Mr. David Cates reports
FOREMOST CLEAN ENERGY GRANTS STOCK OPTIONS
Foremost Clean Energy Ltd. has granted a total of 68,000 stock options to certain officers, employees and consultants of the company pursuant to the company's long-term incentive plan. The options are intended to align the interests of management, employees and consultants with those of shareholders while supporting the company's long-term strategy.
The options are exercisable at $1.87 subject to applicable the Canadian Securities Exchange and Nasdaq requirements, and a have a term of five years. The options vest in three equal annual instalments on April 1, 2027, April 1, 2028, and April 1, 2029. All options are subject to the terms of the company's long-term incentive plan and applicable securities law hold periods.
About
Foremost
Clean Energy Ltd.
Foremost Clean Energy is a North American uranium, lithium and gold exploration company strategically positioned to support the long-term growth in demand expected for reliable, carbon-free energy sources.
The company holds an option from Denison Mines Corp. to earn up to a 70-per-cent interest in 10 prospective uranium properties (except for the Hatchet Lake, where Foremost can earn up to 51 per cent), spanning over 330,000 acres in the prolific, uranium-rich Athabasca basin region of Northern Saskatchewan. The company's exploration efforts benefit from access to extensive historic drilling and geophysical data for targeting high-potential, mineralized trends. To date, Foremost has completed geophysical surveys and multiple drill campaigns that have generated encouraging results and defined high-priority exploration targets for follow-up drilling.
Foremost also has a portfolio of lithium-focused projects at varying stages of development spanning 43,000-plus acres in Manitoba, providing exposure to other critical materials essential in electrification and energy storage.
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