Welcome to our dedicated page for Foremost Clean Energy news (Ticker: FMST), a resource for investors and traders seeking the latest updates and insights on Foremost Clean Energy stock.
Foremost Clean Energy (FMST) provides comprehensive news coverage for its uranium and lithium exploration activities across North America. This dedicated resource aggregates official press releases and verified updates about project developments, strategic partnerships, and operational milestones.
Investors and industry observers will find timely information on grassroots exploration initiatives, drill-ready targets, and technical advancements in mineral discovery. The curated collection includes updates about Manitoba lithium prospects, Quebec uranium projects, and corporate developments shaping FMST's position in clean energy resources.
All content undergoes strict verification to ensure accuracy and relevance to stakeholders. Regular updates cover essential aspects including geochemical survey results, land acquisition announcements, and exploration methodology enhancements. Bookmark this page for direct access to primary source information about FMST's evolving portfolio and market activities.
Foremost Clean Energy (NASDAQ: FMST) reported final assays from its 2025 winter drill program at the Hatchet Lake uranium property (Athabasca Basin). Drill hole TF-25-16 returned 0.87% U3O8 over 0.45 m within a broader 6.2 m composite at 0.10% U3O8, upgrading previously reported radiometric estimates. Additional holes (TF-25-17/18/20) show widespread hydrothermal alteration; RL-25-32 returned minor uranium intervals (0.3 m at 0.02% and 0.2 m at 0.05% U3O8).
Next steps include VTEM modelling, a ground gravity survey planned for winter 2025–2026, and development of a 2026 winter drill program to follow up the discovery.
Foremost Clean Energy (NASDAQ: FMST) announced on October 27, 2025 the appointment of Peter Espig to its Board of Directors effective immediately and the appointment of Harpreet Bajaj as corporate secretary.
Mr. Espig brings experience guiding resource companies from development to production, including 12 years as Nicola Mining CEO during which that company’s market capitalization grew over thirty-fold. The company also granted 15,618 restricted share units (RSUs) under its Stock Incentive Plan; RSUs vest subject to plan terms and carry a statutory hold period of four months and one day.
Foremost Clean Energy (NASDAQ: FMST) will present at Red Cloud's Fall Mining Showcase 2025 in Toronto on November 4–5, 2025 at the Sheraton Centre Toronto Hotel.
President & CEO Jason Barnard will hold one-on-one investor meetings during the three-day event. Shareholders and interested parties can view the agenda and register at https://redcloudfs.com/fallminingshowcase2025/.
Foremost Clean Energy (NASDAQ: FMST) has secured a significant three-year exploration permit from Saskatchewan's Ministry of Environment for its Hatchet Lake Uranium Project. The permit, valid until December 28, 2028, allows for up to 50 drill holes.
The company plans a 3,000-metre winter drill program for 2025-2026, focusing on expanding the Tuning Fork discovery, which previously yielded 0.10% eU3O8 over 6.5m, including 0.22% eU3O8 over 0.9m. The program will also test high-priority targets on the Richardson Trend and the Beta Grid, where historic drilling indicated a 35m unconformity offset.
This expansion comes amid projections of 700 GW of SMR capacity by 2050 and increasing uranium demand driven by nuclear energy needs and digital economy growth, as highlighted by the recent $100 billion OpenAI-NVIDIA deal.
Foremost Clean Energy (NASDAQ: FMST) has launched concurrent drilling campaigns at two distinct properties: the Murphy Lake South Uranium Project in Saskatchewan's Athabasca Basin and the Jean Lake Gold-Lithium Project in Snow Lake, Manitoba.
At Murphy Lake, an 8-hole 2,500m diamond drill program is targeting uranium mineralization, utilizing advanced ambient noise tomography (ANT) for precise targeting. The project is strategically located near IsoEnergy's Hurricane Deposit, which holds 48.6Mlbs U3O8 at 34.5% U3O8 indicated resources.
The Jean Lake program involves a 20-hole, 2,500-metre drill campaign following successful previous phases that yielded notable results, including 7.50 g/t Au over 7.66m and 1.26% Li₂O over 3.35m. The property spans 2,476 acres near Snow Lake's historic mining center.
Foremost Clean Energy (NASDAQ: FMST) has announced two significant marketing partnerships to enhance its investor awareness initiatives. The company has engaged Interactive Offers LLC for comprehensive digital marketing services at $200,000 USD per month for an initial 3-month term starting September 21, 2025.
Additionally, Foremost has partnered with Connect 4 Marketing Ltd. for targeted SEM advertising strategies at $20,000 USD per month for a 3-month period beginning September 23, 2025. Both agreements will continue month-to-month after the initial term until terminated by either party.
Foremost Clean Energy (NASDAQ: FMST) has announced a strategic 2,500-metre diamond drill program at its 100% owned Jean Lake Gold-Lithium Property in Snow Lake, Manitoba. The program, comprising up to 20 holes, aims to capitalize on record gold prices of $3,680 USD per ounce and will run concurrently with ongoing uranium drilling at Murphy Lake South Property.
The company's previous drilling campaign in 2022-2023 yielded significant results, including 7.50 g/t Au over 7.66 metres (including 102.0 g/t Au over 0.48 metres) and 1.26% Li₂O over 3.35 metres. The new program, scheduled to commence in September 2025, focuses on expanding known high-grade gold and lithium mineralization identified in previous campaigns.
Denison Mines (NYSE American: DNN) has increased its investment in Foremost Clean Energy by acquiring an additional 485,000 common shares at $2.20 per share, for a total of $1,067,000. Following this transaction, Denison's ownership in Foremost has increased from 16% to 19% of outstanding shares, now holding 2,462,410 shares and 607,600 warrants (17% of outstanding warrants).
The investment aligns with Denison's rights under its Investor Rights Agreement with Foremost. Denison, celebrating its 70th year in uranium operations, maintains significant interests in various uranium projects, including a 95% stake in the Wheeler River Uranium Project, the largest undeveloped uranium project in Saskatchewan's Athabasca Basin region.
[ "Increased ownership stake in Foremost Clean Energy from 16% to 19%", "Strategic investment in additional uranium exploration properties through Foremost's portfolio", "Denison's Wheeler River Project advancing with completed feasibility study and nearing environmental approval", "Mining operations commenced at McClean North deposit in July 2025" ]Foremost Clean Energy (NASDAQ: FMST) announced a private placement with Denison Mines Corp. following their Amended & Restated Investor Rights Agreement. Denison will acquire 485,000 common shares at $2.20 per share, totaling $1,067,000 in consideration.
The share issuance relates to warrant exercises and property payments, including the final payment for the Jean Lake Lithium/Gold Property. Following the placement, Denison will own approximately 19.17% of Foremost's outstanding shares. The proceeds will fund exploration of Foremost's 330,000-acre Athabasca Basin uranium portfolio and general corporate purposes.
Foremost Clean Energy (NASDAQ: FMST) has launched an 8-hole, 2,500m diamond drill program at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin. The Phase 1 program follows a successful ambient noise tomography (ANT) survey that generated a 3D velocity model to optimize drill targeting.
The first drill hole will target the up-dip projection of hole MP17-19, which previously yielded 7.5 metres of 234 ppm U1. Historical drilling results include intersections of 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters. The 17,676-acre property is located approximately 30km northwest of the McClean Lake mill and adjacent to the LaRocque Lake Conductive Corridor.
A Phase 2 follow-up program is anticipated for the 2025/2026 winter drill season to expand upon initial exploration results.
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