FAQ: Foremost Clean Energy's Murphy Lake South Uranium Drill Program Launch

What is the main announcement from Foremost Clean Energy Ltd.?

Foremost Clean Energy has mobilized crews for an eight-hole, 2,500-meter diamond drill program at its Murphy Lake South Uranium Property in Saskatchewan’s Athabasca Basin.

Where is the drill program taking place?

The drill program is located at the Murphy Lake South Uranium Property in Saskatchewan’s Athabasca Basin region of northern Canada.

How many drill holes and what total meterage is planned for Phase 1?

The Phase 1 program consists of eight diamond drill holes totaling 2,500 meters of drilling.

What technology was used to optimize drill targeting?

The company completed an ambient noise tomography survey in July 2024 that produced a 3D velocity model to optimize drill targeting for this program.

Why is this drill program significant according to the company?

CEO Jason Barnard stated the campaign will test high-priority targets in a world-class uranium district amid tightening global uranium supply, positioning the company to benefit from growing demand for carbon-free energy.

What are the future plans beyond the current drill program?

A Phase 2 winter program is anticipated for 2025-26 to follow up on the initial results from the current Phase 1 drilling.

What is Foremost Clean Energy’s business focus?

Foremost Clean Energy is a rapidly growing North American uranium and lithium exploration company focused on making significant discoveries through systematic exploration programs in collaboration with Denison Mines Corp.

How can investors get more information about FMST?

The latest news and updates relating to FMST are available in the company’s newsroom at http://ibn.fm/FMST, and the full press release can be viewed at https://ibn.fm/cUmxv.