Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 56

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 56
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 GR Property      MC00017709                     2,857.68      1/4/2026                   $42,865.20      DENISON MINES CORP   
  GR Property      MC00017711                     5,986.84      1/4/2026                   $89,802.58      DENISON MINES CORP   
  GR Property      MC00017713                     3,963.54      1/4/2026                   $59,802.58      DENISON MINES CORP   
  GR Property      MC00017714                       852.86      1/4/2026                   $12,792.90      DENISON MINES CORP   

TOTAL NUMBER OF CLAIMS = 16 | TOTAL AREA = 19,487 acres (78,585 hectare)

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Permitting and Licensing

The permitting process for the GR Property will adhere to the requirements of the Saskatchewan Ministry of Energy and Resources. This includes conducting environmental assessments and obtaining the necessary exploration permits prior to commencing drilling activities. Engaging with Indigenous communities and meeting consultation requirements will also be integral to successfully obtaining these permits. “ Project Overview - The Athabasca Uranium Properties - The Hatchet Lake Property - Permitting”.

Infrastructure

The GR Property is located in a well-established mining region within the Athabasca Basin. Access to the property is facilitated by an existing network of regional roads, including winter roads that allow for transportation during the colder months, which are essential for the logistical movement of personnel, equipment, and supplies. Additionally, air transportation options enable efficient mobilization through charter flights using fixed-wing aircraft or helicopters, allowing crews to reach the site quickly. Proximity to processing facilities, particularly the nearby McClean Lake mill, provides further advantages, enhancing operational efficiency and potentially reducing transportation costs for any extracted materials. The availability of utilities such as electricity is also crucial, as it supports the operation of drilling equipment and maintenance of exploration camps, while the presence of local mining operations ensures access to vital support services, including logistics, equipment rental, catering, and accommodation.

Developmental Activities

The development plans for the GR Property include conducting airborne electromagnetic (EM) and magnetic surveys in summer 2025. These surveys aim to define conductive trends and identify drill targets, assisting in the understanding of the subsurface geology and enhancing target selection for subsequent drilling programs. Following the airborne surveys, a diamond drilling program is anticipated, focusing on testing identified anomalies and expanding upon known mineralized zones