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InvestorNewsBreaks - Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Updates Spin-Out Effective Date

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InvestorNewsBreaks – Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Updates Spin-Out Effective Date

Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT)clarified the effective date of its previously announced spin-out of gold and silver properties into Rio Grande Resources Ltd. The Canadian Securities Exchange (CSE) initially issued a bulletin stating the spin-out would occur on Jan. 30, 2025, but later corrected the date to Jan. 31, 2025, aligning with Foremost’s Jan. 29 announcement. Due to incorrect information regarding the delisting of Foremost’s common shares, trading was temporarily halted. Upon completion of the arrangement, Foremost shareholders will receive one new Foremost share and two Rio Grande shares for each Foremost share held, with trading of the new shares commencing at that time.

To view the full press release, visit https://ibn.fm/k3J2u

About Foremost Clean Energy Ltd.

Foremost Clean Energy, assuming the effectiveness of the transaction, will be an emerging North American uranium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. As global demand for decarbonization accelerates, the need for nuclear power is crucial. Foremost expects to be positioned to capitalize on the growing demand for uranium through discovery in a top jurisdiction with the objective to support the world’s energy-transition goals. Alongside its exploration partner Denison, Foremost will be committed to a strategic and disciplined exploration strategy to identify resources by testing drill–ready targets with identified mineralization along strike of recent major discoveries. Foremost also maintains a secondary portfolio of significant lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. For more information about the company, visitwww.ForemostCleanEnergy.com.

NOTE TO INVESTORS:The latest news and updates relating to FMST are available in the company’s newsroom athttp://ibn.fm/FMST

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