FAQ: Foremost Clean Energy's Hatchet Lake Uranium Project Exploration Permit

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

Foremost Clean Energy Ltd. has secured a three-year exploration permit from the Saskatchewan Ministry of Environment for its Hatchet Lake Uranium Project, authorizing up to 50 drill holes through December 2028.

Where is the Hatchet Lake Uranium Project located?

The Hatchet Lake Uranium Project is located in the Athabasca Basin region of northern Saskatchewan, which is known as a prolific, uranium-rich area.

What specific drilling activities are planned?

A 3,000-metre Phase 2 drill program is planned for winter 2025-2026 to follow up on the Tuning Fork discovery and test additional high-priority targets advanced through historic Denison Mines work.

Why is this exploration permit significant for Foremost Clean Energy?

The permit allows the company to advance its uranium exploration in the Athabasca Basin, supporting its mission to make significant discoveries and capitalize on growing global demand for carbon-free energy through domestically mined uranium.

What percentage interest can Foremost earn in the Hatchet Lake property?

Foremost is able to earn up to a 51% interest in the Hatchet Lake property, while it can earn up to 70% interest in its other 10 prospective uranium properties in the Athabasca Basin.

How does Foremost Clean Energy describe its business focus?

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

What other mineral projects does Foremost Clean Energy have?

In addition to uranium projects, Foremost has a portfolio of lithium projects at varying stages of development located across 55,000+ acres in Manitoba and Quebec.

When does the exploration permit expire?

The exploration permit is valid through December 2028, providing three years of authorized exploration activity for the Hatchet Lake Uranium Project.

Where can investors find more information about Foremost Clean Energy?

The latest news and updates relating to FMST are available in the company’s newsroom at http://ibn.fm/FMST

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