Foremost Clean Energy commences diamond drill program at Murphy

Foremost Clean Energy (FMST) announced that crews have mobilized to commence an anticipated 8-hole, 2,500m diamond drill at its Murphy Lake South Uranium Property located in the world-renowned Athabasca Basin region of northern Saskatchewan. The Phase 1 fully-funded diamond drill program follows the successful completion of the Company’s ambient noise tomography survey, announced July 21, 2025 which generated a 3D velocity model to optimize drill hole placement to test high-priority target areas at Murphy. A Phase 2 follow-up program can be expected for the 2025/2026 winter drill season program to expand upon any initial exploration results. “The Murphy Lake South drill program will test high-priority targets in a world-class uranium district. This strategic exploration is particularly timely, as recent production cuts from major producers like Cameco are forecast to further tighten uranium supply, highlighting the critical need for new discoveries.” comments Jason Barnard President and CEO of Foremost. “We are excited to build on the results of our ANT survey, which provides a much sharper picture of the subsurface architecture to refine our targeting in the hopes of turning historic anomalies into a uranium discovery. Testing the up-dip potential of the mineralized graphitic structure at drill hole MP17-19 is a compelling opportunity, as it represents a classic setting for unconformity-hosted uranium deposits. By combining modern geophysics with these proven geological controls, we are methodically and systematically evaluating the highest-priority targets and are positioning Foremost for potential meaningful discovery.”