in JL25-009 (see Table 1). These latest drill results continue to define and expand the near-surface gold system along the Valkyrie Trend. Gold mineralization has now been intersected along approximately 600 metres of strike length on and adjacent to the Valkyrie Trend (see Figure 2), significantly increasing the scale of the emerging gold system. Highlights: JL25-006 2.9 g/t Au over 6.7 m starting at 169.5 m, including 32.6 g/t Au over 0.5 m 2.6 g/t Au over 2.5 m starting at 36.0 m, including 6.2 g/t Au over 0.5 m JL25-007 2.6 g/t Au over 5.4 m starting at 43.4 m, including 6.8 g/t Au over 1.8 m JL25-009 6.2 g/t Au over 2.6 m starting at 52.5 m, including 31.1 g/t Au over 0.5 m 1.5 g/t Au over 9.1 m starting at 15.4 m, including 9.1 g/t Au over 0.9 m 1.6 g/t Au over 6.7 m starting at 30.0 m, including 9.2 g/t Au over 1.0 m JL25-010 9.4 g/t Au over 2.2 m starting at 48.0 m, including 27.9 g/t Au over 0.7 m Jason Barnard, Foremost’s President and CEO, commented: “These final results complete a successful 2025 drill campaign and significantly advance our understanding of the Jean Lake property. What began as a high-grade discovery in 2023 has now evolved into a ~600-metre mineralized gold corridor along the Valkyrie Gold Trend, characterized by consistent higher-grade zones within broader mineralized envelopes. Mineralization occurs at shallow depths in several holes and remains open along strike and at depth, reinforcing our confidence that this represents a robust shear zone g...

VANCOUVER, British Columbia, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to report positive lithium assay results from its 2025 drill program at the 100%-owned Jean Lake Gold–Lithium Project (“Jean Lake”) located near Snow Lake, Manitoba. JL25-005B (see Figure 1) intersected multiple spodumene-bearing intervals within the B1 Pegmatite. These lithium results combined with structurally controlled gold mineralization reinforce the Jean Lake Property as a multi-commodity exploration play. HIGHLIGHTS: JL25-005B 1.6% Li2O over 5.0 m from 52.0m, including 2.1m of 2.8% Li2O 1.5% Li2O over 4.8m from 62.6m, including 0.8m of 2.3% Li2O The release of lithium results from JL25-005B (see Table 1) comes amid a strengthening market backdrop with lithium carbonate prices seeing a strong rally, increasing to over $20,000 USD per ton since the beginning of January, its highest level in two years.1 Jason Barnard, President and CEO of Foremost Clean Energy, commented: “These lithium results are an exciting step forward for Foremost and further demonstrate the potential of the Jean Lake Project. Intersecting 1.64% Li₂O over 5 metres confirms we are working within a fertile spodumene-bearing system and reinforces our confidence in the data-driven exploration strategy we’ve applied across the project. Recent independent research, such as Morgan Stanley’s December 2025 report, underscores a constructive outlook for core energy transition metals. The report highlights strong uranium price momentum driven by a structural supply deficit—with long-term price accretion as we head into our upcoming 2026 drill season.” Barnard continues: “Our upcoming drill program at our anchor, the Hatchet Lake Uranium Property, is designed to follow up on our new discovery from last season. The urgency to discover and define new uranium resources has never been greater. A structural supply deficit and the pressing need for procurement for utilities to secure long-term supply have created a market where sustained exploration is not just an opportunity but is viewed as imperative for energy security. This directly aligns with our exploration strategy, which focuses on high-impact discoveries in the world’s premier uranium district, the Athabasca Basin. By actively exploring in this proven jurisdiction, we are executing o...

VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”), is pleased to announce the voting results from its annual general meeting of shareholders (the “Meeting”) held on December 16, 2025. All matters submitted to shareholders for approval at the Meeting were approved in accordance with management’s recommendations, including: (a) fixing the number of directors of the Company at six (6) and electing the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are duly elected or appointed: Jason Barnard, Douglas L. Mason, Andrew Lyons, David Cates, Amanda Willett, and Peter Espig; (b) appointing Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and authorizing the Board to fix the remuneration to be paid to the auditor; and (c) approving the Company’s amended and restated stock incentive plan. Additional information regarding each of the items approved at the Meeting is set out in the Company’s management information circular dated October 31, 2025 (the “Materials”) A report of voting results along with the Materials can be found filed on the Company’s SEDAR+ profile at www.sedarplus.ca, Edgar profile at www.SEC.com and website at https://foremostcleanenergy.com/investors/shareholder-meeting.html. 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 from Denison Mines Corp. (“Denison”) to earn up to 70% interest in 10 prospective uranium properties (except for the Hatchet Lake, where Foremost can earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. 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. Foremost’s uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. The Company’s mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs. Foremost...

