Lithium

Foremost Lithium

Foremost Lithium

CSE:FAT

Committed to Being a Canadian Supplier of Battery-grade Lithium Hydroxide to the Domestic EV Market

​Company and Industry Highlights

  • Foremost Lithium is ready to accelerate operations at an ideal time when lithium demand will skyrocket thanks to the growing electric vehicle market. A recent report by the IEA states that to meet global net carbon emission goals by 2030, the world will require an additional 50 lithium mines.
  • Lithium carbonate prices have risen from USD $5,000 per ton in July 2020 to USD $70,000 per ton, exactly two years later citing rapid demand with supply shortfalls as the primary price driver --Kwasi Ampofo, BNEF.
  • Foremost hosts a total of six lithium properties: Jean Lake, Peg North, Jol, Grass River, and Zoro, located in Snow Lake, Manitoba, as well as the Hidden Lake property located in the Northwest Territories for a total of 48,322 acres.
  • The Company has increased its land portfolio in Snow Lake Manitoba by nearly 500 percent in the last 12 months, growing from 8,900 acres to over 43,000 acres, and has uncovered 39 spodumene-bearing pegmatite dykes for future exploration and resource potential.
  • Foremost also owns the Winston Gold and Silver Project, located in New Mexico which had sampling results that included 66.5 g/t gold and 4,619 g/t silver. It comprises 2,980 acres and showcases the company’s prudent diversification strategy.
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CEO Interviews
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​​Overview

Lithium supply security has become a top priority for battery suppliers and vehicle manufacturers. Establishing strategic alliances and joint ventures amongst exploration companies continue to be a top priority to ensure a reliable and diversified supply of lithium. As the push for green energy powers on, demand for electric vehicles has risen significantly from 2.1 million units sold in 2020 to 4.5 million the following year, according to LMC Automotive. The electric vehicle market cap exceeded that of the internal combustion engine for the first time in late 2021, hitting C$1.52 trillion compared to C$1.47 trillion. The US government has also announced plans to target a 50 percent electric vehicle sales share by 2030, mirroring similar efforts in other countries

The new “Inflation Reduction Act” passed into law by the US on August 17, 2022 represents the most aggressive action in US history to address climate change concerns. Crucial for critical battery minerals, it implements a $7500 EV credit tax offer. To qualify for this EV tax credit, the critical minerals inside the battery must be at least 40 percent of the value extracted or processed in any country with which the United States has a free trade agreement in effect or be "recycled in North America”, and this value will increase gradually to 80 percent by 2027. In addition, the IRA would prohibit the application of the above tax credit where a vehicle's battery contains "any" critical minerals sourced from countries such as China or Russia or is not an FTA partner.

This law puts Canada in a privileged position and will deepen investment with lithium exploration companies as EV manufacturers and other suppliers scramble to source and secure their critical minerals with an FTA partner. In April 2022, Canada announced its own C$3.8 billion initiative toward a critical minerals strategy. The country is replete with opportunities for lithium mining.

Foremost Lithium Resource & Technology Ltd. (CSE:FAT,OTCQB:FRRSF,FWB:F0R0) is a Canadian hard-rock lithium exploration and development company focused on the production of ethically produced battery-grade lithium hydroxide. The company owns six hard rock lithium projects in Canada each of which is in early phase exploration, however, preliminary geology and initial exploration discoveries suggest significant potential for securing millions of tons of lithium oxide. The objectives of our business activities are to initially target the extraction of lithium oxide (Li2O) from the project sites and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH). Foremost Lithium plans include seeking out strategic partnerships with lithium-battery manufactures or suppliers to fuel the ever-growing global electric vehicle and battery storage market. Together with their Winston Gold/Silver Project in New Mexico U.S. – the company has a diversified portfolio.
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Overview

Lithium supply security has become a top priority for battery suppliers and vehicle manufacturers. Establishing strategic alliances and joint ventures amongst exploration companies continue to be a top priority to ensure a reliable and diversified supply of lithium. As the push for green energy powers on, demand for electric vehicles has risen significantly from 2.1 million units sold in 2020 to 4.5 million the following year, according to LMC Automotive. The electric vehicle market cap exceeded that of the internal combustion engine for the first time in late 2021, hitting C$1.52 trillion compared to C$1.47 trillion. The US government has also announced plans to target a 50 percent electric vehicle sales share by 2030, mirroring similar efforts in other countries

The new “Inflation Reduction Act” passed into law by the US on August 17, 2022 represents the most aggressive action in US history to address climate change concerns. Crucial for critical battery minerals, it implements a $7500 EV credit tax offer. To qualify for this EV tax credit, the critical minerals inside the battery must be at least 40 percent of the value extracted or processed in any country with which the United States has a free trade agreement in effect or be "recycled in North America”, and this value will increase gradually to 80 percent by 2027. In addition, the IRA would prohibit the application of the above tax credit where a vehicle's battery contains "any" critical minerals sourced from countries such as China or Russia or is not an FTA partner.

