Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 53

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 53
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Property Claims Table

  Project                 Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Wolverine Property      S-110496                       3,631.69      9/12/2035                  $90,792.31      DENISON MINES CORP  
  Wolverine Property      S-113390                         527.69      12/11/2025                 $13,192.18      DENISON MINES CORP  
  Wolverine Property      S-113391                         876.19      12/11/2025                 $21,904.69      DENISON MINES CORP  

TOTAL NUMBER OF CLAIMS = 3 | TOTAL AREA = 12,444 acres (5,036 hectares)

The permitting process for the Wolverine 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”.

Exploration Permits

Infrastructure

The Wolverine Property is well-positioned within the Athabasca Basin. Access to the property is facilitated by provincial highways and a network of winter roads, allowing for the efficient transportation of personnel, equipment, and supplies during exploration activities. These access routes are critical, especially in remote areas, enabling logistical support and operational mobility. Air access is also a key advantage, with the property reachable via charter flights using fixed-wing aircraft or helicopters from nearby locations such as Points North Landing. This capability enhances the speed and efficiency of transporting exploration crews to the site.

Moreover, the proximity of the Wolverine Property to established uranium mining operations, including the Cigar Lake Mine, enhances its logistical benefits. The nearby processing facilities signify the availability of utilities essential for supporting exploration camps and drilling activities. Additionally, the Athabasca Basin is home to a network of services related to the mining industry, including logistical providers, equipment rentals, and accommodation facilities, which streamline operational processes.

Developmental Activities

Future developmental activities for the Wolverine Property include the implementation of a geochemical survey scheduled to take place in summer 2025. This survey will aim to identify zones of uranium enrichment or pathfinder elements associated with prospective conductive trends, which could facilitate