*Disseminated on behalf of Foremost Clean Energy
Krypton Street Officially Reinitiates Coverage On Foremost Clean Energy Ltd.
(NASDAQ: FMST) Starting Tomorrow Morning—Monday, June 16, 2025
June 15th Dear Reader, There's a company in the clean energy space that most have overlooked—but not for much longer. With exploration projects in one of North America's most uranium-rich regions, this rising player is advancing efforts that could be vital to the world's shift toward carbon-free energy. Their work isn't just timely—it's strategically positioned to meet surging global demand for critical resources like uranium and lithium. And here's where it gets interesting...
This isn't the first time I brought this company to you. In fact, the last time I brought you this profile it opened at $1.06 on May 7th. By June 5th, it had reached an eye-catching $5.74—a move of approximately 441% in just under a month. Now, after a slight pullback, this one has just hit my radar again—and the timing could be crucial. Listen. Before any more time passes, consider pulling up: *Foremost Clean Energy Ltd. (Nasdaq: FMST)*
Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company.
The Company holds an option to earn up to a 70% interest in 10 prospective uranium properties from Denison Mines Corp (NYSE: DNN) spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. With over 20 countries expanding nuclear power as supply pressures build and Trump just announcing 4 executive orders declaring nuclear energy security a top priority, (Nasdaq: FMST) Athabasca Basin projects just became strategic gold mines.
And right now, (Nasdaq: FMST) has several potential catalysts to turn your focus to. Check them out: No. 1 - Could A Low Float Create The Environment For Heightened Volatility (Daily)? No. 2 - Perfect Timing, Perfect Jurisdiction, Perfect Grade. No. 3 - Denison Mines - $1.5Bn Uranium Developer, Isn't Just Backing Them with Financial, Technical, And Operational Support—They Are The Company's Largest Shareholder. No. 4 - (Nasdaq: FMST) Drilling Reveals Promising Uranium Potential And Significant Exploration Success! No. 5 - Multiple Technical Indicators May Be Signaling Very Optimistic Market Sentiment. No. 6 - FMST Beefs Up Leadership Team With Experienced Appointment. No. 7 – FMST Secures 3-Year CLK Exploration Permit Targeting High-Grade Uranium Zones. But more on those in a second…
Who Is Foremost Clean Energy Ltd?
Foremost Clean Energy is a rapidly growing North American uranium exploration company dedicated to advancing the clean energy economy. Their projects consist of 10 prospective uranium properties strategically located within the world-renowned Athabasca Basin, totaling over 330,000 acres. With drill–ready targets on identified conductors on important structural trends and proximal discoveries, their portfolio is well-positioned to capitalize on the growing demand for uranium as a crucial component of a sustainable energy future. Foremost Clean Energy also maintains upside potential through a secondary portfolio of lithium projects with significant past drilling spanning 50,000+ acres primed for long-term development.
Complete Company Overview
- Extensive Uranium Asset Portfolio: It has 10 drill-ready properties (330,000 acres) in proven uranium corridors all near and surrounding mines, mills and infrastructure. It has its Hatchet Lake drill program where it announced a new uranium mineralization discovery. With a fully-funded $6.5Mn 2025 exploration program and multiple drill programs on discovery-ready projects in the pipeline, any small catalyst could re-rate it.
- Proven Mining Jurisdiction and Prolific Uranium Region: Premier assets located in the Athabasca Basin in northern Saskatchewan, Canada, with robust infrastructure and known to host some of the world's richest uranium deposits producing ~15% of world's primary uranium supply known to host uranium grades 10-100 X higher than the global average.
- Nuclear Energy's Strong Macro Tailwinds: Trump's landmark executive orders are expected to create a bullish outlook for uranium. (Nasdaq: FMST) is well-positioned to benefit situated in a stable jurisdiction aligning with U.S. national-security priorities. Tech giants like Microsoft and Amazon investing in nuclear power, surging AI and data center energy needs, and rapid SMR adoption. With new executive orders streamlining regulations and injecting billions in government funding, uranium demand and prices appear poised for parabolic growth. In this high-stakes environment, Foremost's Athabasca Basin assets have become not just geopolitically priceless, but absolutely critical to meeting North America's clean energy ambitions.
