is a company focused on advancing sustainable energy solutions and technologies. It specializes in the development, production, and distribution of innovative clean energy products aimed at reducing carbon footprints and promoting environmental sustainability. By leveraging cutting-edge technologies, the company seeks to provide efficient energy alternatives that cater to various sectors, including residential, commercial, and industrial applications. Foremost Clean Energy Ltd. is committed to driving the transition towards a greener future through its comprehensive portfolio of renewable energy solutions.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) announced that its shareholders have overwhelmingly approved a plan of arrangement to spin out the Winston gold and silver properties in New Mexico into a new entity, Rio Grande Resources Ltd. Shareholders will receive two Rio Grande shares for each Foremost share, and both entities will operate as separate public companies upon closing, expected around January 10, 2025, pending court and regulatory approvals. Foremost will continue focusing on uranium and lithium exploration, while Rio Grande will develop the Winston Property. Additionally, Amanda Willett, an experienced mining sector legal expert, was elected to the board, further strengthening Foremost’s governance team.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) issued a shareholder letter from CEO Jason Barnard, highlighting key achievements in 2024 and future goals. The company secured a strategic option agreement with Denison Mines for 10 uranium properties in the Athabasca Basin, advanced exploration at its Zoro Lithium and Hatchet Lake Uranium properties, and raised over C$13.5 million in equity financing. Foremost plans to invest $6.5 million in exploration in 2025 and spin out its Winston Gold/Silver Project into Rio Grande Resources Ltd. to enhance shareholder value. Denison Mines’ partnership and insider investments underscore confidence in Foremost’s growth strategy in uranium and lithium exploration.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) has distributed materials for its Dec. 20, 2024, shareholder meeting, where a vote will take place on a plan of arrangement to spin out its Winston Group of Gold and Silver Properties to Rio Grande Resources Ltd. Due to a national postal strike in Canada, meeting materials were couriered to registered shareholders and select non-registered shareholders holding 10,000 or more shares, while others can request digital copies or vote online. Shareholders will exchange their Foremost shares for one new Foremost share and two Rio Grande shares, with Foremost retaining a 19.95% stake in Rio Grande. Completion of the spin-out depends on listing Rio Grande shares on a stock exchange and other conditions. Meeting materials are available online via SEDAR+ and the company’s website.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) has clarified that Red Cloud Financial Services Inc. began its engagement on Nov. 14, 2024, not October 14 as previously stated. The company also reiterated details of its planned spin-out of the Winston Gold and Silver Properties to Rio Grande Ltd., under which shareholders will receive one new Foremost share and two Rio Grande shares for each Foremost share held. The spin-out is expected to finalize in January 2025, pending required approvals. Foremost also filed an updated NI 43-101 Technical Report for the Winston Project in New Mexico, detailing new exploration findings. CEO Jason Barnard emphasized the spin-out’s potential to enhance shareholder value and accelerate property development in a strong precious metals market.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) has entered into a strategic agreement with Red Cloud Financial Services to enhance its marketing and investor relations efforts. Under the $10,000/month engagement, Red Cloud will support Foremost with non-deal roadshows, content creation, media support, and connections with analysts and investors, leveraging its expertise in the mining and uranium sector. CEO Jason Barnard highlighted the initiative’s potential to introduce Foremost’s Athabasca Uranium Projects to new audiences amid growing interest in nuclear energy for decarbonization. Foremost also granted 175,009 stock options and 222,491 restricted share units to directors, officers, and consultants as part of its stock incentive plan to align with long-term company goals.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT) has reported promising initial results from its recently completed 889-meter, four-hole diamond drill program at the Hatchet Lake Uranium Property in northern Saskatchewan’s Athabasca Basin. The drill program, managed by Denison Mines Corp., revealed elevated radioactivity and structural disruptions, providing compelling targets for follow-up exploration. These early findings highlight the property’s potential for uranium and polymetallic deposits, positioning Foremost to advance its uranium exploration efforts in collaboration with Denison.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT), formerly Foremost Lithium Resource & Technology Ltd., is an emerging North American energy exploration company focused on supporting the clean energy transition. Foremost holds an option to acquire an interest in 10 prospective uranium properties, covering over 330,000 acres in the uranium-rich Athabasca Basin of Saskatchewan.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT), an emerging North American uranium and lithium exploration company, announced Monday morning that it has officially closed the first phase of its transaction with Denison Mines Corp. (TSX: DML) (NYSE American: DNN) . The company has acquired 20% of Denison’s interest in 10 uranium exploration properties in the Athabasca Basin in Northern Saskatchewan, covering more than 330,000 acres. In addition to other considerations, Denison was issued an aggregate of 1,369,810 common shares of Foremost, becoming the Foremost’s largest shareholder at 19.95%. Denison today announced the filing of an early warning report, under National Instrument 62-103, regarding this holding in Foremost.
