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Foremost Clean Energy (CSE: FAT) Receives Three-Year Exploration Permit for Murphy Lake South Uranium Project
Highlights
Foremost Clean Energy Ltd. (NASDAQ: FMST, CSE: FAT, WKN: A3DCC8) is a Canadian exploration company with a portfolio of uranium and lithium projects in North America. The company holds options to acquire up to 70% interest in 10 uranium properties in Saskatchewan’s Athabasca Basin from Denison Mines Corp., with exploration work ranging from early-stage surveys to advanced drill targets.
The company has secured a three-year exploration permit from the Saskatchewan Ministry of Environment for its Murphy Lake South property, located in the Athabasca Basin. The permit is valid through December 31, 2027, and allows for geophysical and geochemical surveys as well as the drilling of up to 30 holes.
The Murphy project is located approximately 30 kilometres northwest of the McClean Lake uranium mill and lies adjacent to the LaRocque Lake Conductive Corridor, an area known for hosting high-grade uranium deposits such as IsoEnergy’s Hurricane deposit. Foremost’s upcoming exploration activities will build on historical drill data collected between 2008 and 2017, which identified uranium mineralization and geochemical pathfinder elements suggestive of an active mineral system.
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