FMST

Foremost Clean Energy

With spot gold holding near record levels and investor interest in high-grade discoveries surging, exploration activity across Canada&#8217;s major mining belts continues to accelerate. Juniors with shallow, high-grade intercepts are drawing renewed attention as markets reward projects capable of advancing quickly in a strong commodity environment.</p></p>Shares of Foremost Clean Energy Ltd.<strong> (<a href="https://www.allpennystocks.com/stockquote/fat:cnx" target="_blank">CSE: FAT</a>)&nbsp;(<a href="https://www.allpennystocks.com/stockquote/fmst" target="_blank">NASDAQ: FMST</a>)</strong> &nbsp;are moving higher Wednesday after the company released new assay results from its ongoing 2025 drill program at the Jean Lake Gold-Lithium Property in Manitoba. The latest drill holes, JL25-003 and JL25-004, continue to confirm and expand a shallow, high-grade gold system along the Valkyrie Trend&#8212;an emerging zone that first delivered standout gold intercepts in 2023.</p></p>The company reported several significant intervals, including a headline hit from JL25-003 of 34.2 g/t gold over 0.8 metres, contained within a broader 9.0 g/t over 3.5 metres, starting at just 127.8 metres depth. Additional mineralization from the same hole included 9.7 g/t over 0.5 metres within 2.7 g/t over 2.6 metres, as well as 6.2 g/t over 1.0 metre inside a 1.8 g/t over 7.0 metres interval.</p></p>JL25-004 delivered further confirmation of the system&#8217;s continuity, highlighted by 6.6 g/t over 0.7 metres within 2.7 g/t over 1.6 metres, plus strong supporting intervals at shallow depths. All reported intercepts from both holes fall within 100 metres of surface&#8212;an important factor for early-stage development potential.</p></p>CEO Jason Barnard said the company is &#8220;increasingly encouraged&#8221; by what drilling continues to reveal, adding that the shallow nature of mineralization is &#8220;exactly what we hoped to see at this early stage.&#8221; He noted that these results, combined with earlier high-grade hits from both the 2025 and 2023 programs, reinforce confidence in the scale and emerging continuity of the Valkyrie Trend.</p></p>Foremost emphasized that the first four holes of the 2025 campaign have successfully expanded the known mineralized footprint. Earlier this month, the company reported high-grade intervals from JL25-001 and JL25-002, including 40 g/t gold over 0.6 metres and 82 g/t over 0.7 metres, both within broader multi-metre mineralized envelopes. The new assays add to that momentum, further confirming the presence of a coherent near-surface system.</p></p>The Jean Lake project was first highlighted in 2023 when drill hole FM23-08 returned an impressive 102 g/t gold over 0.48 metres within 7.50 g/t over 7.66 metres. Combined with today&#8217;s results, the company now points to a series of consistent intercepts that strengthen the case for a potentially robust high-grade structure.</p></p>Foremost also provided a detailed overview of its sampling procedures, analytical methods, and QA/QC protocols, noting that all work was performed by SGS Canada at its ISO/IEC 17025&#8211;accredited facilities. Assay accuracy was monitored using blanks, standards, and duplicates inserted both by SGS and independently by the company.</p></p>Looking ahead, Foremost plans additional step-out drilling along the Valkyrie Trend while advancing evaluation of lithium-bearing pegmatite targets elsewhere on the property. Assays from further holes are pending.</p></p>Foremost Clean Energy is a uranium and lithium explorer with a large portfolio of assets across Saskatchewan, Manitoba, and Quebec. The company maintains an option to earn up to 70% in 10 uranium projects from Denison Mines Corp., covering more than 330,000 acres in the Athabasca Basin. Its lithium portfolio spans more than 55,000 acres in Canada&#8217;s key battery metals districts.</p></p>Shares of FAT are up 6% at C$3.55 in Wednesday morning trading on the CSE, while Nasdaq-listed shares of FMST are up 6.5% at $2.53.</p> <p>Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.</p><p>View <a href='https://www.allpennystocks.com/specialreportsCA/2380/shallow-gold-discovery-expands-as-new-drill-results-strengthen-emerging-trend'>more of this article</a> on AllPennyStocks.com.</p><p><strong>About AllPennyStocks.com Media, Inc.:</strong></p> <p>Founded in 1999, AllPennyStocks.com Media, Inc. is North America's largest and longest running website dedicated exclusively to micro-cap and small-cap insights.</p> <p>Catering to both Canadian and U.S. markets, AllPennyStocks.com provides a wealth of resources and expert content designed for everyone, from beginner investors to seasoned traders.</p> <p>AllPennyStocks.com's content is prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.</p> <p>Contact:</p> <p>AllPennyStocks.com Media, Inc.</p> <p>Email: <a href="mailto:ads@allpennystocks.com">ads@allpennystocks.com</a></p> <p>Phone: (800) 558-4560 Ext: 101</p>

The company received two exploration drill permits for uranium mining in Canada this month.

The company received a three-year exploration permit for exploration work at the mineral-rich Murphy Lake South Property last week