Foremost Clean Energy announces $4.5M in warrant, option exercises

Foremost Clean Energy (FMST) announced a significant strengthening of its financial position and the continuation of its strategic national marketing initiative. As a result of recent exercises of warrants and options by warrant holders and insiders, the treasury has been bolstered by over $4.5M. This substantial increase in capital provides a solid foundation for Foremost to continue executing its strategic initiatives. Building on the success of its initial launch, Foremost is also extending its multi-platform investor awareness and marketing campaign and its partnership with LFG Equities. This comprehensive initiative was designed to educate millions of North American retail and institutional investors on Foremost’s unique position within the clean energy landscape. The campaign will continue to articulate the critical role of base load nuclear energy in the clean energy transition which is expected to drive increased uranium demand. It also will highlight Canada’s strategic advantage in the secure critical mineral supply chain and Foremost’s position as one of the only Nasdaq-listed Athabasca Basin pure-plays with Denison Mines and its unique collaboration. The services provided by LFG will include digital marketing with display ads, SEO search optimization, SMS and newsletter campaigns, social media amplification, paid influencer engagement, and YouTube content creation. The extended campaign will run from June 16, until December 31, for $250,000 per month plus GST and may be canceled with 5 days’ notice without penalty. The agreement shall continue on a month-to-month basis unless terminated by either party with a 14-day written notice.