This law puts Canada in a privileged position and will deepen investment with lithium exploration companies as EV manufacturers and other suppliers scramble to source and secure their critical minerals with an FTA partner. In April 2022, Canada announced its own C$3.8 billion initiative toward a critical minerals strategy. The country is replete with opportunities for lithium mining.

Foremost Lithium Resource & Technology Ltd. (CSE:FAT,OTCQB:FRRSF,FWB:F0R0) is a Canadian hard-rock lithium exploration and development company focused on the production of ethically produced battery-grade lithium hydroxide. The company owns six hard rock lithium projects in Canada each of which is in early phase exploration, however, preliminary geology and initial exploration discoveries suggest significant potential for securing millions of tons of lithium oxide. The objectives of our business activities are to initially target the extraction of lithium oxide (Li2O) from the project sites and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH). Foremost Lithium plans include seeking out strategic partnerships with lithium-battery manufactures or suppliers to fuel the ever-growing global electric vehicle and battery storage market. Together with their Winston Gold/Silver Project in New Mexico U.S. – the company has a diversified portfolio.
Project Location Map

Foremost Lithium is the second largest lithium exploration company in Snow Lake, Manitoba, with a business model that strives to use best-in-class methods to produce lithium in accordance with Canadian mining and exploration standards while reducing environmental impact wherever possible.

Foremost’s Manitoba projects are strategically located at the tip of the NAFTA “superhighway” with easy access to North American battery and EV manufacturing sites Stellantis and LG Chem's LG Energy Solution (LGES) officially announced an over C$5 billion (US$4.1 billion) investment into the creation of a battery gigafactory joint venture in Ontario, Canada, with production expected to start in 2024 i. Foremost’s land position connects with Snow Lake Lithium (NASDAQ:LITM) and 1911 Gold (TSXV: AUMB) and is geographically close to “Auto Alley,” which contains the strategic infrastructure needed to streamline production and logistics

Foremost Lithium currently manages six lithium properties: Hidden Lake in NWT and Zoro, Peg North, Jol, Jean Lake, and Grass River which are adjacent to the mining-friendly town of Snow Lake, Manitoba. Their ground position totals more than 48,300 acres and is ideal for current and future exploration with over 95 percent of the land coverage remaining to be explored. The company is in its early stages of focused and ongoing exploration in Manitoba, with 39 discovered spodumene-lithium bearing pegmatite dykes, and 30 follow-up drill targets with massive upside potential.

Company and Industry Highlights

  • Foremost Lithium is ready to accelerate operations at an ideal time when lithium demand will skyrocket thanks to the growing electric vehicle market. A recent report by the IEA states that to meet global net carbon emission goals by 2030, the world will require an additional 50 lithium mines.
  • Lithium carbonate prices have risen from USD $5,000 per ton in July 2020 to USD $70,000 per ton, exactly two years later citing rapid demand with supply shortfalls as the primary price driver --Kwasi Ampofo, BNEF.
  • Foremost hosts a total of six lithium properties: Jean Lake, Peg North, Jol, Grass River, and Zoro, located in Snow Lake, Manitoba, as well as the Hidden Lake property located in the Northwest Territories for a total of 48,322 acres.
  • The Company has increased its land portfolio in Snow Lake Manitoba by nearly 500 percent in the last 12 months, growing from 8,900 acres to over 43,000 acres, and has uncovered 39 spodumene-bearing pegmatite dykes for future exploration and resource potential.
  • Foremost also owns the Winston Gold and Silver Project, located in New Mexico which had sampling results that included 66.5 g/t gold and 4,619 g/t silver. It comprises 2,980 acres and showcases the company’s prudent diversification strategy.
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Key Projects

Zoro Lithium Project

Zoro Lithium Project

The Zoro lithium project is 20 kilometres east of Snow Lake, has an area of over 8,900 acres and has had over $6.0 million in exploration activity invested to date, leading to the discovery of 16 spodumene-bearing pegmatite dykes from 72 drill holes. Zoro Dyke 1 offers an inferred resource of 1,074,567 tonnes at 0.91 percent lithium. Metallurgical testing on the site also verified a high-grade lithium concentrate of six percent lithium hydroxide that can be extracted using industry-standard methods.

