Watchlist Update: Nasdaq Low Float Profile (FMST) Puts Together An Approx. 27% Run

Have you continued tracking Foremost Clean Energy Ltd. (Nasdaq: FMST)?

Watchlist Update: Nasdaq Low Float Profile (FMST) Puts Together An Approx. 27% Run May 16th Dear Reader, Have you continued tracking Foremost Clean Energy Ltd. (Nasdaq: FMST)? Brought into focus following an after-hours close of $1.72 on Wednesday evening, FMST has now climbed to a high of $2.20 in pre-market this morning. That's an approximate move of 27% short term. Congrats! Remember. This is a low float idea with fewer than 8Mn shares which means volatility potential could be heightened on a daily basis. And with yesterday's major announcement continuing to circulate, it might not hurt to keep an eye on this Nasdaq profile again today. Review my initial report below and consider (Nasdaq: FMST) for your watchlist quickly. ----- As the world pivots toward cleaner energy solutions, uranium stands out as a critical resource for powering reliable, low-carbon nuclear energy. With its unmatched energy density and ability to provide consistent base-load power, uranium is essential for the clean energy transition. In fact, a recent analysis has highlighted a company with a $5.45 price target from Zacks Small-Cap Research, suggesting over 200% upside potential from its closing valuation Wednesday. Additionally, its low float of fewer than 8Mn shares could enhance volatility, creating a unique profile to track closely as game-changing uranium mineralization discovery news from their Hatchet Uranium Project could bring the markets focus their way. Listen. Drop what you're doing and consider this Nasdaq uranium explorer for your radar: *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. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy. 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 - A New Uranium Mineralization Discovery Could Earn Foremost Serious Market Buzz! No. 3 - Foremost Announced a $6.5Mn Uranium Exploration Program Across the Athabasca Basin! No. 4 - At Least One Analyst Target Suggests A Potential 200% Upside From Current Chart Levels.   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: Highly attractive diversified uranium exploration portfolio of shallow and deeper targets with a total of 10 properties spanning over 330,000 acres on 45 claims, with aggressive exploration plans 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: Positioned to help enable the uranium market renaissance, with 20+ nations pledging to triple nuclear energy capacity by 2050 during a projected period of sustained structural uranium supply shortages Key Uranium Funds and In-vest-ors: Significant number of strategic in-vest-ors including uranium and mining funds, institutions and insiders; $10.5Mn oversubscribed financing closed in November 2024 Incentives: Foremost Management and Board holds ~10.5% of the company’s shares outstanding; Denison is the Company’s largest shareholder holding approximately ~19.10% Secondary Lithium Upside: Five Canadian lithium projects spanning 50,000+ acres with long-term development potential   Uranium Market Outlook - A Future Structural Deficit Looks Imminent 1) The Business Research Company 2) World Nuclear Association August 2024 Highly Attractive Uranium Portfolio: Foremost's Advantage Fully Funded - $6.5Mn this year towards exploration program on a diverse portfolio including grassroots to those with significant historical exploration and drilling Foremost holds one of the largest exploration portfolios in the Athabasca Basin—10 high-potential properties (332,378 acres/134,509 hectares) on 45 claims with confirmed mineralization, all strategically positioned along major uranium-bearing structures and trends Unlike other single-asset juniors, Foremost has 10 projects, not just one and is actively advancing its portfolio discovery-ready opp's simultaneously, accelerating the path to new uranium discoveries Denison Mines had done years of previous exploration, including drilling and geophysical surveys which provides Foremost a validated roadmap and a clear competitive advantage, enabling targeted drilling of high-potential, mineralized zones from the outset Strategically Positioned Projects - 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) highlighting the potential to high-grade discovery potential Discovery-Ready Targets - Multiple drill programs projected on permitted and drill ready targets in 2025 on properties hosting mineralization along strike of recent major discoveries. The region has a well-established mining and transportation infrastructure Where Vision Meets Value - The Denison Factor Denison Mines Corp, a $1.3BN Company (NYSE American: DNN) with an Exploration & Development Portfolio Spanning ~950,000 acres in the Athabasca Basin Denison provides Foremost a significant competitive advantage as its partnered