- Only Approx. 10.4Mn Outstanding Shares: This is like a tightly coiled spring with high insider ownership ~29.63%. With such a tiny float, any major news or discovery could trigger explosive volatility potential. (Nasdaq: FMST) is a potential powder keg for upside potential when uranium's supply crunch meets its catalysts.
- Denison Partnership: This is a clear strategic advantage providing technical, operational, and financial support as well access to its vast industry networks that it took years to build, (Nasdaq: FMST) gains instant credibility and a multi-year head start over other peers. Denison owns almost approx. 20% of the outstanding shares and provides a competitive advantage offering confirmed targets and mineralized areas from years of previous exploration unlike other juniors starting from scratch.
- Bonus Asset Exposure: Including the "Lithium Lane" projects in Snow Lake, Manitoba, and the Lac Simard South project in Quebec, totaling over 55,000 acres offering exposure to battery metals at no extra cost to uranium-focused market trackers. This offers great added upside potential with zero added dilution.
Uranium Market Outlook - A Future Structural Deficit Looks Imminent
1) The Business Research Company
2) World Nuclear Association August 2024
Global uranium demand is accelerating at breakneck speed, and Trump just lit the fuse. Here's why this isn't just a rally—it's a generational shift: 1. U.S. Nuclear Supercharge
- Trump's orders quadruple U.S. capacity to 400 GW by 2050—requiring 2.5x more uranium than today's entire global supply.
- The Defense Production Act now treats uranium as national-security infrastructure, prioritizing contracts with allies like Canada (supplying 20% of U.S. uranium).
2. AI & Tech Giants Going Nuclear
- Microsoft already signed a deal to power AI data centers with SMRs. Google and Amazon are bidding for uranium contracts.
- Why? AI's insatiable power needs (a single data center = 1 nuclear reactor's output). Renewables can't keep up—only uranium delivers 24/7 zero-carbon power.
3. Supply Crunch Goes Critical
- 22 nations pledged to triple nuclear capacity by 2050, but uranium mines take 10+ years to permit.
- Uranium prices are poised to surge—with 400%+ nuclear capacity growth targeted by 2050, but mine permits taking 10+ years. Today's $75/lb look laughably cheap, as analysts project $150+/lb by 2026 to balance the market
(Nasdaq: FMST) (partnered with Denison) is drilling the Athabasca Basin just as uranium's supply crisis hits with prices projected to triple to $150+/lb by 2026. Perfect timing, perfect location! Fully Funded 2025 Exploration Plan
Moreover, unlike so many other under-funded junior explorers that have to sell their souls to stay relevant, Foremost Clean Energy's 2025 exploration program is fully funded at $6.5Mn. 
Figure: Foremost Properties Map surrounded by Mines, Mines Mills and Deposits
Some of Foremost's properties can be found alongside or within major uranium trends including the LaRocque corridor - host to IsoEnergy's world-class Hurricane Deposit (48.6M lbs at 34.5% U3O8) , underscoring the high-grade discovery potential of Foremost's projects. The company just reported preliminary highly successful results including a new discovery of uranium mineralization from its winter 2025 drill program at its Hatchet Lake property. This was Foremost's first inaugural drill program. Do you know how rare that is? Most junior explorers spend years and millions with nothing but empty holes and excuses to show for it. It revealed multiple mineralized intervals, 0.22% eU3O8 over 0.9 metres, within a 15-metre-wide zone of alteration. What does that actually mean? - 0.22% uranium concentration is actually quite impressive for a first find—many operating uranium mines run at grades between 0.1-0.4%
- That 0.9-meter thickness is substantial enough to be economically interesting
- The 15-meter "alteration zone" surrounding it is basically a neon sign saying "there might be more uranium nearby
There are multiple drill programs projected in 2025 on permitted and drill ready targets on properties hosting mineralization along recent strike, providing an abundant pipeline of opp's to hit discoveries. Is this the Next Big Thing?
