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FOREMOST CLEAN ENERGY LTD.
US NASDAQ SYMBOL: FMST
Canada Symbol: FAT
Last Price: 3.06 | Website | Latest News
The Following has been disseminated on behalf of
Foremost Clean Energy Ltd
As we watch ATLX continue to trend upwards, we need to take a slight detour and circle back to yet another Past Winner...
This is an energy play with IMMENSE Potential as it climbs back into a Bullish Trend. Could this be our next big potential LOW FLOAT BREAKOUT play?
WE ARE ISSUING AN IMMEDIATE ALERT ON FMST FOR TOMORROW!
Foremost Clean Energy Ltd. (NASDAQ: FMST) is a rapidly growing North American uranium and lithium exploration company.
FMST holds an option from Denison Mines Corp. to earn up to a 70% interest in 10 prospective uranium properties (with the exception of the Hatchet Lake, where Foremost is able to earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan, Canada.
As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, FMST is playing an important role in the future of clean energy.
FMST's uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. The Company’s mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.
FMST also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec.
Global uranium demand is poised to accelerate at breakneck speed and here’s why this isn’t just a rally—it’s a generational shift:
1. U.S. Nuclear Supercharge
- Trump’s orders quadruple U.S. capacity to 400 GW by 2050—requiring 2.5x more uranium than today’s entire global supply.
- The Defense Production Act now treats uranium as national-security infrastructure, prioritizing contracts with allies like Canada (supplying 25% of U.S. uranium)
2. AI & Tech Giants Going Nuclear
- Microsoft already signed a deal to power AI data centers with SMRs. Google and Amazon are bidding for uranium contracts.
- Why? AI’s insatiable power needs (a single data center = 1 nuclear reactor’s output). Renewables can’t keep up—only uranium delivers 24/7 zero-carbon power.
3. Supply Crunch Goes Critical
- 30 nations pledged to triple nuclear capacity by 2050, but uranium mines take 10+ years to permit.
- Uranium prices are poised to surge—with 400%+ nuclear capacity growth targeted by 2050, but mine permits taking 10+ years. Today’s $75/lb look laughably cheap, as analysts project $150+/lb by 2026 to balance the market
SINCE WE LAST COVERED FMST...
FMST has definitely been busy this past Summer!
Most recently and critically, FMST announced that they have issued shares to Denison Mines Corp - a NYSE-traded powerhouse under the symbol NYSE: DNN. This strengthen's FMST's treasury by over $1 MIL!
"Having a strategic ally of Denison's caliber exercise its participation rights is a strong validation of our shared vision and the prospective nature of our assets. This additional capital strengthens our treasury at an ideal time, enabling us to continue executing our planned exploration. Our primary focus remains on advancing our Athabasca Basin portfolio and delivering on our operational objectives for the year.” - Jason Barnard, President & CEO of Foremost
On the operations side of the equation...
FMST also announced the commencement of a 2500m Diamond Drill Program at it's Murphy Lake South Uranium property in Saskatchewan. Crews have been mobilized and the company will test high priority targets for world-class uranium.
This comes after the company already announced positive Radon survey results from another property - the Wolverine Uranium Property - also in Saskatchewan.
Jason Barnard, President and CEO states "These survey results provide strong evidence that the interpreted structures at Wolverine are associated with elevated radon anomalies which may suggest the presence of subsurface uranium. This strengthens our confidence that the property has the right geological setting to host high-grade unconformity-style uranium mineralization. We look forward to advancing Wolverine, which looks like another highly promising project to the ten-project portfolio we have optioned from Denison Mines. We are eager to advance our understanding of this site and systematically unlock any significant mineral potential.”
And lastly in July, FMST strengthened their portfolio this Summer with 100% Acquisition of the 2476-acre Jean Lake Lithium-Gold Project in Manitoba’s Snow Lake District.
"With gold achieving historic price highs, our Jean Lake property provides exceptional leverage and optionality with its demonstrated high-grade gold mineralization and confirmation of lithium mineralization."
FMST READY TO BURST OUT OF THIS BULL TREND?
There's no doubt that FMST has been one of the top performing NASDAQ stocks of the year. From a mere .60 in April to highs of $5.74 this month - that's over 856% GAINS!
Now with a healthy retrace from its epic Bull run, FMST has built a solid uptrend, highlighted by the Bullish Channel we noted below in the chart.
With a healthy dose of BIG News recently, could FMST finally be ready to take things to the next level and BURST out of its Bullish Channel back to past highs and beyond?
In addition, FMST's chart recently saw a very rare Technical Event known as the GOLDEN CROSS. Considered the pinnacle of Technical Indicators - a cross of the 50 Day Moving Average through the 200 Day could indicate an extended rally!
Could an 87%+ Bull run back to All-Time highs and beyond be in the cards next?
Keep in mind, Barchart.com currently rates FMST an 88% BUY while the Wall Street Journal currently has a PRICE TARGET OF $7.34. That's over 139% UPSIDE from here!!!
And let's not forget, FMST only has 9.54 MIL shares in its super LOW FLOAT which means this could move FAST...
THE BOTTOM LINE
With a healthy dose of major recent news and operating in a very consequential market right now of Uranium and Lithium, it's no surprise FMST has performed as well as it has in the last few months!
And now with this current pullback, traders may finally have a potential opportunity at another leg of this Bull Run!
So could FMST finally be ready to BURST out of its solid Bullish Trend back to past highs?
Make sure you put FMST on your screen RIGHT NOW and
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