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Foremost Clear Vitality Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Firm”), is happy to announce its plans for a $9 million exploration program in 2026 (the “2026 Exploration Program”), primarily centered on advancing its Athabasca Basin uranium tasks. The Firm maintains a portfolio of 10 optioned and extremely potential uranium tasks protecting 130,000 hectares330,000 acres within the Athabasca Basin from Denison Mines Corp. (“Denison“) (TSX: DML, NYSE: DNN). A number of of the tasks profit from intensive geophysical and geochemical datasets and former drilling. By integrating Denison‘s historic knowledge and geological interpretations with exploration that Foremost has carried out over the previous 12 months, the Firm has recognized a number of high-priority exploration areas that kind the idea of the 2026 Exploration Program.
Latest exploration updates at Hatchet Lake (October 29, 2025; December 4, 2025) and Turkey Lake (December 1, 2025) have superior a number of targets and supplied the muse for deliberate 2026 winter and summer season drilling. Along with its uranium-focused exploration, Foremost additionally plans to advance its Jean Lake Gold Mission (“Jean Lake“), positioned in Manitoba, by incorporating latest drill outcomes, re-sampling of historic core, and outcomes from pending assays (see information launch dated December 8, 2025) to finalize further drill targets.
2026 Exploration Program Highlights
- ~$9.0 million 2026 Exploration Program, to primarily deal with advancing Foremost’s Athabasca Basin uranium portfolio throughout a number of permitted, drill-ready tasks.
- Winter 2026 ~5,000 m drilling deliberate at Hatchet Lake to observe up a brand new uranium discovery from the 2025 drill program TF-25-16: 6.2 m of 0.10% U₃O₈, together with 0.87% U₃O₈ over 0.45 m (see information launch dated October 29, 2025).
- Gravity survey outcomes pending at Hatchet Lake (see information launch dated December 4, 2025), anticipated to refine drill concentrating on alongside the southern Richardson Pattern the place historic drilling is proscribed.
- Turkey Lake drilling deliberate for summer season 2026 (2,000–2,500 m) following interpretation of gravity survey outcomes (see information launch dated December 1, 2025), concentrating on shallow structural corridors alongside the Basin margin the place historic drilling returned uranium intercepts together with 0.16% U₃O₈ over 0.6 m (TUR-41) and 0.12% U₃O₈ over 0.5 m (TL-10-13).2
- Jean Lake (Manitoba): 2026 drilling deliberate (~4,000 m) following completion of the 2025 drill program (15 holes, 2,266 m) with assays pending for 11 holes, plus ongoing re-sampling of high-priority 2023 core (see information launch dated December 8, 2025).
Jason Barnard, President and CEO of Foremost, commented: “Our core focus stays uranium and the broader Athabasca portfolio, the place we see essentially the most scalable worth and the clearest line of sight to significant discoveries. This technique is about deploying capital the place the information is strongest and the place we are able to generate outcomes effectively. Hatchet Lake is our anchor for 2026, supported by a brand new uranium discovery, intensive geophysical datasets, gravity outcomes coming in, and historic alteration alongside the Richardson Pattern. Turkey Lake supplies a extremely environment friendly alternative to check shallow, under-explored structural corridors alongside the Basin margin as soon as gravity interpretation is full.
Jean Lake enhances this technique as a low-cost, high-impact asset with demonstrated high-grade gold. We’re properly funded and happy with the progress we have made advancing our portfolio. By constructing on intensive historic foundations and the technical work accomplished over the previous 12 months, we’re coming into 2026 with a centered exploration program that we imagine can ship significant outcomes for shareholders.”
Athabasca Basin Uranium Program (Saskatchewan)
Hatchet Lake Uranium Property
The Firm just lately accomplished a 2,400-metre diamond drill program, highlighted by a brand new uranium discovery at gap TF-25-16, which returned 6.2 metres of 0.10% U₃O₈, together with 0.87% U₃O₈ over 0.45 metres (see information launch dated October 29, 2025). This discovery, mixed with intensive geophysical datasets and historic alteration, helps a considerably expanded follow-up program.
