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 >
Europe's AI poster child Klarna taps the brakes on chatbots
Europe's AI poster child Klarna taps the brakes on chatbots
Sep 10, 2025
By Supantha Mukherjee and Echo Wang STOCKHOLM/NEW YORK (Reuters) -After becoming one of the early adopters in Europe of artificial intelligence, Klarna CEO Sebastian Siemiatkowski says the lender may have gone too far in using the technology to cut costs at the expense of service and product improvement.   Global companies are racing to harness AI to help them improve efficiency,...
Lennar Expected to Miss Earnings Estimates for Fiscal Q3, Oppenheimer Says
Lennar Expected to Miss Earnings Estimates for Fiscal Q3, Oppenheimer Says
Sep 10, 2025
11:32 AM EDT, 09/10/2025 (MT Newswires) -- Lennar ( LEN ) is expected to miss earnings estimates for fiscal Q3, with EPS projected at $2.04 versus the Street's estimate of $2.12 amid weaker demand and higher incentives, Oppenheimer said in a note Wednesday. Q4 guidance may be stronger, as the company could benefit from lower mortgage rates and better cost...
EU is unlikely to hike tariffs on India, China at Trump's request
EU is unlikely to hike tariffs on India, China at Trump's request
Sep 10, 2025
BRUSSELS (Reuters) -The European Union is very unlikely to impose crippling tariffs on India or China, the main buyers of Russian oil, as U.S. President Donald Trump has urged the bloc to do, EU sources said. An EU delegation, including the EU's Russia sanctions chief, flew to Washington this week to discuss how the two sides can coordinate on sanctions...
Trump Media Pushes Into Finance With 'America First' ETF Lineup
Trump Media Pushes Into Finance With 'America First' ETF Lineup
Sep 10, 2025
Trump Media & Technology Group Corp. ( DJT ) announced Wednesday that its fintech arm and streaming division are moving deeper into financial products with the filing of five new exchange-traded funds ETFs built around “America First” themes. The ETFs reflect a broader push to expand beyond social media and digital assets. The filing with the U.S. Securities and Exchange...
Copyright 2023-2026 - www.financetom.com All Rights Reserved