Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) announced that shareholders approved all matters presented at the company's annual general meeting held on December 16, 2025. The voting results confirmed management's recommendations across all agenda items, including board elections and corporate governance matters.
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 the appointment of Davidson & Company LLP as auditors for the ensuing year and approval of the company's amended and restated stock incentive plan.
The company operates as a rapidly growing North American uranium and lithium exploration company, positioning itself to capitalize on increasing demand for carbon-free energy sources. Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the uranium-rich Athabasca Basin region of northern Saskatchewan, with the exception of the Hatchet Lake property where Foremost is able to earn up to 51%.
As domestic demand for clean energy continues to accelerate, domestically mined uranium and lithium are positioned for dynamic growth according to the company's strategic outlook. Foremost's uranium projects range from grassroots exploration to properties with significant historical exploration and drill-ready targets. The company's mission focuses on making significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.
In addition to its uranium portfolio, Foremost maintains lithium projects across 55,000+ acres in Manitoba and Quebec at varying stages of development. This dual-focus strategy allows the company to participate in two critical clean energy markets simultaneously, with uranium serving nuclear power generation and lithium supporting battery technology for electric vehicles and energy storage.
The latest news and updates relating to FMST are available in the company's newsroom at http://ibn.fm/FMST. The full press release containing the annual meeting results can be viewed at https://ibn.fm/TYFmO.
For business and technology leaders monitoring the clean energy transition, Foremost's shareholder-approved direction signals continued focus on strategic mineral exploration at a time when domestic supply chain development for critical minerals has become increasingly important. The company's progress in both uranium and lithium exploration reflects broader industry trends toward securing North American sources of materials essential for nuclear energy and battery technologies.
