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Foremost Clean Energy Announces Commencement of Inaugural Drill Program at the Turkey Lake Property

Globe Newswire•02/11/2026•07:30 ET
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Key Highlights

  • ➤1,000-metre drill program begins across approximately four Turkey Lake target areas
  • ➤Turkey Lake hosts more than 10 kilometres of underexplored conductive strike length
  • ➤Historical drilling intersected 0.16% U₃O₈ over 0.6 metres in hole TUR-4
  • ➤Historical drilling intersected 0.12% U₃O₈ over 0.5 metres in hole TL-10-13
  • ➤Denison transaction could raise Foremost’s interest to up to 70% in eight uranium properties

Expert Statements

Cameron MacKay, Vice President of Exploration, Foremost Clean Energy Ltd.

“Turkey Lake is an example of the depth of Foremost’s exploration portfolio. The property has multiple attractive target areas and through our review of historical exploration carried out by Denison and the integration of the new gravity survey completed by Foremost, we have generated several priority targets for drill testing. The value of the gravity survey is in how it helps us distinguish targets along a long conductive corridor. We prioritized locations where gravity lows coincide with conductors and/or interpreted structural features and then used the historical drilling to provide valuable geological context to plan our specific drill targets. The program is intended to test whether these features reflect alteration and structures capable of hosting uranium mineralization, which could occur both near the shallow unconformity and within the basement. Given Turkey Lake’s location straddling the margin of the Athabasca Basin, the targets are also relatively shallow, which allows for multiple targets to be tested with relatively few metres of drilling.”

VANCOUVER, British Columbia, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announce that it has commenced its first diamond drill program on the Turkey Lake Uranium Project (“Turkey Lake”) in northern Saskatchewan (Figure 1). The program is intended to test priority targets identified by integrating a ground gravity survey completed in January 2026 with historical drilling, electromagnetic, magnetic, and geological data.

Highlights * Historical uranium intersections highlight the potential of the Turkey Lake property and provide a foundation for additional exploration. * The property has more than 10 kilometres of underexplored conductive strike length, with priority targets refined by a ground gravity survey completed in January 2026. * Given the shallow depths (<50 metres of sandstone cover) to most exploration targets on the property, multiple targets can be tested with relatively few metres drilled – a 1,000 metre drill program is planned to test approximately four target areas. Cameron MacKay, P.Geo., Vice President of Exploration for Foremost, commented: “Turkey Lake is an example of the depth of Foremost’s exploration portfolio. The property has multiple attractive target areas and through our review of historical exploration carried out by Denison and the integration of the new gravity survey completed by Foremost, we have generated several priority targets for drill testing.

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