Foremost Clean Energy Announces $9.0 Million 2026 Exploration Program

Executive Summary

• Foremost Clean Energy Ltd. announced a $9 million 2026 exploration program focused on its Athabasca Basin uranium portfolio and the Jean Lake gold project.
• The plan includes ~5,000 m of winter drilling at Hatchet Lake (targeting a recent discovery of 6.2 m @ 0.10% U₃O₈, including 0.87% U₃O₈ over 0.45 m) and 2,000‑2,500 m of summer drilling at Turkey Lake (historic intercepts up to 0.16% U₃O₈).
• Approximately 4,000 m of drilling is slated for the Jean Lake gold project after completing a 2025 program (15 holes, 2,266 m) with high‑grade Au results already disclosed.

Key Details

• Program Funding: $9.0 million allocated for 2026 exploration activities.
• Hatchet Lake (Uranium)
• Winter 2026: ~5,000 m of drilling planned across Hatchet Lake South and North.
• Recent discovery (TF‑25‑16): 6.2 m @ 0.10% U₃O₈, including 0.87% U₃O₈ over 0.45 m.
• Historic drill results: 1.52% U₃O₈ over 0.15 m (RL‑13‑1313) and 0.45% U₃O₈ over 2.3 m (RL‑13‑1613).
• Gravity survey data pending; will refine targets along the southern Richardson Trend.
• Turkey Lake (Uranium)
• Summer 2026: 2,000–2,500 m of diamond drilling planned.
• Historic intercepts: 0.16% U₃O₈ over 0.6 m (TUR‑41) and 0.12% U₃O₈ over 0.5 m (TL‑10‑13).
• Ground‑based gravity survey results awaited to prioritize drill targets.
• Jean Lake (Gold)
• 2025 program completed: 15 holes, 2,266 m; assays pending for 11 holes.
• Published assay highlights: 12.7 g/t Au over 2.1 m (incl. 40.0 g/t Au over 0.6 m) and 10.7 g/t Au over 5.6 m (incl. 82.0 g/t Au over 0.7 m).
• Re‑sampling of high‑grade 2023 core ongoing (e.g., 102 g/t Au over 0.5 m within 7.50 g/t Au over 7.66 m).
• Planned 2026 drilling: ~4,000 m to test expanded targets after assay finalization.
• Additional Projects
• GR and Blackwing properties: MobileMTTM survey completed (July 7 2025); ground‑based geophysical work planned for 2026 to generate drill‑ready targets.
• Qualified Person: Cameron MacKay, P.Geo., Vice President of Exploration, reviewed technical content.

Notable Quotes

“Our core focus remains uranium and the broader Athabasca portfolio… Hatchet Lake is our anchor for 2026… Turkey Lake provides a highly efficient opportunity… Jean Lake complements this strategy as a low‑cost, high‑impact asset with demonstrated high‑grade gold.” – Jason Barnard, President & CEO

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