Foremost recently completed drilling ten new lithium targets in April 2022 and highlight assay results include 1.33 percent Li2O on the newly discovered Dyke 16. Airborne drone-assisted geophysical surveys are ongoing, with interpretation projected for late Summer 2022.

Project Highlights:

  • Ideal Environment: In addition to Snow Lake’s mining-friendly history and according to the Fraser Institute, Manitoba’s affinity for mining investment, the area has excellent infrastructure, such as mines, rail, abundant hydro-power and a skilled workforce.
  • Comprehensive Exploration: Prospecting efforts combined with soil geochemical surveys and five diamond drill programs have added up to over C$6.0 million in exploration expenditures and the discovery of 16 new pegmatite dykes.
  • Mobile Metal Ions (MMI) Technology: To augment geophysical surveys in overburden-covered terrain, MMI soil geochemical analysis has pinpointed the geochemical signatures of pegmatite dykes, specifically leading to the drill discovery of Dike 8, a 36.5 metre wide high-grade spodumene-bearing pegmatite dike.
  • Battery-Grade Lithium Hydroxide: Permitted 500 KG metallurgical bulk sample has been sent to SGS to generate 6 percent Li2O spodumene concentrate expected by September, 2022. XPS Labs will then convert the concentrate into battery-grade lithium hydroxide thereby proving the viability to market lithium to strategic partners prior to development.
Plan View, Long Section and Cross Section

It appears that Dyke 3 and Dyke 8 may be connected. Further infield drilling is required to see the potential connection of these two developing dykes and what this signifies for future development.

Dyke 8 (D8) has been intersected by eight holes for a total of 982.5 m.

To date, Dyke 8 has drill indicated dimensions of 120 m in length, 5-15 m in width and has been drilled to a depth of 157 m.

Dyke 3 (D3) has been intercepted by three holes.

D3 remains open in all directions, with unlimited potential indicated by the latest drill results

JEAN LAKE Lithium Project

The 2,500 hectare Jean Lake Lithium-Gold Project, located in the Snow Lake District of Manitoba contains five claims and lies on the eastern portion of the Proterozoic Flin-Flon-Snow Lake greenstone belt of the Canadian Shield, an area known for hosting world-class gold, and gold-rich base-metal deposits and for the development of lithium resources. Jean Lake had remained unexplored since 1942 until Foremost Lithium began exploration efforts in the late Summer of 2021. The Manitoba Mineral Development Fund ("MMDF") provided support with funds by way of a grant of C$300,000, thereby stimulating exploration of the property.

In August 2021, the re-discovery of the historic beryl lithium pegmatite from rock samples from two separate pegmatite dykes along the Beryl Pegmatite Lithium Trend (“BLT”) assayed high-grade lithium. Historic gold exploration on the property had indicated the presence of high-grade gold mineralization. Rock chip sampling between August and September by Foremost Lithium’s prospecting team confirmed the presence of this gold mineralization with assay results of up to 20.9 g/t gold. Of 15 assay samples only one was less than 1 g/t gold. This confirmation of notable gold potential brings significant value to the property in combination with lithium.

JEAN LAKE Lithium Project

Assay Results

Notable Fall 2021 assay results included 3.89 percent and 5.17 percent Li2O

Assay Results

Jean Lake Property Highlights

  • Mining-Friendly Location: The town of Snow Lake is accepting of mining operations, having been an exploration and precious metal production base through its history. This surrounding area is also well-known for gold-rich deposits and lithium resource developments
  • Pre-Existing Infrastructure: Foremost Lithium will have year-round access to property-wide power, airstrip, highway access, and a rail system all within close proximity
  • High-Quality Drill Targets: Trends of drill targets correspond with the locations of the Beryl pegmatites and are on trend with the Sherritt Gordon and Grass River pegmatites on Snow Lake Lithium’s property (immediately north of Jean Lake)
  • Thompson Brothers Lithium Trend: This area has been estimated to host 11,000,000 tonnes of lithium-bearing ore with Li2O concentrates ranging from 0.98 percent to 1 percent It also contains the Snow Lake Resources Sherritt Gordon and Grass River pegmatites. The Jean Lake property is situated directly south of Snow Lake Lithium’s claims which connects known pegmatite dykes and interpreted common lineaments
  • Future Potential: Snow Lake Resources Ltd. claims eight to ten years of potential production totalling 160,000 tonnes per annum of 6 percent lithium concentrate

