Foremost Clean Energy wins exploration drill permits for Saskatchewan uranium properties

June 10, 2025 06:05 AM PDT | By EODHD

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Foremost Clean Energy wins exploration drill permits for Saskatchewan uranium properties — Image source: Kalkine Media

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[Fuel] Liens Foremost Clean Energy (NASDAQ:FMST [https://seekingalpha.com/symbol/FMST]) +1.9% pre-market Tuesday after saying it received a three-year exploration permit [https://seekingalpha.com/pr/20131652-foremost-clean-energy-announces-3-year-exploration-drill-permit-for-clk-uranium-property] from the Saskatchewan Ministry of Environment for the CLK Property in the Athabasca Basin, an area known for multiple occurrences of high-grade uranium mineralization. CLK drill hole CLG-D1 is a compelling target for follow-up, having previously intersected stringers of visible pitchblende just below the unconformity, which returned 1.01% U3O8, the company said. Foremost (NASDAQ:FMST [https://seekingalpha.com/symbol/FMST]) is planning a fully-funded exploration program for CLK, which is expected to begin in Q3. Last week [https://seekingalpha.com/pr/20127857-foremost-clean-energy-announces-3-year-exploration-drill-permit-for-murphy-lake-south-uranium], Foremost (FMST [https://seekingalpha.com/symbol/FMST]) also received a three-year exploration permit from Saskatchewan regulators for its Murphy Lake South property in the Athabasca Basin. The permits, which run until year-end 2027, authorize the company to conduct exploration work, including geochemical studies, geophysical surveys, and drilling up to 30 holes.

Foremost (FMST [https://seekingalpha.com/symbol/FMST]) shares fell 15% on Monday, as investors apparently took profits after the stock had surged 290% in the previous month. MORE ON FOREMOST CLEAN ENERGY * Foremost Clean Energy regains complaince with Nasdaq [https://seekingalpha.com/news/4452539-foremost-clean-energy-regains-compliance-with-nasdaq]

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