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Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

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

Bullboard Posts
Comment by goldbug83on Apr 16, 2019 5:19am
102 Views
Post# 29631569

RE:RE:RE:RE:RE:5 months later...

RE:RE:RE:RE:RE:5 months later...If you knew the requirements for a current NI 43-101 then you know they can't use the histroical drill holes because they are too old to be included. Therefore there wasn't as many holes to use in creating a 3D model and calculating area tonnage. Dyke 1 was the ONLY dyke used for the 43-101 and Dyke 1 is still open at depth. We have Dyke 8 that looks very promising, and oh yeah, a total of 13 Dykes discovered so far! This area is rich in clusters spread out over FAT and NVA's (Snow Lake Resources) land holdings.

We have had to stretch out funds in a challenging lithium market but once people realize the investment needed today in junior battery metals resources companies to supply the demand for batteries cells in the future (5-10 years from now). Whether it's for computers, cell phones, EVs, Buses, Semis, Delivery fleets, Ferries, Planes, Building energy storage, Grid power storage the demand will be huge. This is the beginning stages of the transfer away from fossile fuels. The goal is once we securing funding we then do an aggressive drill campaign and really show how large the clusters form over this land and keep adding tonnage to the NI 43-101 dyke by dyke. FAT is just at the beginning, they have a lot to proove, but based on how many Dykes they have found so far, it's a risk I'm willing to take.
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