Foremost Clean Energy Ltd. announced that shareholders approved all matters presented at its annual general meeting held on Dec. 16, 2025. The voting results confirmed support for management's recommendations across several key corporate governance and operational items. Shareholders approved fixing the number of directors at six and elected Jason Barnard, Douglas L. Mason, Andrew Lyons, David Cates, Amanda Willett, and Peter Espig to serve until the next annual meeting. The company also received shareholder approval for the appointment of Davidson & Company LLP as auditors for the ensuing year and for the company's amended and restated stock incentive plan.
The company, which trades on NASDAQ as FMST and on the CSE as FAT, is a North American uranium and lithium exploration company with significant holdings in key resource regions. Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the uranium-rich Athabasca Basin region of northern Saskatchewan, with the exception of the Hatchet Lake property where Foremost can earn up to 51% interest. As demand for carbon-free energy continues to grow, domestically mined uranium and lithium are positioned for expansion, playing an important role in the future of clean energy.
Foremost's uranium projects range from grassroots exploration to properties with significant historical exploration and drill-ready targets. The company's mission involves making significant discoveries alongside and in collaboration with Denison through systematic exploration programs. In addition to its uranium portfolio, Foremost maintains lithium projects across more than 55,000 acres in Manitoba and Quebec, with these projects at varying stages of development. The company's latest news and updates relating to FMST are available in the company's newsroom at http://ibn.fm/FMST.
The annual meeting results come as Foremost continues to develop its exploration portfolio in strategic clean energy minerals. The shareholder approvals provide the company with continued governance stability as it advances its exploration programs in both uranium and lithium, two minerals critical to the transition toward cleaner energy sources globally. This corporate endorsement occurs amid increasing recognition that secure domestic supplies of these minerals are essential for energy security and decarbonization efforts. The approval of directors, auditors, and incentive plans establishes a framework for sustained operational focus during a period of heightened demand for clean energy resources.