While analysts obsess over AI and cryp-to, Denison Mines (market cap: $1.5Bn) quietly acquired ~20% of Foremost, becoming their largest shareholder, and handed them the keys to: - A new partnership with backing by an established uranium developer, providing technical, operational and financial support
- Direct access to Denison's ISR mining expertise, future milling infrastructure, and streamlined permitting strategies
- With Denison advancing Canada's first ISR uranium mine (2027 projected construction), uniquely positions Foremost to accelerate discovery timelines and leverage proven ISR expertise, ahead of 60+ basin exploration competitors
- Denison's CEO and President, David Cates, a seat onto Foremost's Board providing Foremost Clean Energy (Nasdaq: FMST) access to key relationship
- Denison Mines doesn't take flyers on juniors; with their ~19% stake and board seat, this essentially turns Foremost from a speculative idea into a de-risked proxy proposal on America's uranium crisis!
Grab Key Sources And More: FMST Website. FMST Presentation. -----
And as I mentioned above, (Nasdaq: FMST) has multiple potential catalysts to focus on immediately. Check them out: No. 1 FMST Potential Catalyst - Could A Low Float Create The Environment For Heightened Volatility (Daily)?
According to info from the Yahoo Finance website, FMST has a relatively low float. In fact, the website reports this profile to have approximately 7.67Mn shares in its float. Why is that important? It's important on one crucial level. Volatility potential. -----
No. 2 FMST Potential Catalyst - Perfect Timing, Perfect Jurisdiction, Perfect Grade.
Foremost Clean Energy Announces 3-Year Exploration Drill Permit for Murphy Lake South Uranium Property; Targeting Summer Drill Program
Highlights include:
Murphy Lake South (17,676 acres) is strategically located adjacent to the LaRocque Lake Conductive Corridor—host to IsoEnergy's high-grade Hurricane Deposit Previous drilling by Denison Mines has identified anomalous uranium and pathfinder elements, highlighting the potential for a meaningful new discovery. Exploration permit covers ground geophysics, surface sampling, and up to 30 drill holes VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to announce the receipt of a three-year exploration permit from the Saskatchewan Ministry of Environment for the Murphy Lake South Property ("Murphy"), located in the world-renowned Athabasca Basin region of northern Saskatchewan. The permit, valid until December 31, 2027, allows the Company to conduct mineral exploration activities including geochemical surveys, geophysics, and drilling of up to 30 holes. Foremost is currently planning the final details of a fully-funded summer drill program. Jason Barnard, Foremost's President and CEO states, "The receipt of this permit is exceptionally well-timed. Murphy is strategically positioned within and alongside the LaRocque Lake Conductive Corridor that hosts the high-grade Hurricane Deposit. Our property shares several geological characteristics with those found at Hurricane, including graphitic basement structures and shallow depth to the unconformity. Historical drilling at Murphy between 2008 and 2017 has already intersected anomalous uranium and pathfinder elements, which are indicative of a potentially significant mineralizing system. With this permit in hand, and significant historic exploration information obtained from previous work completed on the property by Denison Mines Corp. ("Denison", NYSE American: DNN), we are in an enviable position where we are finalizing plans for a summer drill program with several exciting discovery-ready drill targets."
... Read the full article here. -----
No. 3 FMST Potential Catalyst - Denison Mines - $1.5Bn Uranium Developer, Isn't Just Backing Them with Financial, Technical, And Operational Support—They Are The Company's Largest Shareholder.
Where Vision Meets Value - The Denison Factor
The real energy play of the decade is uranium – and thanks to an obscure partnership with NYSE-listed Denison Mines (DNN), (Nasdaq: FMST), small $50Mn uranium explorer, now controls 10 prime properties in Canada's Athabasca Basin – the only jurisdiction on Earth where uranium grades hit 10 - 100X higher than the global average. 
