Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 57

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 57
---
. Additionally, further geochemical sampling will be undertaken to identify pathfinder elements associated with potential uranium mineralization, helping to characterize significant geochemical signatures for future drilling. By integrating data from historical exploration, recent surveys, and drilling results, Foremost aims to refine exploration models. This comprehensive exploration strategy positions us to advance the exploration and development of uranium resources at the GR Property, reinforcing its growth and strategic objectives within the Athabasca Basin.

45

Blackwing Property

Figure 14. Blackwing Property

The Blackwing Property comprises two mineral claims covering 25,753 acres (10,422 hectares), situated in the northwestern portion of the Athabasca Basin, Saskatchewan. The property is centered on coordinates E 231,855 m and N 6,547,848 m (NAD83 UTM Zone 13N) and was staked in November 2023, reflecting a strategic commitment to exploration in this resource-rich area. Its location near established uranium deposits emphasizes its potential for future exploration and mineral development.

Geology

The geological structure of the Blackwing Property is situated along significant regional structures, primarily the Black Bay Fault and the Grease River Shear Zone. These structures are known to host multiple uranium occurrences and Beaverlodge-style deposits in the Uranium City area, indicating favorable conditions for uranium mineralization. The property is characterized by a great depth of Athabasca Group sandstones, underlain by complex basement geology that includes variably deformed and metamorphosed rocks. The proximity of the Blackwing Property to these critical geological features positions it as a promising target for uranium exploration. Notably, previous geophysical surveys have indicated conductive anomalies in the area that could correlate with mineralization, further supporting the potential for discovery.

Exploration Activities

There is no known exploration right on the Blackwing property but historical exploration activities within the vicinity of the Blackwing Property include extensive geological mapping, geochemical sampling, and geophysical surveys conducted by various entities made for a compelling target. In 1978, initial exploration activities identified anomalous materials, specifically boulders exhibiting pitchblende, near the property, suggesting the presence of uranium mineralization. Subsequent airborne geophysical surveys conducted in 2008 by Pitchstone provided necessary data to inform future exploratory efforts. The results indicated areas of interest correlating with known conductive features encouraging further exploration.

46

Property Claims Table

  Project                 Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder              
 