Foremost Clean Energy Receives 3-Year Exploration Permit and Announces Gravity Survey at Turkey Lake Uranium Project, Athabasca Basin, Saskatchewan

Executive Summary

• Saskatchewan Ministry of Environment granted a three‑year exploration permit for the Turkey Lake Uranium Project, authorizing up to 75 drill holes and related activities through Dec 31 2028.
• A ground‑based gravity survey (≈1,312 stations) will commence in December 2025 to refine targeting ahead of a planned 2026 drilling campaign.
• Historic work on the property identified unconformity‑associated uranium intercepts (e.g., 0.16% U₃O₈ over 0.6 m in hole TUR‑4).

Key Details

• Permit scope: up to 75 drill holes, line cutting, trail use and other exploration activities on the 9,363‑acre Turkey Lake property.
• Survey design: 1,312 gravity stations at 100‑m intervals on 200‑m line spacing across a NE‑trending conductive corridor beyond the Athabasca Basin margin.
• Objective of survey: identify gravity lows linked to hydrothermal alteration and map fault‑controlled fluid pathways for drill target selection.
• Historic uranium intercepts:
• 0.16% U₃O₈ over 0.6 m in hole TUR‑4 (≈20 m depth).
• 0.12% U₃O₈ over 0.5 m in hole TL‑10‑13.
• Property context: shallow unconformity depths (<50 m), >10 km of under‑tested conductor strike length, ~23 km north of McClean Lake Mill and ~25 km north of Eagle Point Mine.
• Planned 2026 drill program: will test both unconformity and basement‑hosted uranium targets based on integrated gravity, EM, magnetic and geochemical data.
• Qualified Person: Cameron MacKay, P.Geo., VP Exploration, reviewed technical content under NI 43‑101.

Notable Quotes

“We are very pleased to receive a three‑year exploration permit for Turkey Lake… Historic work by industry leaders like Cameco and Denison has already confirmed unconformity‑associated uranium… The gravity survey will refine our understanding of the structural framework as we prepare for a targeted drill program in 2026.” – Jason Barnard, President & CEO

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