Foremost Lithium Appoints Jody Dahrouge to Advisory Board and Announces Jean Lake Property Payment
28 8월 2023 - 9:00PM
Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST)
(CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a
North American hard-rock lithium exploration company, is pleased to
announce that Jody Dahrouge has agreed to join the Advisory Board
as a geological consultant to the Company. Mr. Dahrouge has been
the President of Dahrouge Geological Consulting Ltd., a North
American mineral exploration, consulting, and project management
group, since 1988. He is a professional geologist with over 30
years’ experience and holds Bachelor of Science degrees in geology
and computing science, both from the University of Alberta. Mr.
Dahrouge has been involved in all aspects of mineral exploration
and development for a wide variety of commodities worldwide.
Dahrouge Geological Consulting Ltd. has been instrumental in a
multitude of grassroots discoveries across a wide variety of
commodities and currently has boots on the ground on multiple
Canadian and American projects.
Jason Barnard, Foremost President, and CEO
comments, “We are pleased to welcome Jody to our Advisory Board
with his expansive geological experience and knowledge. Jody, and
Dahrouge Geological Consulting, who have played significant roles
in unearthing some of the largest Canadian hard-rock lithium
discoveries and have a proven track record including being the
original vendor of Patriot Battery Metal's Corvette Property in
Quebec. I have had the pleasure of working with Jody on past
projects and look forward to working and consulting with him again,
as his insight and experience will prove to be invaluable to
Foremost as we work to advance our Lithium Lane properties.”
The Company announces it has granted incentive
options to purchase an aggregate of 17,500 common shares of the
Company at an exercise price of CAD $5.65 per common share,
expiring three years from the date of grant, in connection with the
new appointment. The stock options are granted in accordance with
the Company's Stock Option Plan and the policies of the Canadian
Securities Exchange.
The Company is also pleased to announce that it
intends to proceed with its third installment option payment under
its option to acquire the Jean Lake Property located in the
historic Snow Lake mining district in Manitoba, previously
announced on August 04, 2021, and August 08, 2022. In accordance
with the terms of the option agreement, the third installment
payment consists of a cash payment of CAD $50,000 and issuing 6,128
common shares at a deemed price of CAD $8.16 per common share. The
shares will be subject to a Canadian hold period of four months and
one day.
On Behalf of the Board of DirectorsJason
Barnard, President and CEOEmail: info@foremostlithium.com Phone: +1
(604) 330-8067
About Foremost Lithium
Foremost Lithium is a hard-rock lithium
exploration company focused on empowering the North American clean
energy economy. Foremost’s strategically located lithium properties
extend over 43,000 acres in Snow Lake, Manitoba, and It’s Lac
Simard South property in Quebec extends over 11,400 acres, in known
active lithium camps.
Foremost’s four flagship Lithium Lane Projects
as well as its Lac Simard South project are situated at the tip of
the NAFTA superhighway to capitalize on the world's growing EV
appetite, strongly positioning the Company to become a premier
supplier of North America's lithium feedstock. As the world
transitions towards decarbonization, the Company's objective is the
extraction of lithium oxide (Li₂O), and to subsequently play a role
in the production of high-quality lithium hydroxide (LiOH), to help
power lithium-based batteries, critical in developing a
clean-energy economy. Foremost Lithium also has the Winston
Gold/Silver Property in New Mexico USA. Learn More at
www.foremostlithium.com.
Follow us or contact us on social
media:Twitter: @foremostlithiumLinkedin:
https://www.linkedin.com/company/foremost-lithium-resource-technology/
Facebook: https://www.facebook.com/ForemostLithium
Forward-Looking Statements
This news release contains "forward-looking
statements" and "forward-looking information" (as defined under
applicable securities laws), based on management's best estimates,
assumptions, and current expectations. Such statements include but
are not limited to, statements with respect to the plans for future
exploration and development of the Company's properties and the
acquisition of additional exploration projects. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "expects", "expected",
"budgeted", "forecasts", "anticipates" "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims",
"potential", "goal", "objective", "prospective", and similar
expressions, or that events or conditions "will", "would", "may",
"can", "could" or "should" occur. These statements should not be
read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those expressed or implied by such
statements, including but not limited to: risks related to the
receipt of all necessary regulatory and third party approvals for
the proposed operations of the Company's business and exploration
activities; risks related to the Company's exploration properties;
risks related to international operations; risks related to general
economic conditions; actual results of current exploration
activities; unanticipated reclamation expenses; changes in project
parameters as plans continue to be refined; fluctuations in prices
of commodities including lithium and gold; fluctuations in foreign
currency exchange rates; increases in market prices of mining
consumables; possible variations in reserves; failure of plant,
equipment or processes to operate as anticipated; accidents, labour
disputes, title disputes, claims and limitations on insurance
coverage and other risks of the mining industry; delays in the
completion of exploration, development or construction activities;
changes in national and local government regulation of mining
operations; tax rules and regulations; and political and economic
developments in jurisdictions in which the Company operates.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The
forward-looking statements and forward-looking information are made
as of the date hereof and are qualified in their entirety by this
cautionary statement. The Company disclaims any obligation to
revise or update any such factors or to publicly announce the
result of any revisions to any forward-looking statements or
forward-looking information contained herein to reflect future
results, events, or developments, except as require by law.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. Please refer to the
Company's most recent filings under its profile at www.sedar.com
for further information respecting the risks affecting the Company
and its business.
The Canadian Securities Exchange has neither
approved nor disapproved the contents of this news release and
accepts no responsibility for the adequacy or accuracy hereof.
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