Foremost is presently awaiting outcomes from the ground-based gravity survey that’s underway at Hatchet Lake North (see information launch dated December 4, 2025). The survey is targeted on the southern extent of the Richardson Pattern, a well-established basement structural hall internet hosting brittle-ductile, graphitic shear zones that function beneficial pathways for uranium-bearing hydrothermal fluids. Historic drilling alongside the pattern by Denison confirmed uranium mineralization, together with:
- 1.52% U₃O₈ over 0.15 metres in gap RL-13-1313
- 0.45% U₃O₈ over 2.3 metres in gap RL-13-1613
As a part of the 2026 Program, Foremost plans ~5,000 metres of mixed drilling at Hatchet Lake South and Hatchet Lake North (see determine 1). This system will goal the Tuning Fork space and observe up on shallow, under-explored parts of the Richardson Pattern knowledgeable by built-in gravity, electromagnetic, magnetic, and geological interpretation. Drilling is anticipated to start in winter 2026.
Determine 1. Foremost’s Uranium Properties Regional Context Map
Turkey Lake Uranium Property
On the Turkey Lake Uranium Mission, (see determine 1) Foremost is advancing targets following the receipt of a three-year exploration allow and the completion of a ground-based gravity survey (see information launch dated December 1, 2025).
The Firm is presently awaiting gravity survey outcomes, that are anticipated to refine structural interpretations and prioritize drill targets forward of a deliberate summer season 2026 diamond drill program. Turkey Lake hosts shallow unconformity depths (typically lower than 50 metres) and a conductive hall with greater than 10 kilometres of under-tested strike size alongside the japanese margin of the Athabasca Basin.
Historic exploration by Cameco and Denison recognized unconformity-associated uranium mineralization at Turkey Lake, together with:
- 0.16% U₃O₈ over 0.6 metres in gap TUR-41 at a vertical depth of roughly 20 metres4
- 0.12% U₃O₈ over 0.5 metres in gap TL-10-135
The deliberate 2026 drill program is predicted to comprise 2,000–2,500 metres of diamond drilling, concentrating on each unconformity-related and basement-hosted uranium mineralization alongside under-tested parts of the conductive hall and is anticipated to start in summer season 2026.
GR and Blackwing
The Firm just lately obtained outcomes from a district-scale MobileMTTM survey over its GR and Blackwing properties (see information launch dated July 7, 2025). The corporate is presently working to interpret the outcomes and intends to conduct floor based mostly geophysical surveys on each properties in 2026 to supply drill-ready targets.
Jean Lake Gold Lithium Mission (Manitoba)
At Jean Lake, Foremost just lately accomplished its 2025 diamond drill program consisting of 15 drill holes totaling 2,266 metres and initiated a strategic re-sampling program of historic drill core (see information launch dated December 8, 2025).
Assay outcomes from the preliminary 4 drill holes have outlined a near-surface mineralized footprint extending past the unique discovery space, together with 12.7 g/t Au over 2.1 metres (together with 40.0 g/t Au over 0.6 metres) in gap JL25-001 and 10.7 g/t Au over 5.6 metres (together with 82.0 g/t Au over 0.7 metres) in gap JL25-002 (see determine 2). Assay outcomes for the remaining 11 drill holes are pending.
Determine 2. Jean Lake 2025 DDH Compilation Map
The Firm is presently re-sampling high-priority drill core from the 2023 drilling marketing campaign adjoining to recognized high-grade intercepts alongside the Valkyrie Pattern, together with 102 g/t Au over 0.5 metres inside 7.50 g/t Au over 7.66 metres in gap FM23-08 (see information launch dated June 6, 2023). Outcomes from this work can be built-in with all historic and up to date knowledge to replace the geological mannequin and information a deliberate 2026 drill program of roughly 4,000 metres.
The 2026 exploration program is designed to advance a number of tasks throughout Foremost’s Athabasca Basin uranium portfolio by a disciplined, technically pushed method. As outcomes from latest gravity surveys and different datasets are obtained and built-in, Foremost will refine drill targets and finalize program designs forward of deliberate drilling. The Firm expects to offer further updates as this work progresses and as exploration actions start.
Certified Particular person
The technical content material of this information launch has been reviewed and authorized by Cameron MacKay, P. Geo., Vice President of Exploration for Foremost Clear Vitality Ltd., and a Certified Particular person beneath Nationwide Instrument 43-101.