Current Developments

In early March of 2022, Foremost Lithium contracted EarthEx Geophysical Solutions Inc. ("EarthEx") to perform an Unmanned Aerial Vehicle, ("UAV" or drone) magnetic survey on the property. The technology is utilized to aid with new prospective drill targets by producing high-resolution images, to define the 3D location, shape, size, and distribution of potential spodumene rich pegmatite dykes. The follow-up of the magnetic data, identified 14 high priority structural targets for further exploration in the northern portion of the Jean Lake property. Magnetic interpretation seems to indicate that the Jean Lake Lithium beryl pegmatites, which assayed at 3.89 percent and 5.17 percent Li20, trending along Snow Lake Lithium's high-grade SG and GRP spodumene and GRP pegmatites. In June 2022, Foremost Lithium commenced a target definition program in preparation for an expected diamond drill program in H2 2022.

The Peg North Lithium Project

The Peg North Lithium Project

Foremost Lithium acquired the Peg North Claims in July 2022. The property consists of 16,697 acres or approximately, 26.4 square miles. These 28 claims hosts 5 known pegmatite dykes and extends northeast of the Foremost property, along strikeof the northern extension of the Crowduck Bay Fault, known for its lithium-enriched pegmatite dyke clusters. The Peg North claims cover the northeast extension of The Thompson Brothers Lithium trend.

Foremost Lithium initial exploration plans on the Peg North Claims include:

  • Lidar survey to aid in the prospecting and surveying of the claims
  • UAV-assisted high-definition magnetic survey
  • Mobile Metal Ions soil geochemistry ground-proofing of high-priority magnetic anomalies, to define quality drill targets

Jol Lithium Property

Foremost completed acquisition of this 1 claim, 62-acre land parcel due north from Jean Lake and due west of Zoro in July of 2022. The company plans future exploration for lithium-bearing pegmatites and additional battery metals.

Grass River Claims

Grass River Claims

The Grass River Claims (GRC) span 27 total individual claims and 4,873 acres in the Snow Lake Manitoba mining district. The region was originally a site of mineral exploration for base metal massive sulphides, gold, uranium, and lithium in the 1950s. Today, Foremost Lithium aims to bring modern geophysical and geochemical technologies as well as strong working-capital to the exploration of the GRC. The intention will be to take advantage of these lithium assets and respond to market opportunities promptly to generate significant shareholder value.

Project Highlights:

  • Drilling Potential: Various pegmatites are present in the region, and seven spodumene-bearing pegmatite dykes have been intersected by drilling, with an additional 10 underexplored pegmatites exposed at surface outcrop
  • Promising Geology: These numerous pegmatites trend similarly as The Thompson Brothers lithium deposit which closely follows the trend of the regionally extensive Crowduck Bay Fault and related adjacent faults which are the focus for lithium rich pegmatite dykes and dyke clusters
  • Historical Interest: The office of the Manitoba Mining Recorder hosts assessment reports dating back 60 years that are based on the exploration undertaken in the region by various companies. These cancelled assessment files served as the basis for determining the locations of drill-indicated pegmatites on the GRC.
  • Combining Old and New: Foremost Lithium will drill historic and recently explored targets on the property that demonstrate excellent potential for the discovery of pegmatite-hosted lithium deposits.
  • Favourable Market Conditions: Despite lingering supply deficits, the worldwide demand for lithium is skyrocketing, reaching 641,000 tonnes of lithium carbonate equivalent in 2022 despite a supply of only 636,000 tonnes.

Current Developments

Exploration focus will be ongoing in 2022. Foremost Lithium’s multi-step approach began exploration in the spring of 2022 with prospecting the outcrop areas for pegmatites. LiDAR and geochemical surveys along with drone-assisted magnetic survey, using Mobile Metal Ion technology commenced this summer to aid in defining new drill targets. Data interpretation of results will be completed with assistance from the Company’s geophysical contractors.

