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Foremost Clean energy (NASDAQ: FMST) (CSE: FAT) announced the effective date for the spin-out of its Gold and silver properties into Rio Grande Resources Ltd. (“Rio Grande”), set for Jan. 30, 2025. shareholders as of Jan. 29, 2025, will receive one new Foremost common share and two Rio Grande shares for each Foremost share held. Foremost's shares will continue trading under the same symbols on the nasdaq and CSE with a new CUSIP number, while Rio Grande shares are conditionally approved for listing on the CSE under the symbol RGR. CEO Jason Barnard highlighted the move as a strategic step to focus on uranium and lithium exploration while advancing gold and silver assets independently. Shareholders must submit required documentation to Odyssey Trust Company to receive their new shares.
To view the full press release, visit
About Foremost Clean Energy Ltd.
Foremost Clean Energy, assuming the effectiveness of the transaction, will be an emerging North American uranium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. As global demand for decarbonization accelerates, the need for nuclear power is crucial. Foremost expects to be positioned to capitalize on the growing demand for uranium through discovery in a top jurisdiction with the objective to support the world's energy-transition goals. Alongside its exploration partner Denison, Foremost will be committed to a strategic and disciplined exploration strategy to identify resources by testing drill–ready targets with identified mineralization along strike of recent major discoveries. Foremost also maintains a secondary portfolio of significant lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. For more information about the company, visit .
NOTE TO INVESTORS: The latest news and updates relating to FMST are available in the company's newsroom at
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