Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 44

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 44
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-03. This campaign confirmed the continuity of the hydrothermal sandstone alteration system over an impressive 850-meter strike length. It also revealed weak uranium mineralization in three of the drilled holes (MP-16-08, MP-16-11, and MP-16-17), with drill hole MP-16-08 intersecting uranium mineralization linked with a parallel graphitic fault zone, reporting grades of 0.183% U3O8. Continuing into 2017, nine holes totaling 3,433 meters were drilled, aimed at further exploring potential strike extensions of mineralization identified in previous programs. Drill hole MP- 17-19 highlighted significantly altered sandstone with elevated radioactivity, returning uranium values ranging from 126 to 1,320 ppm U over a 6-meter interval.

Property Claims Table

  Project                Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Murphy Lake South      S-107542                         888.00      1/16/2031                  $22,200.04      DENISON MINES CORP  
  Murphy Lake South      S-107704                       1,402.00      1/29/2030                  $35,045.34      DENISON MINES CORP  
  Murphy Lake South      S-113370                       1,061.81      1/26/2032                  $26,545.23      DENISON MINES CORP  
  Murphy Lake South      S-113371                         780.19      1/26/2032                  $19,504.77      DENISON MINES CORP  
  Murphy Lake South      S-113373                       2,432.16      3/8/2032                   $60,803.87      DENISON MINES CORP  
  Murphy Lake South      S-113374                         589.38      3/9/2034                   $14,734.51      DENISON MINES CORP  

TOTAL NUMBER OF CLAIMS = 6 | TOTAL AREA = 17,676 acres (7,153 hectares)

Permitting and Licensing

The permitting process for the Murphy Lake South Property involves compliance with regulations set by the Saskatchewan Ministry of Energy and Resources. This includes adhering to environmental regulations and industry standards while preparing and submitting a comprehensive application that outlines