VANCOUVER – A significant step forward has been made for uranium exploration in one of Canada's most prolific mining regions. Foremost Clean Energy Ltd. (NASDAQ: FMST, CSE: FAT) has officially received a three-year exploration permit from the Saskatchewan Ministry of Environment for its Turkey Lake Uranium Project.
Permit Paves Way for Major Exploration Program
The permit, valid until December 31, 2028, authorizes an extensive work program on the property located along the eastern margin of the Athabasca Basin in northern Saskatchewan. The approved activities include line cutting, trail use, and the drilling of up to 75 holes. This regulatory green light allows the company to aggressively advance its exploration plans for the underexplored project.
Gravity Survey Set for December Launch
In tandem with the permit news, Foremost announced the imminent start of a ground-based gravity survey at Turkey Lake. The survey is scheduled to commence in December 2025 and will be conducted by MWH Geo Survey, a geophysical contractor with over four decades of experience in the Basin.
The technical program is designed to comprise approximately 1,312 stations, with data collected at 100-metre intervals along lines spaced 200 metres apart. The survey will focus on a priority northeast-trending conductive corridor. Its primary objective is to identify gravity lows associated with hydrothermal alteration and to map fault structures that could have acted as pathways for mineralizing fluids, common in high-grade Athabasca uranium deposits.
Building on a Foundation of Historic Discovery
The upcoming work is designed to follow up on promising uranium intercepts initially identified through historic exploration by industry giants Cameco and Denison Mines Corp. (NYSE American: DNN, TSX: DML).
Jason Barnard, President and CEO of Foremost, highlighted this foundation. "Historic work by industry leaders like Cameco and Denison has already confirmed unconformity-associated uranium in multiple holes," Barnard stated. He specifically cited intercepts including 0.16% U₃O₈ over 0.6 metres in hole TUR-4 and 0.12% U₃O₈ over 0.5 metres in hole TL-10-13.
Barnard emphasized the project's compelling geology, noting "shallow unconformity depths and a largely untested 10-kilometre conductor system." He also pointed to the favorable market conditions, stating the current industry landscape creates "a perfect environment for uranium exploration, where significant new discoveries are not just valuable, but imperative." The gravity data will be used to refine targets for an anticipated drill program in 2026.
Project Advantages and Location
The Turkey Lake Property consists of a single mineral claim covering 9,363 acres (3,789 hectares). It is strategically positioned with excellent access to existing regional uranium infrastructure, being situated approximately 23 kilometres north of the McClean Lake Mill and 25 kilometres north of the Eagle Point Mine.
The property is considered highly prospective due to its location on the basin's edge, where the depth to the prospective unconformity is often shallow (less than 50 metres). The extensive conductive corridor on the property presents a significant, under-explored opportunity for a new discovery in a world-class uranium district.
