Foremost Lithium Prepares to Drill High-Grade Beryl Pegmatites at Their 100% Owned Jean Lake Lithium Property in Snow Lake, Manitoba

Foremost Lithium Prepares to Drill High-Grade Beryl Pegmatites at Their 100% Owned Jean Lake Lithium Property in Snow Lake, Manitoba

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) (www.foremostlithium.com) ("Foremost Lithium, Foremost or the Company") is pleased to announce that it has commenced preparations for a winter diamond drill program on its 100% owned 2,476 acre1,002 hectare Jean Lake Lithium Property situated in the mine-friendly district of Snow Lake, Manitoba. The drill targets will include the high-grade spodumene-bearing Beryl pegmatite dykes where grab sample assays of 3.89% and 5.17% Li2O were received from pegmatite dyke B1 and 3.81%, 4.09% and 4.74% Li2O from pegmatite dyke B2 in August 2021. Elsewhere on the property coincident drone ("UAV" or Unmanned Aerial Vehicle) magnetic lows with coincident anomalous responses for lithium, cesium, rubidium, and niobium in soil samples analyzed with Mobile Metal Ion Technology (MMI) will be drill tested.

The linear trend of magnetic lows defined on the Jean Lake property by the UAV-borne survey are interpreted as the magnetic signature of the coarse spodumene-bearing Sherritt Gordon #1 and #2 and the Grass River pegmatite dykes currently being explored and developed by Snow Lake Resources Ltd. There are also linear trends of magnetic lows associated with the high-grade Beryl pegmatites which will be drill tested.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4689/140680_a21ad187e426699f_001.jpg

Figure 1 - Magnetic image covering the Jean Lake property. The gap in the image is due to the location of Hydroelectric power lines crossing the property. Location B-1 assayed 3.89% Li2O connects with target 11; and Location B2 (red circle) assayed 5.17% Li2O and connects with target 10

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/4689/140680_a21ad187e426699f_001full.jpg

The UAV-borne magnetic surveys were flown by EarthEx Geophysical Solutions Inc. (Selkirk, Manitoba) with financial support from the Manitoba Mineral Development Fund. MMI analyses were undertaken in the laboratories of SGS Canada Inc. Burnaby (B.C.).

Daniel Card, President of EarthEx Geophysical Solutions Inc., states, "It is encouraging to see the coincidence of high-quality UAV-assisted magnetic responses with geochemical anomalies from the Jean Lake property. The combination of these two datasets makes for compelling drill targets."

The drill program will be staged from a base in Snow Lake with helicopter support from Gogal Air Services. Assay samples from drill core will be shipped to Activation Laboratories ("ACTLABS"; Ancaster, Ontario) for lithium and related element analysis using analytical approach UT-7 after a total sodium peroxide fusion.

Jason Barnard, Director at Foremost states, "The high-grade samples from the Beryl pegmatite dykes of 3.89 and 5.17% Li2O from pegmatite dyke B1 and the samples of 3.81, 4.09 and 4.74% Li2O from pegmatite dyke B2 on our Jean Lake Lithium Property was an exciting development through our exploration program. With continued prospecting including drone assisted airborne geophysics, Foremost is moving into a planned drill program with defined, and de-risked targets. I look forward to our next phase upon commencement of drilling."

Quality Assurance and Quality Control Protocols

Foremost Lithium has established a collection, preparation, and analysis monitoring system that follows industry best practices including quality assurance and quality control programs and formal chain of custody procedures.

Rock samples are described in the field and then reduced to fist-sized fragments or less. After logging drill core are sawn in half with one half of the core retained in the core box. Both rock chips and sawn core are placed into pre-labeled sample bags and stored in sealed and labeled vinyl pails prior to shipping.

Rock and core samples are submitted for sample preparation to Activation Laboratories Ltd. (Actlabs) located in Ancaster, Ontario. Samples are crushed with up to 80% passing 2 mm, riffle split into 250-gram aliquots and pulverized using mild steel to 95% passing 105 microns. Gold is determined by Instrumental Neutron Activation (INAA) with over-range assays by fire assay on a 30-gram sample. For samples with visible gold, analysis is by metallic screen assay. Samples for lithium and related elements are analysed by ICP-MS using Actlabs package "UT-7" after a sodium peroxide fusion. Activation Laboratory's In-house quality assurance and quality control protocols are supplemented by Foremost Lithium's standards, blanks and field duplicate samples which are inserted into the sample stream at regular intervals. These standards comprise approximately 10% of the total number of samples. Accuracy, precision, and contamination are routinely monitored.

