FMST · Foremost Clean Energy Ltd.

Foremost Clean Energy Ltd. has significantly advanced its Hatchet Lake South Uranium Project through the 2026 drill program, building directly on the 2025 discovery hole TF-25-16 which reported 6.2m of 0.10% U3O8. The current campaign completed ten diamond drill holes totaling 2,113 meters across three fences, with five holes delivering reportable unconformity-related uranium mineralization above the 0.05% eU3O8 threshold. The standout result from TF-26-30—0.34% eU3O8 over 4.6m including a high-grade core of 1.0% eU3O8 over 1.4m—demonstrates potential for richer zones within the system. Other intercepts like 0.06% over 6.9m in TF-26-24 and 0.13% over 0.7m in TF-26-27A confirm continuity along strike, now extending the Tuning Fork Uranium Zone to over 150 meters. Critically, every hole encountered anomalous radioactivity exceeding 2x background and associated hydrothermal alteration in both sandstone and basement rocks, signaling a robust mineralizing system tied to brittle reactivated structures at the Athabasca unconformity. President and CEO Jason Barnard emphasized the growing scale and consistent mineralization, crediting foundational work by strategic partner Denison Mines Corp. Next steps focus on northern extensions of Tuning Fork, plus drill-ready targets like Tuning Fork West, East, Beta Grid, and Richardson SE, positioning Hatchet Lake for additional discoveries in this prolific uranium district. Results are preliminary radiometric eU3O8 from calibrated gamma probes, with true thicknesses pending and core sampling underway at SRC lab.