Foremost Clean Energy Announces 5,000-Metre Follow-Up Drill Program at Hatchet Lake Uranium Project

Executive Summary

• Foremost Clean Energy Ltd. announces a 5,000‑metre diamond drill program at the Hatchet Lake Uranium Project slated to start mid‑February 2026.
• The program will focus on step‑out and infill drilling of the TF‑25‑16 discovery in the Tuning Fork target area and test additional high‑priority targets (Beta Grid, Richardson SE) identified through historic data re‑interpretation and new geophysical work.
• Successful 2025 winter drilling intersected 0.87% U₃O₈ over 0.45 m (broader 6.2 m @ 0.10% U₃O₈), indicating a fertile uranium system and justifying the expanded 2026 program.

Key Details

• Program Length: ~5,000 metres of diamond drilling.
• Start Date: Anticipated mid‑February 2026.
• Primary Target – Tuning Fork (TF‑25‑16):
• Step‑out and infill holes to test continuity along strike and down‑dip.
• Original discovery intersected 0.87% U₃O₈ over 0.45 m within a 6.2 m interval averaging 0.10% U₃O₈ at the Athabasca unconformity.
• Secondary Targets:
• Beta Grid (Hatchet Lake South): Test structurally controlled fault zone with offset unconformity depths (HT‑125 vs HT‑126).
• Tuning Fork West: New ~1.2 km electromagnetic conductor coincident with a lithological boundary, identified via VTEM re‑processing.
• Tuning Fork East: Follow‑up on TF‑25‑13 (2.5 m @ 0.03% U₃O₈) and associated alteration trends.
• Richardson SE (Hatchet Lake North): >5 km of untested electromagnetic conductor; recent ground gravity survey being integrated for target refinement.
• Geophysical Support: Modern re‑processing of historic magnetic, VTEM, and EM data; conductor modelling to improve depth/orientation estimates.
• Strategic Rationale:
• Builds on 2025 discovery that demonstrated a fertile uranium system in the world‑class Athabasca Basin.
• Uranium price environment favorable (≈US$100 lb⁻¹).
• Leverages Denison Mines’ historic drilling and geophysical framework, with Foremost holding an option to earn up to 51% interest in Hatchet Lake.
• Qualified Person: Cameron MacKay, P.Geo., Vice President of Exploration (NI 43‑101).

Notable Quotes

“This upcoming 5,000‑metre drill program represents a significant next step at Hatchet Lake… with multiple drill‑ready targets now defined, we believe the timing is ideal to execute a focused winter program, particularly with uranium prices recently reaching the US$100‑per‑pound level.” – Jason Barnard, President & CEO

All boilerplate, forward‑looking statements and company background have been omitted for brevity.