Foremost Clean Energy Ltd. (CSE: FAT | NASDAQ: FMST) has released chemical assay results from its 2026 drilling program at the Hatchet Lake South Uranium Project in northern Saskatchewan, highlighting a high-grade intercept of 1.3% U₃O₈ over 1.0 metre in drill hole TF-26-30 at the Tuning Fork Uranium Zone (TFUZ). The 2026 program comprised 19 diamond drill holes totalling 3,848 metres across five drill fences, with uranium mineralization identified in eight holes spanning 200 metres of strike length. The TFUZ remains open in both directions, with approximately 600 metres of prospective strike extending to the south and 250 metres to the north, pointing to further exploration potential at the project.

Key Points

  • Foremost Clean Energy Ltd. (CSE: FAT | NASDAQ: FMST) — uranium, lithium, and gold exploration company with over 330,000 acres in the Athabasca Basin, northern Saskatchewan
  • Drill hole TF-26-30 returned 1.3% U₃O₈ over 1.0 metre, including 4.5% U₃O₈ over 0.25 metres, within a broader interval of 0.36% U₃O₈ over 4.0 metres
  • Eight of 19 drill holes intercepted uranium mineralisation above a 0.05% U₃O₈ cut-off grade across 200 metres of strike length
  • The mineralised trend is open to both the north and south, with follow-up drilling expected to emphasise southern targets

TF-26-30 Delivers Standout High-Grade Intercept at the Tuning Fork Uranium Zone

The most significant result from the 2026 Hatchet Lake program came from drill hole TF-26-30, which returned 1.3% U₃O₈ over 1.0 metre from 139.9 to 140.9 metres depth. That interval includes a high-grade subinterval of 4.5% U₃O₈ over 0.25 metres, situated within a broader composite intercept of 0.36% U₃O₈ over 4.0 metres from 139.9 to 143.9 metres. Vice President of Exploration Cameron MacKay, P.Geo., stated in the release that TF-26-30 "demonstrates that the Tuning Fork system can concentrate uranium at high grades," which the company says increases the potential for the discovery of a meaningful uranium deposit at the project.

Nineteen-Hole Program Outlines Mineralisation Across Multiple Drill Fences

Foremost's 2026 program at Hatchet Lake tested five drill fences spaced approximately 50 metres apart along 200 metres of strike at the TFUZ, completing 19 diamond drill holes totalling 3,848 metres. Eight holes intersected uranium mineralisation across four of those five fences, establishing that mineralisation occurs at multiple points along the tested trend. Additional notable intercepts include TF-26-36, which returned 0.19% U₃O₈ over 2.8 metres on the northernmost fence, and TF-26-24, which returned 0.054% U₃O₈ over 4.6 metres. Core samples were analysed by the independent Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon.

TFUZ Expansion Potential Highlighted by Untested Strike to the North and South

The TFUZ mineralised trend remains open in both directions from the 2026 drilling footprint. Approximately 250 metres of prospective strike extends to the north, where four historical drill holes were not positioned to evaluate currently identified target areas. To the south, approximately 600 metres of prospective conductive strike is largely untested, with only three holes having been drilled in that area. The company's release states that some of its most promising targets remain untested to the south, and that follow-up drilling is expected to prioritise extensions in both directions, with particular emphasis on the southern area.