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InvestorNewsBreaks - Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Delays Spin-Out Effective Date by One Day

TSXV - TSX Venture Exchange · Uranium · Copper · Helium · Hydrogen · Canada · M&A / Asset Transactions

InvestorNewsBreaks – Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Delays Spin-Out Effective Date by One Day

Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT)announced that the effective date of its previously disclosed spin-out of gold and silver properties into Rio Grande Resources Ltd. is now set for 12:01 a.m. (Vancouver time) on Jan. 31, 2025, one day later than originally planned. Under the arrangement, Foremost shareholders as of Jan. 30, 2025, will receive one new common share of Foremost and two common shares of Rio Grande for each Foremost share held. Shareholders do not need to take any action, though those holding physical certificates should refer to the company’s Jan. 28, 2025, news release for instructions.

To view the full press release, visit https://ibn.fm/0AeVm

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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