Foremost Clean Energy Launches Gravity Survey at Hatchet Lake Uranium Property to Guide 2026 Drilling

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has announced the launch of a ground-based gravity survey at its Hatchet Lake Uranium Property in the eastern Athabasca Basin of northern Saskatchewan. The survey, scheduled to begin in December and conducted by MWH Geo Survey, represents a critical step in the company's exploration strategy as global demand for carbon-free nuclear energy continues to accelerate.

The program will focus on the southern extent of the Richardson Trend, aiming to refine subsurface interpretations, map density contrasts, and identify potential zones of hydrothermal alteration associated with uranium-bearing structures. These geological features are essential indicators for uranium mineralization in the Athabasca Basin, which hosts some of the world's highest-grade uranium deposits. The survey results are expected to directly inform the company's planned winter 2026 drill program, making this initial data collection phase fundamental to future exploration success.

This development is significant as it underscores the strategic importance of domestic uranium exploration in North America. As nations worldwide seek to reduce carbon emissions and transition to cleaner energy sources, nuclear power has regained prominence as a reliable, low-carbon baseload electricity provider. The Athabasca Basin region of northern Saskatchewan is particularly crucial, containing approximately 15% of the world's uranium reserves. Successful exploration in this area could contribute to securing North American uranium supply chains, reducing dependence on foreign sources, and supporting energy security objectives.

Foremost Clean Energy holds an option to earn up to a 51% interest in the Hatchet Lake property, which is part of a larger portfolio of 10 prospective uranium properties spanning over 330,000 acres in the Athabasca Basin. The company's latest news and updates are available in its newsroom at http://ibn.fm/FMST. The full press release detailing the gravity survey announcement can be viewed at https://ibn.fm/lEXz4.

The timing of this exploration initiative coincides with increasing market recognition of uranium's role in the clean energy transition. With uranium prices showing renewed strength after years of stagnation, companies like Foremost Clean Energy are positioning themselves to capitalize on what many analysts believe could be a sustained bull market for the nuclear fuel. The gravity survey represents a methodical, data-driven approach to exploration that could potentially lead to significant discoveries in one of the world's most prospective uranium regions.

For investors and industry observers, the Hatchet Lake survey serves as an indicator of renewed exploration activity in the Athabasca Basin following years of reduced investment. As more countries include nuclear energy in their climate change mitigation strategies, the demand for domestically sourced uranium is expected to grow, making successful exploration in jurisdictions like Saskatchewan increasingly valuable. The results of this gravity survey will provide important geological data that could influence not only Foremost Clean Energy's drilling plans but also broader understanding of the Richardson Trend's mineralization potential.