A professional particular person has not carried out adequate work or knowledge verification to validate the historic leads to accordance with Nationwide Instrument 43-101. Though the historic outcomes will not be dependable, the Firm nonetheless believes that they supply a sign of the property’s potential and are related for any future exploration program.
About Foremost
Foremost Clear Vitality Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a quickly rising North American uranium and lithium exploration firm. The Firm holds an choice from Denison Mines Corp. (“Denison“) to earn as much as 70% curiosity in 10 potential uranium properties (aside from the Hatchet Lake, the place Foremost can earn as much as 51%), spanning over 330,000 acres within the prolific, uranium-rich Athabasca Basin area of northern Saskatchewan. Because the demand for carbon-free vitality continues to speed up, domestically mined uranium and lithium are poised for dynamic progress, taking part in an vital function in the way forward for clear vitality. Foremost’s uranium tasks are at completely different levels of exploration, from grassroots to these with vital historic exploration and drill-ready targets. The Firm’s mission is to make vital discoveries alongside and in collaboration with Denison by systematic and disciplined exploration packages.
Foremost additionally has a portfolio of lithium tasks at various levels of growth, that are positioned throughout 55,000+ acres in Manitoba and Quebec. For additional data, please go to the Firm’s web site at www.foremostcleanenergy.com.
Contact and Info
Firm
Jason Barnard, President and CEO
+1 (604) 330-8067
information@foremostcleanenergy.com
Comply with us or contact us on social media:
X: @fmstcleanenergy
LinkedIn: https://www.linkedin.com/firm/foremostcleanenergy
Fb: https://www.fb.com/ForemostCleanEnergy
Ahead-Wanting Statements
Apart from the statements of historic truth contained herein, the knowledge offered on this information launch and oral statements made sometimes by representatives of the Firm are or might represent “forward-looking statements” as such time period is utilized in relevant United States and Canadian legal guidelines and together with, with out limitation, inside the which means of the Non-public Securities Litigation Reform Act of 1995, for which the Firm claims the safety of the secure harbor for forward-looking statements. These statements relate to analyses and different data which can be based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration. Every other statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (usually, however not all the time, utilizing phrases or phrases corresponding to “expects” or “doesn’t anticipate,” “is predicted,” “anticipates” or “doesn’t anticipate,” “plans,” “estimates” or “intends,” or stating that sure actions, occasions or outcomes “might,” “might,” “would,” “would possibly” or “will” be taken, happen or be achieved) should not statements of historic truth and needs to be considered as forward-looking statements. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different components embody, amongst others, the supply of capital to fund packages and the ensuing dilution attributable to the elevating of capital by the sale of shares, continuity of agreements with third events and satisfaction of the situations to the choice settlement with Denison, dangers and uncertainties related to the atmosphere, delays in acquiring governmental approvals, permits or financing. Though the Firm has tried to determine vital components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Though the Firm believes that the expectations mirrored in such forward-looking statements are based mostly upon affordable assumptions, it can provide no assurance that its expectations can be achieved. Ahead-looking data is topic to sure dangers, tendencies and uncertainties that would trigger precise outcomes to vary materially from these projected. Many of those components are past the Firm’s potential to manage or predict. Vital components which will trigger precise outcomes to vary materially and that would affect the Firm and the statements contained on this information launch might be discovered within the Firm’s filings with the Securities and Trade Fee. The Firm assumes no obligation to replace or complement any forward-looking statements whether or not because of new data, future occasions or in any other case. Accordingly, readers mustn’t place undue reliance on forward-looking statements contained on this information launch and in any doc referred to on this information launch. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities. and data. Please seek advice from the Firm’s most up-to-date filings beneath its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for additional data respecting the dangers affecting the Firm and its enterprise.
The CSE has neither authorized nor disapproved the contents of this information launch and accepts no duty for the adequacy or accuracy hereof.
1 Saskatchewan Mineral Evaluation File 64L05-0037
2 Saskatchewan Mineral Evaluation File 64L12-0077
3 Saskatchewan Mineral Evaluation File MAW00308
4 Saskatchewan Mineral Evaluation File 64L05-0037
5 Saskatchewan Mineral Evaluation File 64L12-0077
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