Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 50

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 50
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 date occurred in 2016, where drill hole TWL-16-02 intersected faulted graphitic lithologies, indicating potential for uranium mineralization.

Property Claims Table

  Project           Disposition Number      Size (Hectares)      Expiry Date      Yearly Holding Costs      Holder                         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Torwalt Lake      S-107372                         812.00      7/31/2028                  $20,313.18      DENISON MINES CORP.: 100.000%  

TOTAL NUMBER OF CLAIMS =1 | TOTAL AREA = 2,007 acres (812 hectares)

Permitting and Licensing

The permitting process for the Torwalt 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 well-positioned in relation to existing infrastructure, with Provincial Highway 905 running through its southwestern tip, facilitating access for transportation and logistics. Drill roads that extend through the property enable efficient movement of equipment and personnel, enhancing exploration activities.

Developmental Activities

Current developmental activities focus on the planning of future drilling programs aimed at testing the mineralized potential of the Torwalt Lake Property, leveraging historical exploration data to inform targeted drilling strategies.

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Marten Uranium Property

Figure 10. Marten Uranium Property ( Background: Airborne Magnetics (TDR RT)

The Marten Property comprises two mineral claims totaling 12,375 acres (5,008 hectares), located on the eastern edge of the Athabasca Basin along the Umpherville trend, approximately 30 kilometers southeast of the Cigar Lake Mine. The property is centered on coordinates E 547,215 m and N 6,412,403 m (NAD83 UTM Zone 13N), strategically positioned to leverage proximity to notable uranium resources within the region.

Geology

The geology of the Marten Property is characterized by Athabasca Group sandstones, which vary in thickness, with depths of less than 100 meters on the eastern side and exceeding 130 meters on the western side. The basement rocks belong to the Wollaston Domain, which is known for its