Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 58

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 4
Chunk 58
---
�─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Blackwing Property      MC00017710                     4,816.61      1/4/2026                   $72,249.08      DENISON MINES CORP  
  Blackwing Property      MC00017712                     2,584.39      1/4/2026                   $38,765.82      DENISON MINES CORP  
  Blackwing Property      MC00017715                     5,226.34      1/4/2026                   $78,395.12      DENISON MINES CORP  

TOTAL NUMBER OF CLAIMS = 3 | TOTAL AREA = 25,753 acres (12,627.33hectares)

Permitting and Licensing

The permitting process for the Blackwing 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 Blackwing Property is situated in a favorable location within the northwestern portion of the Athabasca Basin. Access to the property is facilitated by a network of regional roads, including well-maintained winter access routes that allow for the transportation of personnel, equipment, and supplies during the colder months, providing reliable logistical support for exploration activities. Additionally, air access is available, enabling rapid mobilization through charter flights using fixed-wing aircraft or helicopters from nearby communities, such as Points North Landing. The property’s proximity to established uranium processing facilities, including the McClean Lake Mill, further increases operational efficiency, allowing any potential uranium mineralization to be transported with ease. The infrastructure in the region also suggests the availability of essential utilities, such as electrical services, necessary for operating drilling equipment and supporting exploration camps. Established communication networks enable effective operational coordination and data management, while the presence of nearby mining operations allows the Blackwing Property to benefit from available support services, including logistics, equipment rental, catering, and accommodations for exploration teams.

Developmental Activities

Current developmental activities focus on the planned airborne EM and magnetic surveys set for summer 2025. These surveys will aim to identify and refine potential targets for future exploration based on the conductive trends observed during preliminary investigations. Following the surveys, a comprehensive drilling program will