Foremost Clean Energy (NASDAQFMST) (CSE: FAT), an emerging North American uranium and lithium exploration company, today announced that its Annual General and Special Meeting of shareholders will be held on December 9, 2024, at 11 a.m. (Vancouver time). At the meeting, shareholders of record on November 6, 2024, will vote on, among other things, the proposed spin-out of the Winston Group of Gold and Silver Properties pursuant to a statutory plan of arrangement outlined in the Business Corporations Act (British Columbia). The announcement noted that under the arrangement, the properties will be transferred to a newly incorporated company, Rio Grande Resources Ltd., with Foremost shareholders as of the date of the meeting exchanging one outstanding common share of Foremost for one new Foremost common share and two common shares of Rio Grande.
Foremost Lithium (NASDAQFMST) (CSE: FAT), a North American hard-rock lithium exploration company, has entered a property acquisition agreement with Denison Mines Corp. According to the agreement, Denison has granted Foremost an option to acquire up to 70% of Denison’s interest in 10 highly prospective uranium exploration properties, which cover some 330,000 acres in the Athabasca Basin; the agreement also contains other ancillary agreements. In addition, Foremost Lithium announced that it plans to change its name to Foremost Clean Energy Ltd. and that Denison CEO and president David Cates will join the company’s board of directors.
Foremost Lithium (NASDAQFMST) (CSE: FAT), a North American hard-rock lithium exploration company, will be attending the upcoming H.C. Wainwright 26th Annual Global Investment Conference, which will be held Sept. 9–11, 2024, in New York City. According to the announcement, Foremost Lithium president and CEO Jason Barnard will be onsite at the conference, hosting one-on-one meetings with investors and members of the media.
Foremost Lithium (NASDAQFMST) (CSE: FAT), a North American hard-rock lithium exploration company, is reporting positive results from the completed 5,826-meter drilling campaign conducted at its Zoro Lithium Property. According to the announcement, the drilling program targeted untested mineralization at depth, southeast of Dyke 1, the company’s maiden inferred resource of 1,074,567 tons at a grade of 0.91% lithium oxide (“Li2O”), with a cut-off of 0.3%.
VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQFMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), is pleased to announce its intention to spin-out (the “Spin-Out”) the Company’s gold and silver Winston Group of Properties (collectively, the “Properties” or the “Winston Property”) into a newly incorporated wholly-owned subsidiary to be named Rio Grande Resources Ltd (“Rio Grande” or “RGR”). It is expected that the Spin-Out will be affected by way of a plan of arrangement (the “Arrangement”). The Company’s Winston Group of Properties – situated over a 3,000-acre drill-ready site – contains three historic past producing gold and silver mines: Ivanhoe, Emporia and Little Granite located in Sierra County, New Mexico, USA.
Top stories: Barrick Gold expands in Peru, Foremost advances lithium project, Nexa Resources concludes tender offer, Ivanhoe hires VP for health and safety.
Advancements in Ivanhoe Electric's proprietary software for interpreting Typhoon data, President Biden's opposition to Nippon Steel's acquisition of U.S. Steel, and Hycroft Mining's high-grade silver discoveries and exploration advancements highlighted in their full-year 2023 results.