Foremost Lithium Exploration Approach

The company follows a scientific exploration approach currently underway at different stages on each of its lithium projects in Snow Lake, Manitoba. The company follows the same methodical steps to ensure the highest probability of successful drill program and to de-risk any targets. These steps include:

  • First pass prospecting of outcrop areas on the claim block focusing on known pegmatites as well as additional lithium-bearing pegmatites
  • EarthEx Drone-Assisted Magnetic Survey. This technology aids the Company by utilizing 3D technology to define the extent and magnetic signature of the spodumene pegmatite dykes and enclosing geologic environment
  • Surficial geochemical surveys including Mobile Metal Ions. (MMI Technology) is utilized to help delineate new targets and is integrated with other geoscientific databases.
  • Ground truthing – boots on the ground, visual reference
  • Determine targets and follow up with drill program
  • Further in-fill drilling; discovery of resource
Foremost Lithium Exploration Approach

Foremost’s Exploration Status of Manitoba Lithium Projects

Foremost\u2019s Exploration Status of Manitoba Lithium Projects

Foremost Lithium’s Manitoba Lithium Project Timelines

Foremost Lithium\u2019s Manitoba Lithium Project Timelines

Hidden Lake Lithium Project

Hidden Lake Lithium Project

The Hidden Lake Lithium Project is located s 45 kilometres northeast of Yellowknife, Northwest Territories and consists of four claims over 4,670 acres. The property is in an ideal location to take advantage of the increased demand for lithium by the renewable energy sector. The Yellowknife Pegmatite District is often considered the largest lithium resource in Canada, boasting at least 55,000,000 US tons at 1.41 percent lithium hydroxide.

Sampled extensively, the Hidden Lake pegmatite dykes are between 275 metres and 790 metres in length with an average lithium concentration of 1.03 percent lithium but with grades of up to 3.3 percent. Foremost Lithium completed an inaugural drilling campaign of ten holes, covering 1,079 metres. All holes intersected significant lithium mineralization Test work achieved extraction of 97 percent using industry standard lithium techniques

Project Highlights

  • Lithium: The property hosts at least 10 spodumene-bearing pegmatite dykes. They range between 275 metres and 790 metres in length with a lithium concentration of 1.03 percent and grades up to 3.3 percent.
  • Efficient Extraction: Using standard industry lithium techniques, test runs have managed to extract 97 percent of the element so far.
  • Accessible: In addition to the Ingraham Trail Highway, the site can be accessed by charter helicopter or float plane.

Winston Gold and Silver Project

Winston Gold and Silver Project

While not part of the lithium market, the Winston Gold and Silver Project exemplifies Foremost Lithium’s flexibility and diversification when it comes to fulfilling shareholder value. Initial sampling shows high-grade findings such as 41.5 g/t gold and 4610 g/t silver, which were later expanded upon.

Project Highlights:

  • Proven Potential: Historic drilling from the 1980s has shown that high-grade ore shoots are possible, making this region a low-risk opportunity.
  • Expanding Claims: As Foremost Lithium boosted its claims from 415 acres to 2,980 acres in the region, sampling rates rose significantly with grades of up to 66.5 g/t gold and 4,619 g/t silver.
  • Additional Mines: The Little Granite Mine and Ivanhoe-Emporia Mines both have shown potential in gold and silver in the past and are within reach of this project.

Management Team

John Gravelle - President, CEO and Director

John Gravelle is a global mining industry leader with over 20 years' experience in advising both domestic and foreign multinational mining clients. Mr. Gravelle has board experience with several TSX main board and venture public mining companies and has current seats on several public listed mining company's boards. He is a retired partner at PricewaterhouseCoopers, an accomplished executive, adept at managing multiple stakeholders, geographies, and lines of business and is uniquely positioned with deep industry knowledge, experience and global network to drive growth while balancing risk for mining companies. He has written numerous articles and presented various mining industry issues around the world.

Pierre-Yves Tenn - Chief Global Officer and Board Member

Pierre holds an MA in International Relations and Diplomacy 20 years of proven experience in the development of international strategies, business, trade, sales, and commerce, both domestically and abroad. His experience includes the promotion of Canadian mining and exploration projects with a focus on accessing Asian investment funds for the development, exploration, and operations of international mining projects. Pierre-Yves was based in China for over a decade, working with Canadian entities to create joint ventures with Chinese private and state-owned enterprises for the advancement of natural resource projects as well as soliciting support from Canadian provincial and federal representatives for the securing off-take agreements and partnership initiatives.

Andrew Lyons - CFO and Board Member

Andrew has over 30 years' experience in program and project management in the public markets, financial and technology sectors. He holds a BSc(CS) and BBA from the University of New Brunswick, an MBA from the University of Ottawa. Andrew is well versed in corporate governance of organizations in the private, public, and non-profit, and has worked with private, public companies and governments, involving scope, budgeting, capital funding, and project management. Andrew brings proven leadership working at C suite senior management level with corporate experience in the mining sector, utilizing his over 35 years experience as an independent consultant.

