Foremost Clean Energy Reports Higher Uranium Grades at Hatchet Lake Property

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has announced 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 significant grade increase for drill hole TF-25-16, which now returns 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, suggesting proximity to a larger mineralizing system. This development is particularly significant given the company's position as a rapidly growing North American uranium and lithium exploration company with substantial holdings in the uranium-rich Athabasca Basin region.

Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties, spanning over 330,000 acres in the prolific Athabasca Basin, with the exception of Hatchet Lake where Foremost can earn up to 51%. The company's uranium projects range from grassroots exploration to those with significant historical exploration and drill-ready targets, positioning it strategically in the evolving clean energy landscape.

The timing of these results coincides with accelerating demand for carbon-free energy, where domestically mined uranium and lithium are poised for dynamic growth. As nations worldwide seek to reduce carbon emissions and transition to cleaner energy sources, reliable domestic sources of uranium become increasingly critical for nuclear power generation. The enhanced grades at Hatchet Lake could signal broader mineralization potential across Foremost's extensive property portfolio.

Foremost's mission involves making significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs. The company also maintains a portfolio of lithium projects across 55,000+ acres in Manitoba and Quebec, further diversifying its exposure to clean energy minerals. Additional information about the company is available in their newsroom at http://ibn.fm/FMST.

The implications of these assay results extend beyond the immediate project area, potentially influencing investor confidence in junior mining companies operating in the Athabasca Basin. Higher grade discoveries can significantly impact project economics and development timelines, making such findings crucial for companies seeking to advance exploration projects toward production. The confirmation of enhanced uranium grades comes at a time when global uranium markets are experiencing renewed interest driven by nuclear energy's role in climate change mitigation strategies.

For stakeholders in the clean energy sector, these developments represent continued progress in identifying and validating North American uranium resources that could support long-term energy security and decarbonization goals. The full press release detailing these results can be viewed at https://ibn.fm/pp579.