Foremost Clean Energy Announces Approval Of The Winston Gold And Silver Spin-Out

Immediately prior to the closing (the "Effective Date"), all Foremost shareholders are expected to receive two shares of Rio Grande for every one share of Foremost they hold

VANCOUVER, British Columbia, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ:FMST) (CSE:FAT) ("Foremost" or the "Company"), an emerging North American uranium and lithium exploration company, is pleased to announce that shareholders of Foremost ("Shareholders") have approved the previously announced plan of arrangement (the "Arrangement") under which the Company will spin-out its gold and silver properties located in Sierra County, New Mexico, United States (collectively, the "Winston Property") to Shareholders through Rio Grande Resources Ltd. ("Rio Grande"), a wholly-owned subsidiary of the Company.