Foremost Lithium Resource & Technology Ltd. is pleased to announce receipt of the phase two of its metallurgical report from XPS Expert Process Solutions, A Glencore Company for Dyke 1 on its Zoro Lithium Property located in the mining friendly province of Manitoba. Final test results confirm The Dense Media Separation and flotation of DMS Middlings together, achieved a global lithium recovery of 81.6% at a spodumene [...]
Foremost Lithium Resource & Technology Ltd. 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 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 [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that the Company has been approved for a $300,000 grant for the second time in just over two years from the Manitoba Mineral Development Fund . The funds will help support and advance the ongoing 2022/23 3,000-meter diamond drill program on its Jean Lake Lithium Project located in the Snow Lake area of the province of Manitoba. The drill targets at the [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce further to its news release of March 31, 2015, that it has entered into an amended property acquisition agreement pursuant to which it has acquired 100% interest of the Little Granite Claims in the Winston Group of Properties Gold/Silver Project. Under the amended terms, Foremost successfully negotiated the final cash payment required to exercise its [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce the first phase is complete from its Zoro Lithium property bulk sampling and metallurgical program to determine whether the Dyke 1 pegmatite can produce a 6% battery-grade lithium concentrate. Test work confirms spodumene-bearing pegmatite from Zoro Dyke 1 is amenable for production. Jason Barnard, Foremost's President and CEO, comments, "I'm extremely [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders , held in Vancouver on Friday, December 02, 2022. All resolutions presented to shareholders were approved apart from the Company's Fixed Performance Unit Plan , which shareholders overwhelmingly rejected with 98.2% voting against. The new Board of Directors acknowledges that [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that it has completed the sale of its 60% interest in the Hidden Lake Project in Yellowknife, NWT for C$3.5 million to Youssa PTY Ltd., an Australian private company. The transaction was completed pursuant to the terms and conditions of the signed and binding term sheet entered between the parties, previously announced on November 07, 2022. The Hidden Lake [...]
Andrew Lyons, current director and CFO of Foremost Lithium Resource & Technology Ltd. announces he is forfeiting his total allocated 3 million unvested Performance Share Units pursuant to the Company's Performance Share Unit Plan. Andrew Lyons will retain his previously awarded and vested 500,000 PSUs. Andrew Lyons Director & CFO Foremost Lithium Resource & Technology Email: andrew.lyons@foremostlithium.com To view the [...]
Highlights The focus of this drill program will be the Beryl Dyke B1 which returned two grab samples assaying 3.89 and 5.17% Li2O, and Beryl Dyke B2 which returned three grab samples assaying 3.81, 4.09 and 4.74% Li2O in addition to linear UAV-assisted magnetic trends overlain by soils with elevated lithium content Compelling targets were developed by integrating results from drone magnetic surveys, prospecting/geological [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that it has signed a binding term sheet with respect to the sale of its 60% interest in the Hidden Lake Project in Yellowknife, NWT for C$3.5 million to an arm's length party. The Company has received a C$100,000 non-refundable deposit in connection with signing the term sheet. The closing of the transaction and receipt of the remaining C$3.4 million of [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that it recently completed a UAV-assisted high-resolution airborne magnetic survey on its "Lithium Lane" Properties near the historic mining town of Snow Lake, west-central Manitoba. Foremost contracted EarthEx Geophysical Solutions Inc. , which flew a total of 7,472.7-line km over the entire 43,031 acre/17,414hectares land package. UAV-Borne Magnetic [...]
Foremost Lithium Resource & Technology Ltd. announces a number of changes to its Performance Share Unit Plan previously adopted on January 17, 2022 , and issued and Performance Share Units outstanding thereunder. As previously disclosed in the Company's Canadian Securities Exchange filings, during the financial year ended March 31, 2022, the Company had previously granted an aggregate of 15,999,996 PSUs to the Company's [...]
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