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An update from Foremost Lithium Resource & Technology Ltd ( (TSE:FAT) ) is now available.
Foremost Clean Energy Ltd. has announced a slight delay in the spin-out of its gold and silver properties into a new public company, Rio Grande Resources Ltd. Originally scheduled for January 30, 2025, the effective date has been moved to January 31, 2025. This spin-out allows Foremost to focus more on its core operations in uranium and lithium exploration, potentially strengthening its market position in the clean energy sector. Shareholders will receive shares in both Foremost and Rio Grande, with no further action required on their part unless they hold physical share certificates.
More about Foremost Lithium Resource & Technology Ltd
Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company. The company holds an option to earn significant interests in uranium properties located in the uranium-rich Athabasca Basin region of northern Saskatchewan and has a portfolio of lithium projects across Manitoba and Quebec. With the growing demand for carbon-free energy, Foremost is strategically positioned in the clean energy sector, aiming to make significant discoveries through disciplined exploration programs.
YTD Price Performance: 17.39%
Average Trading Volume: 19,272
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$17.72M
See more data about FAT stock on TipRanks’ Stock Analysis page.
