Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 54

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 54
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 the identification of attractive targets for future drill testing. By capitalizing on historical exploration data and new findings from upcoming surveys, we intend to enhance the potential for resource discovery at the Wolverine Property and advance its exploration strategy within the Athabasca Basin.

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Epp Lake Property

Figure 12. Epp Lake Property

The Epp Lake Property comprises two mineral claims covering 2,137 acres (865 hectares), located approximately 20 kilometers northwest of the McArthur River Mine in the eastern Athabasca Basin. Access to the property is available by aircraft or via winter roads leading from the McArthur River haul road. The property is centered on E 479,127 m and N 6,412,542 m (NAD83 UTM Zone 13N).

Geology

The property is underlain by Athabasca Group sandstones, which unconformably overlie highly deformed and metamorphosed rocks of the Mudjatik Domain. The geological setting indicates potential for uranium mineralization, supported by the presence of conductive features and alteration zones identified in previous surveys. The geologic framework of Epp Lake is dominated by Athabasca Group sandstones, which unconformably overlie highly deformed and metamorphosed basement rocks belonging to the Mudjatik Domain of the Hearne Province.

The depth to the unconformity varies across the property, with conditions ranging from less than 100 meters on the eastern side to more than 130 meters on the western side. This geological configuration provides potential for hosting significant uranium mineralization.

Exploration Activities

Exploration in the Epp Lake area began in 1985 through efforts by Uranerz Exploration and Mining, followed by a joint venture with Cameco. Historical work has included lake sediment and boulder sampling, drilling, and various geophysical surveys (EM, magnetic, and gravity). Notable drill results include previous intersections of weak uranium mineralization and structural features indicative of mineral potential. Notably, EM surveys have defined multiple conductive features trending through the eastern portion of the property, indicating areas of interest for future exploration.

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Property Claims Table

  Project       Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Epp Lake      S-107655                         493.00      1/31/2026                     $12,325      DENISON MINES CORP.