Technical information relating to the Jean Lake Property contained in the news release has been approved by Lindsay Bottomer, Q.P., P. Geo, who is a "Qualified Person" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On Behalf of the Board of Directors
Jason Barnard, Director

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world's growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock. As the world transitions towards decarbonization, the company is focused on exploration and growth on its 5 Lithium Lane Projects in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.

Foremost Lithium Resource &Technology Ltd.
Email: info@foremostlithium.com
Phone: +1 (604) 330-8067

Follow us or contact us on social media:

Twitter: @foremostlithium
Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany
Facebook: https://www.facebook.com/ForemostLithium

Forward-Looking Statements

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Company's projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases or decreases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140680

News Provided by Newsfile via QuoteMedia

FAT:CNX
The Conversation (0)
Foremost Lithium Identifies Future Additional Drill Targets and Strategically Extends Claims on Its Manitoba Lithium Projects

Foremost Lithium Identifies Future Additional Drill Targets and Strategically Extends Claims on Its Manitoba Lithium Projects

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost Lithium", "Foremost" or the "Company") is pleased to announce it has identified numerous future exploration targets from a preliminary analysis of UAV-assisted magnetic and LiDAR surveys on its Lithium Lane properties located near Snow Lake, in the mining friendly province of Manitoba. The surveys were flown by EarthEx Geophysical Solutions Inc. (Selkirk, Manitoba) last year and totalled 7,472.7-line km at a flight line azimuth of 070° and a 25 meter flight line spacing.

EarthEx produced 3D magnetic inversion models and advanced 2D data imagery using the high-resolution UAV magnetic data collected from the Lithium Lane properties and these images along with LiDAR imagery provide the basis for an enhanced assessment of lithium pegmatite ground exploration follow-up.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites

Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost Lithium", "Foremost" or the "Company") is pleased to announce it has entered into an arm's length property acquisition agreement (the "Property Agreement") to acquire 100% interest in the Lac Simard South property (the "Property") in the Province of Quebec, Canada, consisting of 120 mining claims covering approximately 20,349 acres8,235 hectares (see "Investment Summary" section for payment details). The Property has 24 pegmatites that were identified from satellite imagery. These pegmatites are located approximately 90km southwest from The NAL Lithium Processing Plant (A PiedmontSayona Joint Venture), which just announced it produced its first batch of spodumene concentrate (SC6)1, and 80km southwest of Val-D'or, a logistics hub for mining services. This acquisition increases Foremost's total lithium land holding to an aggregate of 63,380 acres25,649 hectares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Foremost Lithium Reports 81.6% Recovery Rate in Dense Media Separation Program at Dyke 1, Zoro Lithium Project

Foremost Lithium Reports 81.6% Recovery Rate in Dense Media Separation Program at Dyke 1, Zoro Lithium Project

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost Lithium", "Foremost" or the "Company") is pleased to announce receipt of the phase two of its metallurgical report from XPS Expert Process Solutions, A Glencore Company (XPS) for Dyke 1 on its Zoro Lithium Property located in the mining friendly province of Manitoba. Final test results confirm The Dense Media Separation ("DMS") and flotation of DMS Middlings together, achieved a global lithium recovery of 81.6% at a spodumene concentrate grade of 5.88% Li2O. Pyrometallurgical and hydrometallurgical testing on the DMS spodumene concentrate have shown that the final product is amenable to a flowsheet, capable of producing both battery grade lithium products, Lithium Carbonate (Li2CO3) and Lithium Hydroxide (LiOH).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Foremost Lithium Resource & Technology Announces Participation in Red Cloud's 2023 Pre-PDAC Mining Showcase

Foremost Lithium Resource & Technology Announces Participation in Red Cloud's 2023 Pre-PDAC Mining Showcase

Foremost Lithium Resource & Technology (CSE: FAT) is pleased to announce that the Company will be presenting at Red Cloud's Pre-PDAC 2023 Mining Showcase. We invite our shareholders and all interested parties to join us.

