Foremost Clean Energy Appoints Seasoned Mining Executive Peter Espig to Board of Directors

About this update from Nicola Mining Inc.

[{"type":"text","content":"Foremost Clean Energy Appoints Seasoned Mining Executive Peter Espig to Board of Directors\n\n\n\n VANCOUVER, British Columbia, Oct. 27, 2025 (GLOBE NEWSWIRE) --\n \n Foremost Clean Energy Ltd\n \n\n .\n \n (\n \n NASDAQ: FMST\n \n ) (\n \n CSE: FAT\n \n ) (\"\n \n\n Foremost\n \n\n \" or the \"\n \n Company\n \n \"), is pleased to announce the appointment of Peter Espig to its Board of Directors, effective immediately. Mr. Espig, who was recognized in Industry Era’s “Top 10 Admired Leaders of 2023\n \n 1\n \n ”, brings to the Board his experience in, and insights into, guiding a resource company through all stages of development to production. .\n \n\n “\n \n We welcome Peter to the Foremost board\n \n ,” said Jason Barnard, CEO and President of Foremost Clean Energy. “\n \n His experience will be instrumental in steering Foremost as it advances its portfolio of clean energy and critical mineral projects. His insight will be important as we develop our asset base and position Foremost in the clean energy sector.\n \n\n We are also pleased to have recently appointed Harpreet Bajaj, with her extensive background in TSX Venture compliance and corporate governance, as an officer of the Company.\n \n\n These strategic additions to our team significantly strengthen our capabilities as we execute on our near-term operational and corporate goals.\n \n ”\n \n\n Mr. Espig commented, “\n \n Foremost is a special company, bolstered by solid management and holding exciting uranium and lithium assets, both of which are critical minerals and important to our Canadian economy. I feel that its Athabasca Basin location, relationship with Denison, NASDAQ listing, and motivated team confluence towards an exciting opportunity that provides significant upside\n \n .”\n \n\n As President and CEO of Nicola Mining Inc. (TSX.V:\n \n NIM\n \n ), Mr. Espig led that company out of creditor protection and transformed it into a cash-flowing operation. Under his 12 years of leadership, Nicola’s market capitalization has grown over thirty-fold. Mr. Espig served as Vice-President at Goldman Sachs Japan in the Principal Finance and Securitization Group, where his team participated in more than $10 billion in structured deals and cross-border transactions. Mr. Espig has also been involved in ov...

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