with a major uranium developer who not just offers financial backing, but access to an experienced team, operational and technical expertise Denison prime focus on the Phoenix and Gryphon Deposit at Wheeler River, Denison viewed Foremost as the perfect partner to advance exploration on discovery-ready projects Denison's CEO and President, David Cates, sits on Foremost’s Board and provides access to key relationship Denison is Foremost’s largest shareholder owning just over 19.10% of its outstanding shares 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 7.62Mn shares in its float. Why is that important? It's important on one crucial level. Volatility potential. ----- No. 2 FMST Potential Catalyst - A New Uranium Mineralization Discovery Could Earn Foremost Serious Market Buzz! Foremost Clean Energy Reports New Discovery of Uranium Mineralization at Hatchet Lake Property Key Highlights: Highly successful initial results from Foremost’s inaugural drill program at the Hatchet Lake Uranium Property (“Hatchet”) Discovery consists of multiple mineralized intervals, including 0.22% eU3O8 over 0.9 metres, within a 15-metre-wide zone of alteration Hatchet drill program is ongoing, with follow-up on the new area of mineralization planned Hatchet program is part of Foremost’s $6.5Mn 2025 Athabasca Basin exploration budget expected to test high priority target areas across uranium project portfolio VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce the discovery of uranium mineralization in drill hole TF-25-16, which intersected 0.10% eU3O8 over 6.5 metres within a 15 metre wide interval of alteration at a new target area on the Hatchet Lake Uranium Project ("Hatchet"), which is located in the world-renowned Athabasca Basin region of northern Saskatchewan. As part of the ongoing 2025 winter drilling campaign, drill hole TF-25-16 was completed to test a geophysical anomaly situated within a 600-metre gap between historic drill holes in the Tuning Fork target area (see Figure 1). As there are no historic drill holes in the vicinity of TF-25-16, the mineralization is considered to be open along and across strike. ... Read the full article here. ----- No. 3 FMST Potential Catalyst - Foremost Announced A $6.5Mn Uranium Exploration Program Across the Athabasca Basin! Foremost Clean Energy Announces $6.5Mn Uranium Exploration Program Across the Athabasca Basin VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce its plans for a $6.5Mn exploration program in 2025 (the “Program”) across its portfolio of uranium properties in the Athabasca Basin region in northern Saskatchewan. ... ... Jason Barnard, President and CEO of Foremost, states, “With portfolio of ten uranium exploration properties, attractively situated in the world-renowned Athabasca Basin region, Foremost is uniquely positioned with multiple discovery-ready properties supported by years of early stage exploration work carried out by Denison. This $6.5Mn exploration program is the next step in our collaboration with Denison and marks a pivotal moment for Foremost Clean Energy as the Company embarks on its most ambitious exploration program." Barnard continues, “We understand that market uncertainty, particularly surrounding potential tariffs, has been weighing on our share price. Despite current market headwinds and the impact that broader economic anxieties may have had on our share price, we firmly believe that Foremost’s robust exploration strategy, combined with strong support from Denison, positions us to unlock substantial value for our shareholders in the near future.” ... Read the full article here. ----- No. 4 FMST Potential Catalyst - At Least One Analyst Target Suggests A Potential 200% Upside From Current Chart Levels. In the 2nd half of 2024, Zacks Small-Cap Research analyst, Steven Ralston, chimed in with a price target of $5.45 for FMST. From its closing valuation Wednesday, that target provides FMST with a potential upside of over 200%! Details from the report: Based on comparative analysis of junior hard rock lithium companies, an industry average price-to-book (P/B) ratio of 2.9 indicates a share price target of $5.45 per share. ----- (Nasdaq: FMST) Recap - These 4 Potential Catalysts Need To Be Considered Immediately No. 1 - Could A Low Float Create The Environment For Heightened Volatility (Daily)? No. 2 - A New Uranium Mineralization Discovery Could Earn Foremost Serious Market Buzz! No. 3 - Foremost Announced a $6.5Mn Uranium Exploration Program Across the Athabasca Basin! No. 4 - At Least One Analyst Target Suggests A Potential 200% Upside From Current Chart Levels. ----- Coverage is officially initiated on Foremost Clean Energy Ltd. (Nasdaq: FMST). When updates are available, I'll get them out quickly to you this week. Talk soon. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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