Foremost Clean Energy Launches Gravity Survey at Hatchet Lake Uranium Property to Guide 2026 Drilling

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has announced the commencement of a ground-based gravity survey at its Hatchet Lake Uranium Property, located in the eastern Athabasca Basin of northern Saskatchewan. The survey, scheduled to begin in December, will be conducted by MWH Geo Survey and is designed to focus on the southern extent of the Richardson Trend. The primary objectives include refining subsurface geological interpretations, mapping density contrasts in the rock formations, and identifying potential zones of hydrothermal alteration that are often associated with uranium-bearing structures.

The results from this gravity survey are expected to play a crucial role in guiding the company's planned winter 2026 drill program. By providing detailed subsurface data, the survey aims to enhance the precision of target selection for drilling, potentially increasing the efficiency and success rate of exploration efforts. This systematic approach aligns with Foremost Clean Energy's strategy of disciplined exploration as it seeks to advance its uranium projects in one of the world's most prolific uranium regions.

Foremost Clean Energy holds an option to earn up to a 51% interest in the Hatchet Lake property, which is part of a broader portfolio of 10 uranium properties spanning over 330,000 acres in the Athabasca Basin. The company describes itself as a rapidly growing North American uranium and lithium exploration company, with its uranium projects at various stages of exploration from grassroots to drill-ready targets. The Athabasca Basin is renowned for hosting high-grade uranium deposits, making it a focal point for companies aiming to supply materials for nuclear energy, which is increasingly viewed as a critical component of clean energy transitions.

The launch of this survey comes at a time when demand for domestically mined uranium is expected to grow, driven by global efforts to reduce carbon emissions and shift toward carbon-free energy sources. Nuclear power, which relies on uranium as fuel, is gaining renewed attention as a stable, low-carbon energy option. Successful exploration and development in regions like the Athabasca Basin could contribute to securing North American uranium supply chains, reducing dependence on imports, and supporting energy security and sustainability goals.

For investors and industry observers, the gravity survey represents a tangible step in Foremost Clean Energy's exploration timeline, offering near-term data that could influence future resource estimates and project valuations. The company's collaboration with Denison Mines Corp., as noted in its mission to make discoveries alongside Denison, underscores the strategic partnerships common in uranium exploration to share expertise and risks. Additional information about Foremost Clean Energy is available in the company's newsroom at http://ibn.fm/FMST.

Beyond uranium, Foremost Clean Energy also maintains a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, positioning the company to participate in the growing markets for battery metals essential to electric vehicles and renewable energy storage. However, the current focus at Hatchet Lake highlights the immediate priorities in uranium exploration, where advanced geophysical methods like gravity surveys are standard practice for de-risking exploration before committing to costly drilling campaigns. The outcomes of this survey will be closely watched as indicators of the property's potential and the company's progress toward its 2026 drilling objectives.