Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s): FMST

Metals & Mining Industrial Metals & Minerals

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.

CSE:FAT - Post by User

Foremost Clean Energy Ltd

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Comment by Anonxmason Dec 18, 2017 9:00pm

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Post# 27183497

RE:RE:Buyout question

wilwal wrote:
As far as disclosure goes, it is most likely you won't hear about negotiations until the BOD has an offer that it wants to accept or if it is a formal hostile takeover bid. If news leaks out and the stock starts to run, the Exchange will shut them down and they will have to disclose negotiations at that time.

People need to calm down on buyout speculation so the disclosure issue isn't relevant at this moment. It's not going to happen tomorrow.....and for good reason. FAT doesn't know what they would be selling and the buyer doesn't know what he is buying. There just hasn't been nearly enough work done on this yet.

Note that LIX delivered a shovel-ready project. That is the typical point at which a company is sold. There are no rules, but most miners want to buy something that has a Feasibility Study. Then both sides have a good idea of valuation. In the LI business, there is a lot of supply anxiety out there so a sale could take place anytime soon after any 43-101. FAT is probably looking at March for the maiden resource report.

Anonxmas wrote: This might be a little naive, but I’ll ask anyway.

If FAT had offers on the table, would these offers be discussed at the AGM and therefore become public knowledge?

Part of me would say any offers would have non disclosure clauses etc, but part of me wonders if we may at least get a little more info.

It’s just a thought I’m pondering and wondered if anyone with knowledge on buyout offers and AGM disclosure etc etc could answer for me.

Thanks in advance.