Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 41

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 41
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234 acres (10,212 hectares)

Permitting and Licensing

The permitting process for the Hatchet Lake Property involves compliance with the Saskatchewan Ministry of Energy and Resources, as well as adherence to environmental regulations and industry standards. To obtain a drill permit approved with the Mining Branch in Saskatchewan, applicants should begin by thoroughly researching relevant legislation and regulations, including the Mineral Resource Act, and assessing the proposed drilling site for any environmental concerns. The next step involves preparing and submitting a comprehensive application to the Ministry of Energy and Resources’ Mining Branch, detailing project objectives, proposed drilling locations, and any planned environmental management strategies. It is essential to identify Indigenous communities that may be affected by the proposed activities and engage with them early in the process to provide information about the project and gather their input, following any consultation requirements set by the government.

Once the application is submitted, an environmental assessment may be required to evaluate the potential impacts of drilling on the surrounding environment, depending on the project’s scale and location. The Mining Branch will then review the application, consulting with other governmental agencies and stakeholders to ensure that it meets regulatory standards and adequately addresses environmental and community concerns. If the application satisfies all requirements, a drill permit will be issued, outlining specific conditions that must be followed during drilling activities, including environmental safeguards. Following permit issuance, the applicant must ensure compliance with all stipulations and conditions throughout the drilling process, continuing to engage with Indigenous communities and uphold environmental protections.

Exploration Permits

  Company                    License/Permit             Issuing Authority                            Issuance Date      Permit Expiry  
  Foremost Clean Energy      ENV File: 24-14-M0434      Saskatchewan Environmental Lands Branch      02/01/2025         12/31/2025     
  Company                    License/Permit             Issuing Authority                            Issuance Date      Permit Expiry  
  Foremost Clean Energy      ENV File: 24-14-M0434      Saskatchewan Environmental Lands Branch      02/01/2025         12/31/2025     
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

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Developmental Activities

On April 04, 2025, we announced the commencement of a ~2,000 metre drill program at the Hatchet Lake Property designed to test 4-6 high-priority target locations along the Tuning Fork and along the Richardson conductive trends. This fully funded and permitted program aims to assess the continuity of known uranium mineralization while exploring under-tested