Drilling Confirms and Expands High-Grade Gold Mineralization VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce that it has the receipt of assay results for the first two drillholes, JL25-001 and JL25-002 from its 2025 drill program currently underway at its 100%-owned Jean Lake Gold–Lithium Property (“Jean Lake”) located near the historic mining centre of Snow Lake in Manitoba. Both holes, JL25-001 and JL25-002, successfully intersected multiple gold-bearing zones along the Valkyrie Trend (see figure 1). These results have confirmed a larger mineralized system than previously defined, notably extending the known boundaries of the gold-bearing structure. Highlights include: JL25-002: 10.7 g/t Au over 5.6 m from 100.5 m, including 82 g/t Au over 0.7 m JL25-001: 12.7 g/t Au over 2.07 m from 118.18 m, including 40 g/t Au over 0.6 m JL25-002: 5.0 g/t/Au over 2.2 m from 113 m including 21 g/t Au over .5m The assay results from the initial two drillholes, JL25-001 and JL25-002, have successfully defined a mineralized footprint that extends beyond the area of the previous discovered initial drill hole JL23-008 (7.50 g/t Au over 7.66m, including 102.0 g/t Au over 0.48 metres, as previously reported (See News Release June 6, 2023)). Jason Barnard, Foremost’s President and CEO, commented: “We are extremely encouraged that the first two holes of our 2025 program have exceeded our expectations and further demonstrate the exceptional potential of our Jean Lake Project. The presence of multiple high-grade intercepts, highlighted by an exceptional 82 grams per tonne result, strongly validates the high-grade nature of the mineralizing system. With the gold prices recently testing historic highs over US $4,000 per ounce, the timing of this high-grade discovery is optimal for Foremost. At a time of record gold prices, we are advancing a high-grade gold discovery at Jean Lake. Amid a bullish gold market, Foremost's high-grade discovery at Jean Lake represents a potential powerful growth catalyst and a truly exciting time for our company. Our drill program is ongoing, and we are eagerly anticipating the remaining results from this season's campaign, which includes further drilling on these gold targets as well as our first systematic testing of the property's s...

Highlights Include: Elevated linear radon trends including a one-kilometer-long anomaly trending northeast Second anomaly detected in the northeast portion of the grid, both of which remain open along strike Survey results reinforce the property’s exploration potential VANCOUVER, British Columbia, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce the results of its recently completed radon survey, at the Wolverine Uranium Property (“Wolverine”), located in the world-renowned Athabasca Basin region of northern Saskatchewan, approximately 15 kilometers southeast of the Cigar Lake Mine site (see Figure 1). The radon survey, previously announced on June 25, 2025, was conducted by RadonEx Ltd. consisting of both radon flux monitoring over land and a small radon-in-water component to test adjacent wetlands. A total of 893 data points were collected over the survey grid. The survey grid was designed to cover two potential faults which may explain the notable unconformity offset1 observed on the property (see Figure 2). Jason Barnard, President and CEO states "These survey results provide strong evidence that the interpreted structures at Wolverine are associated with elevated radon anomalies which may suggest the presence of subsurface uranium. This strengthens our confidence that the property has the right geological setting to host high-grade unconformity-style uranium mineralization. With these results in hand, our technical team will now integrate the radon data with historical geophysical and drill information to refine high-priority drill targets for future testing. We look forward to advancing Wolverine, which looks like another highly promising project to the ten-project portfolio we have optioned from Denison Mines. We are eager to advance our understanding of this site and systematically unlock any significant mineral potential.” Radon Survey Results and Structural Interpretation Radon surveying is geochemical approach which leverages the relationship between radon gas emissions and the presence of subsurface uranium. As uranium decays, it produces radon gas as one of its daughter products. Because radon is a gas, it can migrate toward the surface, particularly along faults and fractures, where it can be detected and measured. Results from the radon flux monitoring i...