Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT), an emerging North American uranium and lithium exploration company, today announced that its Annual General and Special Meeting of shareholders will be held on December 9, 2024, at 11 a.m. (Vancouver time). At the meeting, shareholders of record on November 6, 2024, will vote on, among other things, the proposed spin-out of the Winston Group of Gold and Silver Properties pursuant to a statutory plan of arrangement outlined in the Business Corporations Act (British Columbia). The announcement noted that under the arrangement, the properties will be transferred to a newly incorporated company, Rio Grande Resources Ltd., with Foremost shareholders as of the date of the meeting exchanging one outstanding common share of Foremost for one new Foremost common share and two common shares of Rio Grande.
“Having a new focused and dedicated team work on Winston will enable us to unlock value for our gold/silver assets. This will be a tremendous win for our shareholders, giving each an equity interest in a new public company at no additional cost to them,” Foremost President and CEO Jason Barnard.
To view the full press release, visit https://ibn.fm/qMLDe
About Foremost Clean Energy Ltd.
Foremost Clean Energy, assuming the effectiveness of the transaction, will be an emerging North American uranium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. As global demand for decarbonization accelerates, the need for nuclear power is crucial. Foremost expects to be positioned to capitalize on the growing demand for uranium through discovery in a top jurisdiction with the objective to support the world’s energy-transition goals. Alongside its exploration partner Denison, Foremost will be committed to a strategic and disciplined exploration strategy to identify resources by testing drill–ready targets with identified mineralization along strike of recent major discoveries. Foremost also maintains a secondary portfolio of significant lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. For more information about the company, visit www.ForemostCleanEnergy.com.
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