Foremost Clean Energy Ltd. · CSE:FAT
Foremost Clean Energy — Investor Presentation (February 2025)
32 slides from Foremost Clean Energy's investor presentation, Feb 11, 2025
Slide 1: Investing in a Sustainable Clean Energy Future
NASDAQ: FMST CSE: FAT Investing in a Sustainable Clean Energy Future with 10 Optioned Uranium Properties From Our Strategic Partner Denison Mines Winter 2024 www.foremostcleanenergy.com
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation (the “Presentation”) has been prepared by Foremost Clean Energy Ltd. (“Foremost” or the “Company”) solely for the purpose of providing introductory information in respect of Foremost and its business. The contents are not to be reproduced or distributed t
Slide 3: Who Are We?
Foremost Property Location Map WHO ARE WE? Foremost Clean Energy is a rapidly growing North American uranium exploration company dedicated to advancing the clean energy economy. Our projects consist of 10 prospective uranium properties strategically located within the world-renowned Athabasca Basin,
Slide 4: Corporate Overview
CORPORATE OVERVIEW ▪ Extensive Uranium Asset Portfolio: Highly attractive diversified uranium exploration portfolio of shallow and deeper targets with a total of 10 properties spanning over 330,000 acres on 45 claims, with aggressive exploration plans ▪ Proven Mining Jurisdiction and Prolific Uraniu
Slide 5: Foremost and Denison
FOREMOST AND DENISON Where Vision Meets Value Advantageous Position Significant Endorsement Nasdaq Listed: FMST A highly sough-out position provided by This groundbreaking collaboration is set Denison strong trading volume on the Denison to advance underdeveloped to elevate Foremost's market presenc
Slide 6: Denison Mines Overview
DENISON MINES OVERVIEW US$1.95B* Uranium Company (NYSE American: DNN & TSX: DML) Advanced Athabasca Basin Uranium Developer With Unique Asset Mix 2.2M lbs U3O8 +Balance Sheet 95% Interest in Indigenous People the Wheeler River Project In holdings of physical uranium ~CAD$375M in cash, Denison’s firs
Slide 7: Value Creation
VALUE CREATION Systematic Steps to Increasing Shareholder Value Fully Funded $6.5Million allocated for a 2025 exploration program on a diverse portfolio including grassroots to those with significant historical exploration and drilling Exploration and Drilling The most advanced geophysical and geoch
Slide 8: Uranium Market
URANIUM MARKET Uranium Industry Drivers Uranium Demand: The Drivers Green Energy ➢ Increasing clean energy demands ➢ Data centre build-outs and power needs for Nuclear Global Decarbonization & Geopolitical artificial intelligence technology represent a blue- Renaissance Electrification Movement Land
Slide 9: Uranium Market Outlook
Uranium Market Outlook A Future Structural Deficit Looks Imminent Reference Scenario for Uranium Production tU (2) SMR Reactor Growth (1) 3.2% Expected Growth Rate through to 2028 $8.05B Expected Market Existing mines (2)) Size by 2028 2021 Uranium scenario production Mines under development Idled e
Slide 10: Athabasca Basin
ATHABASCA BASIN The Athabasca Basin, located in Northern Saskatchewan, contains some of the world's richest Athabasca Basin The Basin covers uranium deposits and produces ~15% of world’s primary ~100,000 km2 across northern Alberta and uranium supply Saskatchewan Saskatchewan is an established and h
Slide 11: Uranium Deposits in the Basin
URANIUM DEPOSITS IN THE BASIN Digging Deeper for the Next Big Discovery Foremost’s Projects Highlighted within Uranium Deposits vs Depth and Location to Unconformity Uranium Deposit Formation Unconformity deposits are formed between rock layers separated by major erosional break while high- grade ba
Slide 12: Uranium Portfolio
URANIUM PORTFOLIO Path to Prosperity: Where Opportunities Meet Mineralization oremost s ranium roperties Highly Attractive Uranium Portfolio ranium Deposit Current and Past Producing Mines and Mills ollaston Mudjatik ransition one askatchewan ➢ Foremost will hold one of the largest exploration lac w
Slide 13: Eastern Athabasca Region
EASTERN ATHABASCA REGION Key Features Eastern Athabasca Properties encompasses a diversified portfolio at different stages of exploration, with both early staged exploration Athabasca Basin projects through drill permitted – drill ready assets Some exploration features of Basin Uranium deposits incl
Slide 14: Hatchet Lake
HATCHET LAKE Exploration Currently Underway Key Features ➢ Consists of two non-contiguous claim blocks: the Richardson grid, which consists of four claims; and the Hatchet South claim block or (Tuning Fork) which consists of five claims ➢ Shallow depth to unconformity with virtually untested basemen
Slide 15: Murphy Lake South
MURPHY LAKE SOUTH Murphy is Queued Up and Ready to Drill Richardson Key Features ➢ Located proximal to the LaRoque Lake Conductive corridor, which hosts the Hurricane, Alligator, Crocodile and LaRocque Uranium deposits ➢ Relatively shallow depth to unconformity ➢ Virtually untested basement potentia
Slide 16: Blue-Sky Region
BLUE-SKY REGION Alberta Key Features Saskatchewan Athabasca The Blue-Sky projects were staked in October 2023 to cover regional Basin structures / structural corridor(s) ➢ Virtually unexplored portion of the Athabasca Basin ➢ ~251,000 acres / ~102,000 hectares Blackwing ➢ Historic CLK drilling with
