Foremost Clean Energy Announces Signing of Exploration Agreement with Kiciwapa Cree Nation, Manitoba

Executive Summary

• Foremost Clean Energy Ltd. signed a formal Exploration Agreement with the Kiciwapa Cree Nation (KCN) to conduct mineral exploration within KCN’s Traditional and Ancestral Territory in Manitoba.
• The agreement establishes a framework for transparent communication, environmental stewardship, cultural monitoring, and economic participation for KCN, including employment, training, contract opportunities, and financial contributions to an Economic Development Fund.
• Both parties emphasized the partnership’s focus on mutual respect, community engagement, and long‑term collaboration in responsible resource development.

Key Details

• Agreement Date & Location: Signed February 24 2026 during a ceremony in Flin Flon, Manitoba.
• Parties Involved: Foremost Clean Energy Ltd. (NASDAQ: FMST; CSE: FAT) and Kiciwapa Cree Nation (“KCN”).
• Scope of Exploration: Responsible mineral exploration activities on KCN’s Traditional and Ancestral Territory in Manitoba.
• Framework Elements:
• Advance notice of on‑the‑ground exploration activities.
• Regular engagement and information sharing between Foremost and KCN.
• Opportunities for KCN to conduct environmental and cultural monitoring during certain activities.
• Engagement of Elders and community representatives where appropriate.
• Economic Participation Provisions:
• Employment, training, and contract opportunities for KCN members and businesses.
• Financial commitments from Foremost to support community consultation, capacity‑building initiatives, and annual contributions to the KCN Economic Development Fund (specific amounts not disclosed).
• Environmental & Cultural Stewardship: Measures intended to protect cultural sites and natural resources, with joint monitoring and reporting mechanisms.
• Leadership Comments:
• Jason Barnard, President & CEO of Foremost, highlighted trust, transparency, and mutual respect as foundations of the partnership.
• Janessa Kosar North, CEO of KCN, praised the agreement’s emphasis on early engagement, environmental stewardship, and shared economic benefits.

Notable Quotes

• “We are proud to formalize this Exploration Agreement with Kiciwapa Cree Nation… our objective has been to build a relationship rooted in trust, transparency, and mutual respect.” – Jason Barnard, President & CEO, Foremost Clean Energy
• “This Agreement reflects the kind of partnership we believe responsible development should be built on—grounded in transparency, early engagement, and mutual respect.” – Janessa Kosar North, CEO, Kiciwapa Cree Nation