The region— is justifiably described as the "Saudi Arabia of Uranium" and Denison Mines had done years of prior exploration on this portfolio, including drilling and geophysical surveys. Foremost was not starting from scratch like other juniors. Unlike other single-asset juniors, Foremost has 10 projects, not just one, and is actively advancing its portfolio of discovery-ready opp's simultaneously, accelerating the path to new uranium discoveries. With Denison Mine's extensive historical work already done, with this Foremost Clean Energy (Nasdaq: FMST) was provided a clear roadmap to high-priority targets —giving it an edge most early-stage explorers simply didn't have. -----
No. 4 FMST Potential Catalyst - Foremost Clean Energy's Drilling Reveals Promising Uranium Potential And Significant Exploration Success!
Foremost Clean Energy Completes Highly Successful Exploration Drill Program at Hatchet Uranium Property and Provides Corporate Update Highlights include:
Anomalous radioactivity was detected in 6 out of 10 completed drill holes, assay results are pending At Tuning Fork, identification of an extensive hydrothermal system, strong alteration halo, and anomalous radioactivity surrounding drill hole TF-25-16 At Richardson, uranium mineralization was extended 50-metres along the Richardson conductor in drill hole RL-25-32 confirming system's growth potential
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") completed a highly successful maiden winter drill program at the Hatchet Lake Uranium Property ("Hatchet"), which is located in the world-renowned Athabasca Basin region of northern Saskatchewan (Figure 1). The diamond drill program, originally planned as an 8-hole ~2,000 metre program, increased to 10-holes for over 2,400 metres following positive preliminary results from drill hole TF-25-16 – which discovered a new area of uranium mineralization highlighted by a mineralized interval of 0.10% eU3O8 over 6.5m, including 0.22% eU3O8 over 0.9m, within a 15m wide zone of alteration. Anomalous radioactivity was detected directly above and/or below the unconformity in six of the ten drill holes completed as part of the drill program: RL-25-32, TF-25-13, TF-25-16, TF-25-17, TF-25-18, and TF-25-19. Samples from the mineralized intersections in these drill holes have been submitted for assay and results are pending. ... Jason Barnard, Foremost's President and CEO commented, "Our immediate success at Hatchet is attributable to Foremost's unique collaboration with Denison Mines Corp. ("Denison"), where Denison's extensive historic work on the property has identified several prospective structural settings for the potential discovery of uranium mineralization. We are particularly excited about the result from drill hole TF-25-16, which was the first hole completed in a 600-meter gap in an under-explored target area, resulting in the discovery of a new area of uranium mineralized. Based on follow up drilling in this area we are seeing strong radioactivity within graphitic shear zones, classic Athabasca-style clay alteration, and evidence of multiple mineralization events – making this an exciting new discovery with many of the hallmarks of a high-grade unconformity system that is open in every direction."
... Read the full article here. ----- No. 5 FMST Potential Catalyst - Multiple Technical Indicators May Be Signaling Very Optimistic Market Sentiment.
On Tuesday at 4:00PM EST, Barchart was reporting several triggered technical indicators across the short, medium, and long term for FMST. Here's their list (as of 4:00PM EST Friday): Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MA Crossover
- 20 - 100 Day MA Crossover
- 20 - 200 Day MA Crossover
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MA Crossover
- 50 - 150 Day MA Crossover
- 50 - 200 Day MA Crossover
Long Term Indicators
100 Day Moving Average 150 Day Moving Average 200 Day Moving Average The website also shares its all-important "Trend Seeker" composite indicator as well. Make sure to watch these technical indicators closely moving forward.
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No. 6 FMST Potential Catalyst - FMST Beefs Up Leadership Team With Experienced Appointment.
