Foremost Clean Energy Confirms Higher Uranium Grades at Hatchet Lake Property

Foremost Clean Energy Ltd. has released final geochemical assay results from its 2025 winter drill program at the Hatchet Lake Uranium Property in Saskatchewan's eastern Athabasca Basin. The results confirm and enhance previously reported radiometric data, showing a substantial grade increase for drill hole TF-25-16. The updated analysis now shows 0.87% U₃O₈ over 0.45 meters from 149.75 meters, compared to an earlier estimate of 0.22% over 0.9 meters.

The assays indicate 6.2 meters of total mineralization grading 0.10% U₃O₈ within a Graphitic Shear Zone and associated alteration features. This geological context suggests proximity to a larger mineralizing system, which could have significant implications for the property's overall uranium potential. The Athabasca Basin region of northern Saskatchewan is known globally for its high-grade uranium deposits, making these results particularly noteworthy for the clean energy sector.

Foremost Clean Energy holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the Athabasca Basin region, with the exception of Hatchet Lake where the company can earn up to 51%. The company's uranium projects are at various stages of exploration, ranging from grassroots initiatives to properties with significant historical exploration and drill-ready targets. The full press release detailing these findings is available at https://ibn.fm/pp579.

As demand for carbon-free energy continues to grow, domestically mined uranium is positioned for dynamic growth, playing an important role in the future of clean energy. The company's mission involves making significant discoveries through systematic and disciplined exploration programs, working in collaboration with Denison Mines. Additional information and updates relating to FMST are available in the company's newsroom at http://ibn.fm/FMST.

The confirmation of higher uranium grades at Hatchet Lake comes at a time when nuclear energy is increasingly recognized as a crucial component of global decarbonization efforts. The improved assay results not only validate the property's potential but also provide important geological data that could guide future exploration efforts in the region. The presence of mineralization within the Graphitic Shear Zone is particularly significant, as similar geological features have hosted major uranium deposits elsewhere in the Athabasca Basin.