Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 51

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 51
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 structural complexity and potential for hosting uranium mineralization. The geological setting within the Umpherville trend suggests that the property could be situated in a prospective location for discovering additional uranium deposits, especially in light of the known mineralization trends in the surrounding areas.

Exploration Activities

Exploration at the Marten Property has a history of drilling and geological assessment with significant efforts dating back to the 1960s. Notably, a diamond drilling program was undertaken in 2010, which included six drill holes totaling 987 meters. This exploration aimed to evaluate the property’s geology and assess any offsets in unconformity elevation. Drill hole results indicated hydrothermal alteration within the sandstone, confirming the presence of structural features significant for uranium exploration.

Subsequent investigations have included various airborne surveys and resistivity tests to fall within the inferred unconformity contact. Historical drilling results showed potential mineralization, indicating the property remains prospective for identifying uranium deposits.

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Property Claims Table

  Project              Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Marten Property      S-110497                        2768.00      9/12/2033                  $69,194.55      DENISON MINES CORP  
  Marten Property      S-112161                       2,240.00      7/26/2030                  $50,980.65      DENISON MINES CORP  

TOTAL NUMBER OF CLAIMS = 2 | TOTAL AREA = 12,375 acres (5,008 hectares)

Permitting and Licensing

The permitting process for the Marten 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 property is on the eastern edge of the basin making it accessible via provincial highways, which facilitate transportation of personnel, equipment, and supplies, ensuring efficient logistical operations. Well-maintained roads allow for year-round access, while winter roads provide additional logistical support during the colder months, making it easier to transport necessary materials to and from the site.

In addition to ground access, air transport options are available, allowing for swift mobil