(6)
🔍 LATEST BOMBSHELL FINDINGS:
Their recent announcement confirms what early indicators suggested - anomalous radioactivity detected in 6 out of 10 drill holes—attention now shifts to the eagerly anticipated assay results!
This includes a standout
mineralized interval of 0.10% eU3O8 over 6.5m, including 0.22% eU3O8 over 0.9m within a 15m wide alteration zone. (14)
For those new to uranium exploration, finding ANY uranium on your first drilling
attempt is like winning the lottery on your first ticket. Finding high-grade uranium?
That's hitting the MEGA MILLIONS multi-billion jackpot! 🎰 (6)
💥 WHAT MAKES THIS SO EXTRAORDINARY: (14)
- Anomalous radioactivity was found above and below the unconformity in SIX separate drill
holes
- This is a completely NEW area of uranium mineralization DISCOVERY!
🎯 THE MACKAY ADVANTAGE - WHY THIS CHANGES EVERYTHING: (15)
Cameron MacKay isn't just another hire – he's a uranium discovery machine.
Having previously held senior roles responsible for uranium exploration in the Athabasca Basin, MacKay has demonstrated
exploration excellence through his involvement in multiple uranium discoveries and advancement of early-stage properties through to the resource delineation stage.
MacKay also brings experience from Hudbay Minerals Inc., a $3.5 billion NYSE-listed diversified mining company, where he contributed to base metals development programs.
CEO Jason Barnard said it
best: "Cameron's proven ability to identify and test high-potential exploration targets will be invaluable as we execute on our ambitious strategy to actively explore our unique portfolio of 10 uranium exploration properties in the Athabasca Basin. Cameron's deep understanding of high-grade uranium mineralized systems will be instrumental as we evaluate and advance our projects – including our recent exploration success at the Hatchet Lake
property."
⚡ THE PERFECT STORM BREWING:
Here's what makes FMST potentially EXPLOSIVE: (13)
- Micro-sized float: Only 10.44 million shares outstanding with a public float of just 7.62 million
- Insider confidence: Insiders control over 30.95% of shares
- Limited availability: With
such tight ownership, supply and demand fundamentals could create massive action
Translation: When news spreads, there simply aren't many shares available for everyone rushing to grab a piece! 🔥
👔 WALL STREET IS PAYING ATTENTION: (5)(6)
- Red Cloud Securities initiated coverage with a very positive rating, highlighting
the company's "strategic Athabasca Basin uranium exploration portfolio"
- Zacks Small-Cap Research published an analysis praising Foremost's "premier Athabasca Basin exploration properties." They specifically note how Denison's partnership has "transformed" Foremost's potential.
🌎 THE BIGGER URANIUM PICTURE: (5)(6)
Global uranium demand is
accelerating at breakneck speed, and Trump just lit the fuse . Here’s why this isn’t just a rally—it’s a generational shift.
On May 23, 2023 he laid out four blockbuster executive orders declaring nuclear energy a national-security priority that are sure to be game-changer for uranium explorers like Foremost Clean Energy. Here’s the nitty-gritty: (16)(17)
1. U.S. Nuclear Supercharge
Trump’s executive orders aim to quadruple U.S. nuclear capacity to 400 GW by 2050 — a goal that would require 2.5x more uranium than the current entire global supply.
- The Defense Production Act now classifies uranium as critical national-security
infrastructure.
- Priority contracts are being funneled to trusted allies like Canada, which already supplies ~20% of U.S. uranium imports.
- This is a full-spectrum push: production, permitting, fuel cycle — all being fast-tracked.
2. AI & Tech Giants Going Nuclear
Meta just joined the nuclear power race — and the implications are massive.
On June
3, Meta signed a 20-year agreement to buy 1.1 gigawatts of nuclear energy from Constellation’s Clinton Clean Energy Center in Illinois — enough to power an entire AI-scale data center fleet.
Without Meta’s deal, the plant was at risk of shutting down. Now? It's getting extended life and an output boost.
This comes on the heels of:
- Microsoft securing nuclear power for its AI data centers via a
20-year deal for Three Mile Island
- Amazon investing $500M+ into SMRs and acquiring a nuclear-powered data center campus
- Google funding new nuclear projects and partnering with SMR developer Kairos Power
These aren't one-off moves.
In March, Amazon, Google, and Meta all signed a pledge led by the World Nuclear Association to triple global
nuclear capacity by 2050.
3. Supply Crunch Goes Critical
22 countries have pledged to triple nuclear capacity by 2050 — but uranium supply is already falling behind.
- New uranium mines take 10+ years to permit and bring online
- With global nuclear capacity projected to surge 400%+, current production is wildly
inadequate
- Uranium is still just ~$75/lb — but analysts expect $150+/lb by 2026 to meet demand
This isn’t just a squeeze — it’s an approaching supply shock.
