- Foremost Clean Energy (FMST, Financial) plans a 5,000 line-kilometer MobileMT™ survey in Athabasca Basin, starting mid-July 2025.
- The survey targets deep uranium deposits using advanced geophysical technology.
- Foremost issued 413,100 RSUs, vesting in installments from 2026 to 2028.
Foremost Clean Energy (NASDAQ: FMST) is set to conduct a cutting-edge 5,000 line-kilometer airborne geophysical survey over its GR and Blackwing Uranium properties in Saskatchewan's Athabasca Basin. Scheduled to commence mid-July 2025, the MobileMT™ survey will employ state-of-the-art technology capable of detecting conductive structures up to 2 kilometers deep, potentially housing significant uranium deposits.
The Athabasca Basin properties, strategically positioned along the Grease River Shear Zone and Black Bay Fault, are recognized for their uranium mineralization potential. This marks the first systematic evaluation of these underexplored areas using such advanced methods, reflecting Foremost's confidence in the untapped possibilities within these claims.
In parallel, Foremost has issued 413,100 Restricted Stock Units (RSUs) to its management and staff. These equity grants will vest in three equal parts over three years, starting from April 1, 2026, in alignment with the company's long-term strategic goals and compensation plan, subject to the Canadian Securities Exchange (CSE) approval.
