financetom
Business
financetom
/
Business
/
Foremost Clean Energy Advances Murphy Lake South Uranium Project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Foremost Clean Energy Advances Murphy Lake South Uranium Project
Jul 21, 2025 5:48 AM

08:30 AM EDT, 07/21/2025 (MT Newswires) -- Foremost Clean Energy ( FMST ) on Monday said it hired Caur Technologies to conduct an ambient noise tomography survey on its Murphy Lake South Uranium Property located in the Athabasca Basin region of northern Saskatchewan.

The company said that the ambient noise tomography (ANT) survey is designed to refine targets along a "notable trend" of stacked graphitic conductors associated with known unconformity offsets south of MP-15-03. It also aims to generate new targets along east-west and northeast trending structural corridors defined by magnetics and EM, which are largely untested by historical drilling.

The ANT survey, scheduled to begin this week, is expected to produce a three-dimensional seismic velocity model of the subsurface by measuring natural background vibrations.

The phase 1 diamond drilling program is expected to start upon the completion of the ANT survey in August, testing targets within 200-350 meters of surface. A phase 2 2026 winter program is planned to expand on successful results and test additional conductive trends best accessed via lakes.

"Recent ANT surveys across the basin have successfully mapped alteration halos extending 1-2 km, with velocity anomalies correlating to known mineralization at deposits like IsoEnergy's Hurricane," said Foremost Clean Energy's ( FMST ) President and Chief Executive Officer, Jason Barnard. "With drilling commencing post-survey, ANT sharpens our targeting and adds confidence as we test Murphy's most prospective zones."

In U.S. pre-market trading, Foremost Clean Energy ( FMST ) was last seen up 4.5% to $2.5286.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved