Foremost Clean Energy Raises $4 Million, Advancing Manitoba Lithium Exploration

Foremost Clean Energy Ltd. (FMST) launched a public offering of 800,000 units at US$5.00 per unit. The transaction generates US$4.0 million in gross proceeds. The company expects approximately US$2.8 million in net proceeds.

Management will use the funds to advance lithium exploration at its Manitoba properties.

Each unit includes one common share and one purchase warrant. Warrants are immediately separable and carry an exercise price of US$6.25. These instruments expire five years from the date of issuance.