Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 49

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 49
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 eastern margin of the Athabasca Basin, enhancing its operational efficiency for exploration activities. Access to the property is facilitated by a network of winter roads leading from the McClean Lake Operation site, which allows for the transportation of personnel, equipment, and supplies during the colder months. Additionally, air access is available, enabling quick mobilization via charter flights using fixed-wing aircraft or helicopters from nearby communities such as Points North Landing.

Located approximately 23 kilometers north of the McClean Lake Mill and 25 kilometers north of the Eagle Point Mine, the property’s proximity to these significant processing facilities further supports logistics for future operations. This nearby infrastructure is critical, as it not only enhances the accessibility of the site but also provides necessary utilities and facilities that could be utilized for exploration and potential development of uranium resources within the Turkey Lake Property. Overall, the available infrastructure positions the Turkey Lake Property as a strategically advantageous site for exploration and future potential mining operations.

Developmental Activities

Development activities on the Turkey Lake Property focus on planning for drilling programs that will further test previously identified mineralization zones. Expectations are set to utilize historical data and modern exploration techniques to refine target locations for future resource evaluation.

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Torwalt Lake

Figure 9. The Torwalt Uranium Property(Background: VTEM TauBF Map)

The Torwalt Lake Property comprises one mineral claim covering 2,007 acres (812 hectares) and is located five kilometers east of Points North Landing in the eastern portion of the Athabasca Basin. The property is situated between significant uranium deposits, including the Midwest (Orano-Denison), Tamarack (Cameco-Orano), and McClean Lake (Orano-Denison) uranium deposits. Provincial Highway 905 passes through the southwestern tip of the property, and drill roads extend through the western half of the claim. The property is centered on E 561,751 m and N 6,460,482 m (NAD83 UTM Zone 13N).

Geology

The geology of the Torwalt Lake Property consists of Athabasca Group sandstones that unconformably overlie highly deformed and metamorphosed rocks of the western Wollaston Domain. The structural setting is favorable for uranium mineralization, indicated by the proximity to significant deposits in the region.

Exploration Activities

The exploration history includes various surveys completed by Cameco in the early 1990s, including IP-Resistivity and EM surveys that defined multiple conductors across the property. The most significant drilling to