Foremost Clean Energy Strengthens Leadership Team with Appointment of Cameron MacKay as Vice President of Exploration
VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company") is pleased to announce the appointment of Cameron MacKay as Vice President of Exploration effective June 01, 2025. Mr. MacKay is a seasoned uranium exploration executive with over a decade of experience and a track record of uranium discovery in the Athabasca Basin. "We are extremely pleased to welcome Cameron to Foremost's leadership team," said Jason Barnard, President and CEO of Foremost Clean Energy. "Cameron's proven ability to identify and test high-potential exploration targets will be invaluable as we execute on our ambitious strategy to actively explore our unique portfolio of 10 uranium exploration properties in the Athabasca Basin. Cameron's deep understanding of high-grade uranium mineralized systems will be instrumental as we evaluate and advance our projects – including our recent exploration success at the Hatchet Lake property, where we encountered multiple intersections of uranium mineralization."
Having previously held senior roles responsible for uranium exploration efforts in the Athabasca Basin region, Mr. MacKay has demonstrated exploration excellence through his involvement in multiple uranium discoveries and the advancement of early-stage exploration properties through to the resource delineation stage. Mr. MacKay also brings previous experience with Hudbay Minerals Inc., an $3.5Bn NYSE-listed diversified mining company, where he contributed to base metals development programs across several commodities. Mr. MacKay holds an M.Sc. in Geology from the University of Saskatchewan and maintains professional standing with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS). ... Read the full article here. -----
No. 7 – FMST Secures 3-Year Drill Permit for High-Grade CLK Uranium Property
Foremost Clean Energy (NASDAQ: FMST) has just announced a major expansion to its already robust exploration pipeline—securing a three-year exploration permit for its CLK Uranium Property in the Athabasca Basin. This new permit allows the Company to conduct ground geophysics and drill up to 30 holes through December 31, 2027, and sets the stage for a fully funded drill campaign slated to begin in Q3 2025. The CLK property, originally staked by Denison Mines Corp. (NYSE: DNN), spans over 25,753 acres and is located approximately 30 kilometers south of the Athabasca Basin margin, within the highly prospective Snowbird Tectonic Zone—an area known to host several uranium occurrences. What makes CLK particularly compelling is its historic drill hole CLG-D1, which intersected visible pitchblende stringers just below the unconformity, returning an impressive 8,600 ppm uranium (approx. 1.01% U₃O₈) at a depth of 862 meters. Another hole, CLG-D5, also returned 510 ppm uranium (approx. 0.06% U₃O₈) immediately above the unconformity—further validating the zone's mineralization potential. CEO Jason Barnard commented:
"We are particularly excited about high-priority targets, including follow-up of CLG-D1, which intersected 8,600 ppm uranium. CLK showcases the depth of potential within Foremost's uranium exploration portfolio and its robust exploration pipeline."
Additionally, Foremost is awaiting results from a recently completed MobileMT geophysical survey, which will help refine and prioritize drill targets ahead of the upcoming campaign. With the CLK permit now in place and exploration imminent, FMST continues to strengthen its position in the Athabasca Basin with multiple discovery-ready projects—further distinguishing itself from underfunded peers still scrambling to secure permits, capital, or direction .... Read the full article here. ----- (Nasdaq: FMST) Recap - These 7 Potential Catalysts Need To Be Considered Immediately No. 1 - Could A Low Float Create The Environment For Heightened Volatility (Daily)? No. 2 - Perfect Timing, Perfect Jurisdiction, Perfect Grade. No. 3 - Denison Mines - $1.5Bn Uranium Developer, Isn't Just Backing Them with Financial, Technical, And Operational Support—They Are The Company's Largest Shareholder. No. 4 - (Nasdaq: FMST) Drilling Reveals Promising Uranium Potential And Significant Exploration Success! No. 5 - Multiple Technical Indicators May Be Signaling Very Optimistic Market Sentiment. No. 6 - FMST Beefs Up Leadership Team With Experienced Appointment. No. 7 – FMST Secures 3-Year CLK Exploration Permit Targeting High-Grade Uranium Zones. ----- Coverage is officially reinitiated on Foremost Clean Energy Ltd. (Nasdaq: FMST).
When updates are available, I'll get them out quickly to you this week. Talk soon. Sincerely, Alex Ramsay
Co-Founder / Managing Editor
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