The annual conference will take place in-person at the Sheraton Centre Toronto Hotel from March 2-3, 2023.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Foremost Lithium Announces Termination of the PSU Plan

Foremost Lithium Announces Termination of the PSU Plan

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost Lithium", "Foremost" or the "Company") As previously disclosed, on January 17, 2022 the Company adopted a performance and restricted share unit plan, which was subsequently amended on September 7, 2022, (the "PSU Plan"). The terms of the PSU Plan required that the Plan be submitted to shareholders for ratification and approval within three years of its implementation and thereafter within three years after the anniversary of the immediately preceding shareholder approval. At the Company's ASGM held on December 02, 2022, (the "Meeting") the shareholders voted against ratification of the PSU Plan, with 98.2% shares voted at the Meeting cast against the motion to approve.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") announces its intention to complete a flow-through non-brokered private placement to raise gross proceeds of up to $150,000 (the "FT Offering"). The Company will also complete a Hard Dollar Private Placement to raise gross proceeds of up to $50,000 (the "Hard Dollar Offering").

Securities to be issued pursuant to the FT Offering shall consist of an amount of up to 3,000,000 units of the Company (the "FT Units") issued at a price of $0.05 per FT Unit, each FT Unit being comprised of one common share in the capital of the Company (each a "FT Share") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), and one-half Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the FT Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
E-Power Starts the 2025 Exploration Campaign at Tetepisca

E-Power Starts the 2025 Exploration Campaign at Tetepisca

E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") is pleased to announce the start of the 2025 exploration program on the Tetepisca Flake Graphite Property located approximately 220 kilometres north of the Port of Baie Comeau in the North Shore Region of Quebec.

Phase 1 of the 2025 exploration program will focus on Graphi-Centre, the highest priority target area on the Tetepisca Property and on the northern claims where prospecting and sampling during the 2024 exploration program resulted in several high grade graphite discoveries.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing

Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to announce that it plans to enter into an agreement with A.G.P. Canada Investments ULC (" A.G.P. Canada ") to act as sole underwriter and bookrunner for the Company in connection with a bought deal private placement financing of 5,882,374 units (each, a " Unit ") at a price of CAD $0.85 per Unit for aggregate gross proceeds of approximately CAD $5,000,000(the " Offering ").  Each Unit to be placed in the Offering is expected to be comprised of one common share and one common share purchase warrant, with each warrant being exercisable into one common share of the Company at a price of CAD $1.05 per share for a period of four (4) years from the date of issuance. A.G.P.Alliance Global Partners plans to act as sole U.S. placement agent for the Offering. It is currently anticipated that the Offering will close on or about Friday, June 13, 2025, or such other date as agreed to by the Company and A.G.P. Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, "Stacked Dyke" area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option

Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that, further to its news release dated June 9, 2025, the order book for the Company's previously announced upsized private placement (the "Offering"), is closed with orders totaling C$15.5 million. The Offering is over-subscribed and includes the full exercise of the agents' option. Although orders in excess of C$15.5 million were received in connection with the Offering, in keeping with the previously announced upsize, the Company and agents have elected to limit the order book to a total amount of C$15.5 million.

Red Cloud Securities Inc., as lead agent and sole bookrunner, together with Raymond James Ltd., are acting as agents in connection with the Offering, which was originally announced for aggregate gross proceeds of up to C$10.0 million on June 3, 2025 and then subsequently upsized due to strong investor demand.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million

Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES /

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (" Ucore " or the " Company ") is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement (the " Marketed Offering ") from aggregate gross proceeds of up to C$10.0 million to aggregate gross proceeds of up to C$14.0 million . The upsized Marketed Offering is comprised of the sale of up to 11,666,667 units of the Company (the " Units ") at a price of C$1.20 per Unit (the " Offering Price "). Each Unit will consist of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Common Share (a " Warrant Share ") at any time on or before the date which is 36 months following the Closing Date (as herein defined) at an exercise price of C$1.75 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×