Foremost Clean Energy Ltd. announced that shareholders approved all matters presented at its annual general meeting held on December 16, 2025. The company, which trades on NASDAQ under the symbol FMST and on the Canadian Securities Exchange as FAT, reported that voting followed management's recommendations across all agenda items.
Shareholders approved fixing the number of directors at six and elected Jason Barnard, Douglas L. Mason, Andrew Lyons, David Cates, Amanda Willett, and Peter Espig to serve until the next annual meeting or until successors are appointed. The meeting also resulted in approval of Davidson & Company LLP as auditors for the ensuing year and endorsement of the company's amended and restated stock incentive plan.
The importance of these shareholder decisions extends beyond routine corporate governance. Foremost Clean Energy operates in the critical minerals sector, holding exploration rights for uranium and lithium properties across North America. As global demand for carbon-free energy accelerates, domestically sourced uranium and lithium are positioned for significant growth, making shareholder confidence in management particularly relevant for the company's strategic direction.
Foremost holds an option to earn up to a 70% interest in ten prospective uranium properties spanning over 330,000 acres in Saskatchewan's Athabasca Basin region, one of the world's most uranium-rich areas. The exception is the Hatchet Lake property, where Foremost can earn up to 51%. These projects range from grassroots exploration to drill-ready targets with significant historical exploration data. The company's mission involves making discoveries in collaboration with Denison through systematic exploration programs.
Additionally, Foremost maintains a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec. This dual focus on uranium for nuclear energy and lithium for battery storage technologies places the company at the intersection of two essential components of the clean energy transition.
The shareholder approvals come as the company seeks to advance its exploration activities. The amended stock incentive plan approved at the meeting could play a role in attracting and retaining talent in the competitive mineral exploration sector. The full details of the meeting results are available in the company's official release at https://ibn.fm/TYFmO.
For ongoing updates, the company maintains a newsroom accessible at http://ibn.fm/FMST. The broader context of this corporate development relates to increasing investment in North American critical mineral supply chains, which have gained strategic importance for energy security and decarbonization efforts worldwide.
