Foremost Clean Energy Ltd. has received a three-year exploration permit from the Saskatchewan Ministry of Environment for its Turkey Lake uranium project, authorizing up to 75 drill holes and related fieldwork through December 31, 2028. This permit marks a significant step forward for the company's exploration activities in the uranium-rich Athabasca Basin region, where it holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres. The company announced that a ground-based gravity survey by MWH Geo Survey will begin in December to refine targets ahead of a planned 2026 drill program, following historic uranium intercepts by industry leaders Cameco and Denison along the underexplored 10-kilometer conductive corridor where the Turkey Lake project is located.
The permit approval comes at a time when global interest in domestic uranium production is increasing as countries seek to secure supply chains for nuclear energy. The Athabasca Basin is recognized as one of the world's most productive uranium regions, hosting high-grade deposits that have made Canada a leading uranium producer. Foremost's exploration activities at Turkey Lake represent the next phase of discovery potential in this geologically favorable area, with the company's mission focused on making significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs. As the demand for carbon-free energy continues to accelerate, domestically mined uranium is poised for dynamic growth, playing an important role in the future of clean energy.
Foremost also maintains a portfolio of lithium projects at varying stages of development across 55,000+ acres in Manitoba and Quebec, positioning the company across multiple critical minerals essential for the clean energy transition. The full press release can be viewed at https://ibn.fm/qoIVC. More information about InvestorWire's services is available at https://www.InvestorWire.com. Full terms of use and disclaimers applicable to all content provided by InvestorWire can be found at https://www.InvestorWire.com/Disclaimer.
