Research analysts covering Foremost Clean Energy.
Recent press releases and 8-K filings for FMST.
Foremost Clean Energy Reports Positive Lithium Drill Results
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. announced positive lithium assay results from its 2025 drill program at the Jean Lake Gold–Lithium Project in Manitoba.
- Drill hole JL25-005B intersected 1.6% Li2O over 5.0 meters from 52.0m and 1.5% Li2O over 4.8 meters from 62.6m.
- The company noted a strengthening market backdrop, with lithium carbonate prices increasing to over $20,000 USD per ton since January, reaching a two-year high.
- Foremost plans an upcoming drill program at its Hatchet Lake Uranium Property to follow up on a new discovery and advance its uranium portfolio.
Jan 14, 2026, 10:00 PM
Foremost Clean Energy Reports Positive Lithium Drill Results at Jean Lake Property
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. announced positive lithium assay results from its 2025 drill program at the Jean Lake Gold–Lithium Project, with drill hole JL25-005B intersecting 1.6% Li2O over 5.0 m from 52.0m and 1.5% Li2O over 4.8m from 62.6m.
- These lithium results, combined with structurally controlled gold mineralization, reinforce the Jean Lake Property as a multi-commodity exploration play.
- The company plans to integrate the 2025 drill results and historic re-sampling data into an updated geological and structural model to guide future exploration at Jean Lake.
- Foremost Clean Energy is also preparing for an upcoming drill program at its Hatchet Lake Uranium Property, following a new discovery from the previous season, aligning with a constructive outlook for core energy transition metals.
Jan 14, 2026, 1:30 PM
Foremost Clean Energy Ltd. Reports Transformative 2025 and Outlines 2026 Plans
FMST
New Projects/Investments
M&A
Board Change
- Foremost Clean Energy Ltd. reported a transformative 2025, with its share price increasing over 100% year over year and a fortified balance sheet.
- The company significantly strengthened its financial position, securing approximately $5.65 million in fresh capital from warrant and option exercises, reducing debt by almost 40%, and more than doubling assets.
- Strategic achievements included the spin-out of non-core Winston Gold and Silver assets to Rio Grande Resources Ltd. and continued strategic alignment with Denison Mines, which invested an additional $1,067,000 to maintain its interest.
- Exploration highlights for 2025 included completing over 7,300 meters of drilling, discovering a new uranium zone at Hatchet Lake with results up to 0.87% U3O8 over 0.45 metres, and reporting gold intercepts at Jean Lake, highlighted by 10.7 g/t Au over 5.6 m.
- Looking ahead to 2026, the company plans an aggressive winter drill program at Hatchet Lake and an expanded drill campaign at Jean Lake.
Dec 18, 2025, 10:00 PM
Foremost Clean Energy Provides 2025 Corporate Update and 2026 Outlook
FMST
New Projects/Investments
Guidance Update
- Foremost Clean Energy reported a transformative 2025, strengthening its financial position with $5.65 million in capital from warrant and option exercises, reducing debt by almost 40%, and more than doubling assets.
- Key strategic achievements in 2025 included the Rio Grande Spin-Out, where Foremost shareholders received 2 Rio Grande Shares for every Foremost share, and continued strategic alignment with Denison Mines, which acquired an additional 485,000 shares for $1,067,000.
- Exploration highlights for 2025 included the discovery of a new uranium zone at Hatchet Lake, with drill hole TF-25-16 returning 0.87% U₃O₈ over 0.45 metres, and multiple gold intercepts at the Jean Lake Project, highlighted by 10.7 g/t Au over 5.6 m.
- For 2026, the company plans an aggressive winter drill program in Q1 at Hatchet Lake, follow-up plans for Murphy Lake, and an expanded drill campaign at Jean Lake.
Dec 18, 2025, 1:30 PM
Foremost Clean Energy Reports High-Grade Gold Results from Jean Lake Drill Program
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. announced assay results from the first two drillholes of its 2025 Jean Lake Drill Program, confirming and expanding high-grade gold mineralization at its 100%-owned Jean Lake Gold–Lithium Property.
- Key results include 10.7 g/t Au over 5.6 m (including 82 g/t Au over 0.7 m) from drillhole JL25-002, and 12.7 g/t Au over 2.07 m (including 40 g/t Au over 0.6 m) from drillhole JL25-001.
- Jason Barnard, President and CEO, stated that these results validate the high-grade nature of the mineralizing system, especially with gold prices recently testing historic highs over US $4,000 per ounce.
- The 2025 drill program is ongoing, with plans for further drilling on gold targets and initial systematic testing of the property's significant lithium potential.
Nov 10, 2025, 10:00 PM
Foremost Clean Energy Reports Significant Increase in Uranium Grade at Hatchet Lake Project
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. reported final geochemical assay results from its 2025 winter drill program at the Hatchet Lake Uranium Property, confirming a significant increase in the grade of uranium mineralization for drill hole TF-25-16.
- The assays returned a highlight of 0.87% U3O8 over 0.45 metres from 149.75 metres, a substantial increase from the previously estimated 0.22% over 0.9 metres.
- The results also indicate a 6.2-metre zone of total mineralization with a grade of 0.10% U3O8 from 144.0 to 150.2 metres.
- The company is developing exploration plans for a 2026 winter drill program to follow up on these results, with a ground gravity survey planned for winter 2025-2026.
Oct 29, 2025, 9:00 PM
Foremost Clean Energy Advances Dual Drilling Campaigns
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. is actively engaged in dual drilling campaigns at its Murphy Lake South Uranium Property in Saskatchewan and its Jean Lake Gold-Lithium Property in Manitoba.
- The Murphy Lake South Uranium program consists of an 8-hole, 2,500-meter diamond drill program in the Athabasca Basin, targeting unconformity-style uranium mineralization.
- Concurrently, a 20-hole, 2,500-meter diamond drill program has commenced at the Jean Lake Gold-Lithium Property, focused on expanding known high-grade zones and defining the broader mineralized system.
- CEO Jason Barnard stated that these parallel programs leverage the gold market's momentum to strengthen the company's uranium initiatives, providing catalysts from multiple fronts while maintaining its core commitment to uranium exploration.
Sep 25, 2025, 9:00 PM
Foremost Clean Energy to Issue Shares to Denison Mines Corp.
FMST
New Projects/Investments
- Foremost Clean Energy Ltd. will issue 485,000 common shares to Denison Mines Corp. at $2.20 per share, raising an aggregate of $1,067,000 through a private placement.
- This issuance stems from Denison exercising its equity participation right under an Amended & Restated Investor Rights Agreement.
- Following the private placement, Denison Mines Corp. will own approximately 19.17% of Foremost's common shares outstanding.
- The proceeds will be used to strengthen Foremost's treasury and advance exploration for its Athabasca Basin uranium portfolio.
Sep 3, 2025, 9:05 PM
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