10:02 AM EST, 11/10/2025 (MT Newswires) -- Foremost Clean Energy Ltd. ( FMST ) was at last look on Monday morning up 7% on the Canadian Securities Exchange after announcing that it has the receipt of assay results for the first two drillholes, JL25-001 and JL25-002 from its 2025 drill program currently underway at its 100%-owned Jean Lake Gold-Lithium Property located near the historic mining centre of Snow Lake in Manitoba.

A statement noted that both holes, JL25-001 and JL25-002, intersected multiple gold-bearing zones along the Valkyrie Trend. "These results have confirmed a larger mineralized system than previously defined, notably extending the known boundaries of the gold-bearing structure," it said.

Highlights include: at JL25-002 -- 10.7 g/t Au over 5.6 m from 100.5 m, including 82 g/t Au over 0.7 m; and at JL25-001 -- 12.7 g/t Au over 2.07 m from 118.18 m, including 40 g/t Au over 0.6 m; and at JL25-002 -- 5.0 g/t/Au over 2.2 m from 113 m including 21 g/t Au over .5m

Foremost said the assay results from the initial two drillholes, JL25-001 and JL25-002, have defined a mineralized footprint that extends beyond the area of the previous discovered initial drill hole JL23-008 (7.50 g/t Au over 7.66m, including 102.0 g/t Au over 0.48 metres, as previously reported.

Jason Barnard, President and CEO, said: "We are extremely encouraged that the first two holes of our 2025 program have exceeded our expectations and further demonstrate the exceptional potential of our Jean Lake Project. The presence of multiple high-grade intercepts, highlighted by an exceptional 82 grams per tonne result, strongly validates the high-grade nature of the mineralizing system.

"With the gold prices recently testing historic highs over US$4,000 per ounce, the timing of this high-grade discovery is optimal for Foremost. At a time of record gold prices, we are advancing a high-grade gold discovery at Jean Lake. Amid a bullish gold market, Foremost's high-grade discovery at Jean Lake represents a potential powerful growth catalyst and a truly exciting time for our company.

"Our drill program is ongoing, and we are eagerly anticipating the remaining results from this season's campaign, which includes further drilling on these gold targets as well as our first systematic testing of the property's significant lithium potential. We look forward to building upon this positive geological framework for both commodities and further assay results."

Price: 3.87, Change: +0.26, Percent Change: +7.20