09:35 AM EDT, 05/27/2025 (MT Newswires) -- Foremost Clean Energy ( FMST ) , a North American uranium and lithium exploration company, on Tuesday said it received written notice from Nasdaq on May 23 saying the company had regained compliance with the exchange's rules that require listed companies maintain a minimum bid price of US$1.00 per share.

The company's common shares maintained a closing bid price of US$1.00 per share or greater from May 09 to May 22.

"Regaining compliance with Nasdaq's listing requirements underscores the market's confidence in Foremost's business strategy and the growing positive sentiment around the uranium sector's critical role in pursuit of both energy independence and the global clean energy transition," said Foremost Clean Energy's ( FMST ) President and Chief Executive Officer Jason Barnard. "Since we received Nasdaq's notice on April 7, 2025, the stock has rebounded significantly, closing at US$2.60 just weeks later to regain compliance with a staggering 264% increase supported by sustained and significant trading liquidity on Foremost's Nasdaq listing."

Price: 2.44, Change: +0.04, Percent Change: +1.67