Foremost Clean Energy Announces $9 Million 2026 Exploration Program Targeting Athabasca Basin Uranium

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has announced plans for an approximately $9 million exploration program in 2026, primarily focused on advancing its Athabasca Basin uranium portfolio. The company holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the uranium-rich Athabasca Basin region of northern Saskatchewan, acquired from Denison Mines Corp. This strategic portfolio covers about 130,000 hectares and represents a significant position in a globally important uranium district.

The 2026 program is expected to include winter and summer drilling at the Hatchet Lake and Turkey Lake projects, following recent exploration progress and geophysical work. The company cites strong datasets and prior discoveries as key factors guiding this focused capital deployment strategy. As the demand for carbon-free energy continues to accelerate, domestically mined uranium is poised for dynamic growth, playing an important role in the future of clean energy. Foremost's uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets.

Concurrently, the company plans continued advancement of the Jean Lake Gold Project in Manitoba through additional drilling and evaluation of pending assay results. Foremost also maintains a portfolio of lithium projects across 55,000+ acres in Manitoba and Quebec, reflecting a diversified approach to clean energy mineral exploration. The company's mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.

The announcement comes as North American uranium exploration gains renewed attention amid global energy transitions. The Athabasca Basin is recognized as one of the world's most prolific uranium regions, hosting high-grade deposits that are critical for nuclear power generation. Foremost's planned investment represents a substantial commitment to exploration in this strategic region at a time when secure, domestic sources of uranium are increasingly valued by energy policymakers and utilities. The latest news and updates relating to FMST are available in the company's newsroom at http://ibn.fm/FMST.