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Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.
Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) announced its intention to spin-out the Company’s gold and silver Winston Group of Properties into a newly incorporated wholly-owned subsidiary named Rio Grande Resources Ltd (RGR). The Spin-Out will be affected by way of a plan of arrangement (the Arrangement). The Company’s Winston Group of Properties contains three historic past-producing gold and silver mines: Ivanhoe, Emporia, and Little Granite located in Sierra County, New Mexico, USA.
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