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FMST is up 12% on massive volume — and the day just got started!

Foremost Clean Energy Ltd. (Nasdaq: FMST) just lit up the uranium sector today that’s sending insiders scrambling.

The company confirmed uranium mineralization in 6 out of 10 drill holes at its Hatchet Lake property — an exceptional hit rate for a maiden drill program.

This isn’t speculation — it’s hard data:
 

• 0.10% eU₃O₈ over 6.5m, including a higher-grade 0.22% over 0.9m
• All within a 15m-wide alteration zone — a strong sign of a robust mineralized system
• Uranium found above and below the unconformity
• A new mineralized zone discovered, extending the known strike by 50 metres
   

This is discovery-level stuff. And the market just woke up to it.

(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.

(9)

💪 WHY FOREMOST STANDS OUT:

Prime real estate: 10 uranium projects spanning ~332,378 acres in the legendary Athabasca Basin (The Uranium Capital of the World!). This region produces ~15% of the world's uranium, where grades routinely hit 10-100X global average! Securing this much premium land in today's competitive environment would be nearly impossible for most companies. (14)

Foremost’s very first drill program at its Hatchet Lake Property hit 0.22% eU3O8 over 0.9 metres—within a broader 15-metre alteration zone. That’s well above the threshold for average grades for ISR mining (typically just 0.03–0.10%).

This is the same mining method Denison is pioneering just next door at Wheeler River.

Translation? Foremost may potentially be holding future feedstock for Canada’s first ISR uranium mine.

Backed by industry giants: Denison Mines (a $2.1B uranium heavyweight) has taken a significant stake with rights to own up to 19.95% and even put their VP Technical Services on Foremost's board. This extraordinary level of involvement from an industry leader provides powerful third-party validation that few junior companies ever receive. Denison's technical team has an incredible track record of major uranium discoveries including the Phoenix and Gryphon deposits. (5)(6)

They're ALREADY finding uranium in their very first drilling campaign (most juniors spend years with nothing to show). Their recent announcement revealed anomalous radioactivity in 6 out of 10 drill holes - an extraordinary 60% hit rate for a maiden program. The CEO confirms they've found "many of the hallmarks of a high-grade unconformity system that is open in every direction." (12)(14)

Denison had completed YEARS of prior exploration (drilling, geophysics) on this land portfolio, providing Foremost a clear roadmap to high-priority targets and a significant advantage over other early-stage explorers.

Bonus exposure to the EV revolution through lithium properties spanning 55,000+ acres in Manitoba and Québec. These assets represent a completely free "kicker" to FMST's primary uranium focus, potentially worth substantial value on their own as lithium demand continues surging alongside EV adoption. Essentially, shareholders get two potential wealth creation engines for the price of one. (9)

Dual listed on the Canadian Securities Exchange ("CSE"). Foremost is also listed on the CSE trading under the symbol "FAT". On May 19, 2025 the CSE announced that it entered into an agreement that will see the CSE acquire NSX, owner of the National Stock Exchange of Australia ("NSXA") that could create a pathway for its listed companies to tap into Australia's capital markets. For shareholders of Foremost, this could translate to expanded investor reach, potential valuation re-rating, and strategic alignment with Australia's resource investment ecosystem.

Fully funded with ~$5 million cash to execute their aggressive 2025 drilling plan. This strong capital base allows management to focus entirely on exploration success rather than constant fundraising efforts. Their financial stability removes a major risk factor typically associated with junior explorers and ensures they can capitalize quickly on their recent discoveries. (11)

Recent strategic move: Warrant incentive program running until June 5th dropping exercise price from $4.00 to $1.75 (56% discount!). For each warrant exercised, holders receive an additional warrant at $2.20 (good for one year). The timing of this program immediately following their uranium discovery suggests management has high confidence in what may lie ahead. (12)

🗺️ The Roadmap Is Clear — And It's All Forward Momentum

Foremost Clean Energy (Nasdaq: FMST) isn't just reacting — they're executing on a multi-year plan that's already in motion. From follow-up drilling and assay analysis at Hatchet Lake... to aggressive exploration across their Athabasca properties... to a high-impact winter 2025–2026 program, the next 24 months are packed! (6)

Their 10-property portfolio sits in the same proven geological corridor as Cameco’s McArthur River—one of the richest uranium mines ever discovered!

This isn't a waiting game — it's a pressure build. Every milestone tightens the coil.

(6)

⏰ THE CRITICAL TIMING:

The just-announced results are even BETTER than initially reported:

Denison's Backing = Envious Advantage
 

• 20% ownership + technical/financial support
• Instant access to proven targets & mineralized zones
• Skips years of grassroots exploration

Tier-1 Uranium Portfolio Ready to Run

• 10 drill-ready properties (330K acres) in proven corridors
• Fully funded $6.5M 2025 program + Hatchet Lake discovery
• Near-term catalysts could trigger major re-rating

Uranium Supercycle Accelerating

• Trump’s 4X nuclear expansion plan → 91M lb deficit
• Microsoft/Amazon betting on nuclear for AI/data centers
• SMR adoption + government funding = parabolic demand
•  

Their small float (~30% held by insiders/institutions) and surging investor interest (volume +192% in the last 3 months) are fueling volatile price swings, creating a "powder keg" scenario for potential explosive growth.

Remember when lithium exploded in 2021? Or uranium's last major run in 2007?

The fundamentals today look EVEN STRONGER.

The masses will eventually catch on - but by then, the most dramatic moves may have already happened.

While everyone else remains fixated on overvalued tech plays, the uranium sector continues building momentum - often overlooked until major price movements are already underway.

This moment won't last. ⏰

The uranium renaissance is happening now, and Foremost Clean Energy (Nasdaq: FMST) has all the ingredients of a potential huge breakout.

Get ahead now, or keep scrambling—your call! ⏱️

Max Masters

Co-founder, Market Tips Newsletter

Sources:
1. https://finance.yahoo.com/quote/FMST/

2. https://finance.yahoo.com/quote/FMST/history/

3. https://bit.ly/4jCHABU

4. https://bit.ly/3YpDWDa

5. https://bit.ly/4m0fodO

6. https://bit.ly/3YtwSp7

7. https://bit.ly/4k1R6yf

8. https://bit.ly/3GENvrF

9. https://bit.ly/4jDmgfE

10. https://bit.ly/3RJRYM9

11. https://bit.ly/3YsMAkj

12. https://finance.yahoo.com/news/foremost-clean-energy-announces-warrant-130000613.html
13. https://finance.yahoo.com/quote/FMST/key-statistics/ 
14. https://finance.yahoo.com/news/foremost-clean-energy-completes-highly-130000585.html
15. https://finance.yahoo.com/news/foremost-clean-energy-strengthens-leadership-130000309.html 
16. https://world-nuclear-news.org/articles/trump-sets-out-aim-to-quadruple-us-nuclear-capacity

17. https://www.cnbc.com/2025/06/03/meta-signs-nuclear-power-deal-with-constellation-energy-.html 

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