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 [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that it has commenced preparations for a winter diamond drill program on its 100% owned 2,476 acre/1,002 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 [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce the appointment of Foremost's largest shareholder, Jason Barnard to the Company's Board of Directors . Mr. Barnard has over 31 years of capital markets experience. Since 2004, he has been self-employed as a private investor where he has been directly involved in raising over $500 million dollars for mining and exploration companies with a focused expertise [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce the addition of Johnathan A. More and Michael McLeod to the Company's Advisory Board. Johnathan More brings over 28 years of experience in global capital markets focused primarily on natural resource industries. His distinguished tenure at Canaccord Genuity included many significant achievements and he retired in 2008 as Vice President and Advisor at the [...]
Foremost Lithium Resource & Technology Ltd. announces that it has granted incentive stock options to a consultant of the Company to purchase an aggregate of 1,000,000 common shares of the Company at an exercise price of $0.255 per common share expiring three years from the date of grant. The stock options are granted in accordance with the Company's Stock Option Plan, which was approved by the shareholders at the [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce the exercise of an aggregate of 8,057,778 previously issued common share purchase warrants of the Company in two tranches at exercise prices of $0.075 and $0.10 per Warrant for aggregate gross proceeds of $738,556 to the treasury by the Company's largest shareholders, Jason and Christina Barnard, within the last four weeks. Each Warrant was exercisable [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce that it will issue 335,235 common shares and has paid $50,000 in cash in satisfaction of its first anniversary option payment pursuant to the Company's option agreement with Mount Morgan Resources Ltd. to acquire a 100% interest in its Jean Lake lithium-gold project. The 1002 hectare Jean Lake Gold- Lithium project is located 570 km north of Winnipeg and [...]
Foremost Lithium Resource & Technology Ltd. is pleased to announce it has received assay results from core samples collected from its previously announced ten-hole 1,509 metre drill program on its 100 percent owned Zoro Lithium Project located near the historic mining district of Snow Lake, Manitoba. As disclosed in Table 1, below, highlight assay results include 1.33% Li2O on the newly discovered Dyke 16. The program [...]
Foremost Lithium Resource & Technology Ltd. has completed its previously announced non-brokered private placement of 4,887,668 flow through common shares of the Company at a price a price of $0.34 per FT Share for aggregate gross proceeds of C$1,661,807 . John Gravelle, Foremost Lithium's CEO and President, comments, "I am very pleased to announce this strategic financing to continue our exploration efforts on our [...]
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