Mark Fedikow P.Geo - Vice President of Exploration

Dr. Fedikow has over 40 years of experience as an exploration geochemist and a mineral deposits geologist working in both private and public sectors. He is a Fellow at the Association of Applied Geochemists, where he’s previously worked as a councillor. Dr. Fedikow pioneered the application of regional multimedia geochemical and mineralogical surveys in support of base and precious metal and diamond exploration in Manitoba. During his 45-year career he has worked for a variety of junior and major mining exploration and mining companies and for the Manitoba Geological Survey as chief geologist of the mineral deposits Section. In 2001 he received the Provincial Geologists gold medal, a Canadian national award for excellence in the geosciences. He is currently registered as P.Eng. and P.Geo. with Engineers Geoscientists Manitoba (EGM), P.Geo. with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) and as a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG), Westminster, Colorado, U.S.A.

Jason Barnard - Director

Mr. Barnard has over 31 years of capital markets experience. Since 2004, he has been self-employed as a private investor where he has been directly involved in raising over $500 million dollars for mining and exploration companies with a focused expertise on Canadian base metal companies. Mr. Barnard started his career with McDermid St. Laurence Securities in 1991 as a stockbroker with primary focus in mining, and mining exploration companies. Mr. Barnard then worked at Canaccord Genuity from 1997 until 2004. Mr. Barnard holds a Bachelor of Arts degree with a major in Economics from Carlton University and has obtained The Canadian Securities Course license in 1990. He first started working with and financing Foremost Lithium, previously known as Far Resources, with founder, and President Keith Anderson in 2016.

Lindsay Bottomer - P. Geo, Geoscientific Advisor

Lindsay Bottomer is a Vancouver-based geological consultant with over 45 years of experience in international mining exploration and development, most recently focused on epithermal gold and porphyry copper-gold exploration in the American Cordillera and Central Asia. He recently retired from Entree Gold after 10 years as VP Acquisitions/Corporate Development, with major involvement in exploration of the Oyu Tolgoi North and South concessions in Mongolia, leading to discovery of the Hugo North Extension Cu-Au and Heruga Cu-Au-Mo porphyry deposits. He and company founder Keith Anderson conducted the initial site visit to the Winston Gold/Silver project in New Mexico, USA and recognized the potential for high grade silver-gold mineralization in the historic mining camp which had been dormant since the early 1980s.

Victor Cantore - Advisor

Victor Cantore is currently the president, CEO, and director of Amex Exploration. Cantore is a seasoned capital markets professional specializing in the resource and hi-tech sectors. He has more than 20 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, and mergers.

Johnathan A. More - Advisor

Johnathan More brings over 28 years of experience in global capital markets focused primarily on natural resource industries. His distinguished tenure at Canaccord Genuity included many significant achievements and he retired in 2008 as Vice President and Advisor at the Company. Mr. More successfully transitioned from the capital markets to the public company sector where he has been responsible for numerous successful transactions in the Canadian marketplace and continues to identify and create new opportunities. He currently serves as Chairman & CEO of Starr Peak mining Ltd, a Canadian company focused on gold exploration. Mr. More is also Chairman and CEO of Power Metals Corp., a Canadian company focused on Lithium, Cesium and Tantalum exploration.

Michael McLeod - Advisor

Mike McLeod has over 40 years of experience in the corporate financial services industry with a strong network in the capital markets. He has been a long term member of the Canadian Investor Relations Institute and Governance Professionals of Canada. Mr. McLeod has served as a global advisor and counseled many boards of directors and management teams on a wide range of topics including corporate governance, capital markets intelligence, M&A transactions, and shareholder engagement and communications. Mr. McLeod currently serves as a senior director at Morrow Sodali.

Michael Feinstein, PhD - Qualified Person

Dr. Michael Feinstein is an Arizona-based economic geologist and consultant with more than 15 years of experience leading mineral exploration projects for clients in the US, Mexico, and Canada. As founder and primary of MineOro Explorations, he has managed the exploration and evaluation of more than 40 properties. He has significant experience with tertiary volcanics and low-sulphidation epithermal vein systems and has worked in applied field geology, ore deposit genetics, and 3D GIS.

*Disclaimer: This profile is sponsored by Foremost Lithium ( CSE:FAT ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Foremost Lithium in order to help investors learn more about the company. Foremost Lithium is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Foremost Lithium and seek advice from a qualified investment advisor.

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