Slide 17: CLK
CLK Mineralized Trend Adjacent to Snowbird Tectonic Zone Key Features Stony Rapids ➢ Staked in November 2023 Black Lake ➢ 25,753 acres / 10,422 ha in two claims ➢ Project overlaps the NE edge of the Snowbird Tectonic Zone CLG-D1 Up to 8,600 ppm U ➢ Only two holes drilled to date, both intersected an
Slide 18: Lithium Lane Projects
LITHIUM LANE PROJECTS Zoro, Jean Lake, Peg North and Grass River Properties Morris Lake Niblock Lake Snow Lake Airport Crowduck Bay Roberts Lake Dion Lake Wekusko Lake Lithium Lane Claims Map Jean Lake Property GRC Property Zoro Property Peg North NASDAQ: FMST | CSE: FAT 18
Slide 19: Lithium Lane Projects Key Highlights
LITHIUM LANE PROJECTS Key Highlights Complimentary Assets Drill Program - Zoro Drill Program – Jean Lake ▪ Inferred resource estimate of 1.07 M ▪ 50,000+ acres of lithium projects ▪ 2023 Drill Program on Jean Lake resulted tons at 0.91% Li2O acres across Manitoba and Quebec at in not only lithium bu
Slide 20: Capitalization & Balance Sheet
CAPITALIZATION & BALANCE SHEET NASDAQ:FMST Share Structure TICKERS: CSE:FAT Share Price(1) C$1.50 52-Week Trading Range(1) C$1.36 – C$4.61 Basic Shares Outstanding(2) 10.34M Options(3) 0.47M RSUs(3) 0.22M Warrants(2) 4.64M FD Shares Outstanding(2) 15.67M Market Capitalization (Basic)(1) C$15.51M ~40
Slide 21: Transaction Summary
TRANSACTION SUMMARY Cash Consideration Exploration Interest Phases (C$) Shares Issued Expenditures (C$) Miscellaneous Items Earned (%) 1 ➢ Appointing one director nominated by Denison to Foremost’s Board of Directors immediately on the Effective Date; ➢ Appointing a echnical Advisor at Denison’s ele
Slide 22: Management and Advisors
MANAGEMENT AND ADVISORS Mr. Barnard has over 31 years of Jody Dahrouge Andy Yackulic experience in capital markets, Geoscientific Advisor Geoscientific Advisor Jason Barnard specializing in Canadian junior metals and mining companies. 30 years of global geological Denison’s VP of Exploration, Presid
Slide 23: Board of Directors
BOARD OF DIRECTORS Mr. Mason has 30+ years of Mr. Cates has been the extensive capital market President and CEO of Denison Douglas Mason experience including as an David Cates Mines since 2015 and has significant experience in the officer and on the board of Chair of the Board directors for several
Slide 24: Investment Highlights
INVESTMENT HIGHLIGHTS Extensive Portfolio Athabasca Basin 10 DISTINCT URANIUM PROPERTIES PROVEN MINING JURISDICTION Each with mineralization and identified A known prolific uranium location targets spanning over 330,000 acres producing ~15% of world’s primary prospective area surrounded by high- ura
Slide 25: Pioneering A Clean Energy Future
Pioneering A Clean Energy Future Company Contact Jason Barnard President & CEO Jason.barnard@foremostcleanenergy.com +1 (604) 330-8067 www.foremostcleanenergy.com
Slide 26: Appendix
APPENDIX 10 Projects on 2 Distinct Zones Featuring: Hatchet Lake Wolverine Murphy Lake South Epp Lake Turkey Lake Blackwing Torwalt Lake CLK Marten GR Project Overview on Ten Distinct Properties Spanning 330,000+ Acres in the Athabasca B
Slide 27: Turkey Lake
TURKEY LAKE Underexplored Property with Known Mineralization Under-tested Richardson Key Features Edge of Conductive Strike- Beta length (~9km) Athabasca Basin ➢ One claim totaling 9,363 acres / 3,789 ha ➢ Close to infrastructure ➢ Shallow depth to unconformity (<50 m) Untested flexure in ➢ Property
Slide 28: Torwalt Lake
TORWALT LAKE Surrounded by Uranium Operations McClean Lake Mill Richardson Key Features The Heldeth Túé Beta (Denison (22.5%) Beta ~12.8 Mlbs Torwalt ➢ One claim totaling 2,007 acres / 812 ha Midwest A ~17.5 Mlbs Lake ➢ Well-situated within the infrastructure-rich eastern Athabasca Murphy Lake South
Slide 29: Wolverine
WOLVERINE Existing Mineralization at Shallow Depth Park Creek JV Key Features Richardson (Denison/Cameco) Beta Marten ➢ Three claims totaling 12,444 acres / 5,036 ha Bird Lake ➢ Relatively shallow depth to unconformity (250 m) Murphy Lake South Fault ➢ Covers potential southwestern extension of Bird
Slide 30: Epp Lake
EPP LAKE Underexplored Property with Known Mineralization Key Features Richardson Beta ➢ Two claims totaling 2,138 acres / 865 ha EL-09 ➢ Depth to unconformity is about 800 m extension of C1 Murphy 0.1% USouth Lake conductor trend, which is host to multiple uranium showings 3O8 / 1.1 m east of Epp L
Slide 31: Marten
MARTEN Uranium Mineralization Associated with ~100 m Unconformity Offset North Shore Prospect Key Features DDH 4682-2-79 0.07% U3O8 / 0.9 m ➢ Two claims totaling 12,375 acres / 5,008 hectares in good standing until 2030 ➢ Anomalous, low-grade mineralization in historical drilling (0.07% U3O8 / 0.9 m
Slide 32: Blackwing & GR
BLACKWING & GR Large-Scale Blue-Sky Potential in a Virgin Territory Key Features Blackwing GR and Blackwing Properties ➢ Staked in October 2023 ➢ GR – 194,187 acres / 78,585 ha in 16 claims ➢ Blackwing – 31,203 acres / 12,627 ha in 3 claims ➢ Both projects situated atop regional structures, Black Ba
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