Foremost Clean Energy Secures Three-Year Exploration Permit for Turkey Lake Uranium Project

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has received a three-year exploration permit from the Saskatchewan Ministry of Environment for its Turkey Lake uranium project, authorizing up to 75 drill holes and related fieldwork through December 31, 2028. The permit allows the company to conduct systematic exploration along a 10-kilometer conductive corridor that has shown historic uranium intercepts from previous operators Cameco and Denison. This regulatory approval represents a significant step forward for the project, which is located in the prolific Athabasca Basin region of northern Saskatchewan, known for hosting high-grade uranium deposits.

The company announced that a ground-based gravity survey by MWH Geo Survey will begin in December to refine targets ahead of a planned 2026 drill program. This survey aims to identify the most promising areas for drilling based on geological data and historical findings. The Turkey Lake project is part of Foremost's broader portfolio of uranium properties, where the company holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the Athabasca Basin. As demand for carbon-free energy continues to grow, domestically mined uranium is increasingly important for nuclear power generation, positioning companies like Foremost at the forefront of clean energy resource development.

Foremost's exploration strategy involves collaboration with Denison Mines Corp., following historic intercepts that indicate potential uranium mineralization along the underexplored corridor. The company's mission is to make significant discoveries through systematic and disciplined exploration programs. The three-year permit provides the necessary regulatory framework to advance the Turkey Lake project from target refinement to drilling and potential resource definition. This development comes as global interest in nuclear energy as a clean power source increases, particularly in North America where domestic uranium supply chains are being strengthened.

The latest news and updates relating to FMST are available in the company's newsroom at http://ibn.fm/FMST. The full press release can be viewed at https://ibn.fm/qoIVC. Foremost Clean Energy is a North American uranium and lithium exploration company with projects at various stages of development, from grassroots exploration to drill-ready targets. The Turkey Lake permit authorization enables the company to advance one of its key uranium properties during a period of growing demand for nuclear fuel materials. This regulatory milestone supports Foremost's position in the competitive uranium exploration sector and contributes to the development of domestic clean energy resources.