Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 47

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 47
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 “ Project Overview - The Athabasca Uranium Properties - The Hatchet Lake Property - Permitting”.

Infrastructure

The CLK Property is located within the Athabasca Basin, an area known for its established mining infrastructure. The property is connected by a network of regional roads and winter access routes that facilitate transportation of personnel, equipment, and supplies. These winter roads are used during colder months for safe travel. Air access is available, allowing the property to be reached via charter flights using fixed-wing aircraft or helicopters from nearby communities, including Points North Landing. This facilitates efficient mobilization of drill crews and materials for exploration activities.

The McClean Lake mill is located approximately 30 kilometers from the CLK Property and serves as a processing facility for uranium ore. The region has access to local electrical infrastructure, providing power supply for exploration camps and drilling operations. Communication networks are established in the area to support operational coordination and data management. The presence of nearby mining operations and established companies provides additional support services, including transportation logistics, equipment rental, catering, and camp services. These infrastructure elements contribute to a conducive environment for exploration and potential future development at the CLK Property

Developmental Activities

Current plans for the CLK Property include both the scheduled MobileMT™ airborne geophysical survey to commence data collection in late April or early May of 2025 and a follow-up diamond drilling program anticipated to encompass approximately 2,000 meters. This phased approach aims to target known mineralization extensions and explore additional geophysical anomalies, enhancing the property’s potential for uranium discovery and resource development.

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Turkey Lake Property Overview

The Turkey Lake Property consists of one mineral claim over 9,363 acres (3,789 hectares) situated on the eastern margin of the Athabasca Basin in Saskatchewan. The property is strategically located, bordering the northern claim boundary of Denison’s Wolly Joint Venture project, which is operated by Orano Canada, approximately 23 kilometers north of the McClean Lake Mill and 25 kilometers north of the Eagle Point Mine. Access to the property is via fixed-wing aircraft from Points North Landing, the Hatchet Lake Lodge winter road (permission required), or through a network of winter roads leading north from the McClean Lake Operation site. The property is centered on E 576,151 m and N 6,490,183 m (NAD83 UTM Zone 13N).

Figure 8. Turkey Lake Uranium Property

The Turkey Lake Property consists of one mineral claim over 9,363 acres (3,789 hectares) situated on the eastern