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FMST News
FMST Events
Foremost Clean Energy Appoints David Cates as Interim CEO
Foremost Clean Energy (FMST) reported that David Cates has been appointed interim president and CEO of the company. Cates has served as a director of the company since October 2024 and is CEO of Denison Mines (DNN), which is the company's largest shareholder, owning approximately 19.9% of Foremost's outstanding common shares. The board is completing a formal search and selection process for a new permanent president and CEO, following the departures of Jason Barnard, who had served as president and CEO of Foremost, and Christina Barnard, who had served as the company's COO.
Foremost Clean Energy Completes Phase 2 Agreement with Denison Mines
Foremost Clean Energy (FMST) announced it will have completed the Phase 2 earn-in requirements under its Option Agreement closed with Denison Mines (DNN) upon issuing to Denison up to 848,610 common shares in the capital of Foremost valued at $2M. "Achieving the completion of Phase 2 approximately 15 months ahead of our contractual obligations represents a major milestone for Foremost. Earning a majority interest in our uranium portfolio reflects our commitment to uranium exploration, and positions Foremost to continue advancing high-priority uranium targets at a time when global demand for secure uranium supply and nuclear energy continues to strengthen," said Jason Barnard, president and CEO of Foremost.
Foremost Clean Energy Receives $50,000 Funding
Foremost Clean Energy announced that it has received funding under the Government of Saskatchewan's Targeted Mineral Exploration Incentive, or TMEI, Program, further demonstrating provincial support for the company's uranium exploration activities in Saskatchewan. Foremost received a $50,000 grant based on eligible exploration expenditures incurred in the province, to support the continued advancement of the company's Saskatchewan uranium project portfolio in the prolific Athabasca Basin.
Foremost Clean Energy Commences 5,000-Metre Winter Drill Program
Foremost Clean Energy announces the commencement of its planned 5,000-metre winter diamond drill program at the Company's Hatchet Lake Uranium Project, located in the eastern Athabasca Basin region of northern Saskatchewan. Drilling is currently underway at the Tuning Fork target area following up Company's 2025 uranium discovery in drill hole TF-25-16, which intersected 0.87% U3O8 over 0.45 metres within a broader 6.2-metre interval averaging 0.10% U3O8 at the Athabasca unconformity. As previously announced on February 9, 2026, the program is designed to test along-strike and down-dip continuity of mineralization, refine structural controls on uranium emplacement, and evaluate additional high-priority targets across Hatchet Lake South and Hatchet Lake North.
Foremost Clean Energy Signs Exploration Agreement with Kiciwapa Cree Nation
Foremost Clean Energy announced the signing of an Exploration Agreement dated February 24, 2026 during a ceremony held on February 24, in Flin Flon, Manitoba with the Kiciwapa Cree Nation supporting responsible mineral exploration within KCN's Traditional and Ancestral Territory in Manitoba. The Agreement establishes a formal framework for how the parties will work together in a manner grounded in transparency, ongoing communication, environmental responsibility, and meaningful community engagement. The Agreement outlines processes for advance notice of on-the-ground exploration activities, regular engagement, and information sharing. It includes measures intended to support environmental and cultural stewardship, such as opportunities for KCN to conduct environmental and cultural monitoring during certain exploration activities and engagement of Elders and community representatives where appropriate. The Agreement is also intended to support economic participation for KCN and its members through employment, training, and contract opportunities for KCN businesses. The Agreement includes financial commitments designed to support community engagement and economic development, including funding for consultation and engagement, certain community-led capacity initiatives, and annual contributions to the KCN Economic Development Fund.
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