Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 46

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 46
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 is characterized by its location within Tantato domain of the Hearne Province. The Snowbird Tectonic Zone, which is significant for its structural features that may facilitate uranium mineralization. Historical drilling has revealed the presence of pitchblende, a primary uranium ore, within the basement rock, confirming the region’s potential for hosting significant mineralization at depth. The shallow depth to the unconformity, combined with largely untested basement potential, further enhances the likelihood of discovering new resources beneath the surface.

Exploration Activities

The exploration history of the CLK Property includes two significant historical drilling campaigns in 1997 and 2000. Notable drill results from this period are:

  CLG-D1: Intersected 8,600 ppm U at a depth of 862 meters, hosted in pitchblende stringers just below the unconformity.  

  CLG-D5: Encountered 510 ppm U at approximately 900 meters depth, immediately above the unconformity.  

In 2025, we engaged Expert Geophysics Surveys Inc. to conduct a 771 line-kilometer MobileMT™ airborne geophysical survey to enhance understanding of conductive trends that are prospective for uranium mineralization, particularly at depths where earlier drilling focused. This survey will provide high-resolution subsurface mapping that modern technologies afford, allowing for the identification of deep basement conductors and structural extensions associated with previously encountered mineralization.

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Property Claims Table

  Project           Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder                    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  CLK Property      MC00017870                     5,681.37      2/12/2026                  $85,220.59      DENISON MINES CORP: 100%  
  CLK Property      MC00017872                     4,740.41      2/12/2026                  $71,106.07      DENISON MINES CORP: 100%  

TOTAL NUMBER OF CLAIMS = 2 | TOTAL AREA = 25,753 acres (10,422 hectares)

Permitting and Licensing

The permitting process for the CLK 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.