June 21, 2023
Foremost Lithium Resource & Technology Ltd. (CSE:FAT, BUY (S), Alina Islam, David A. Talbot) announced that it has applied to list its common shares under the symbol FMST on the Nasdaq exchange through a proposed public offering. The number of shares to be offered and the offering price have not yet been determined. Net proceeds are intended to be used to fund exploration activities on its Lithium Lane properties in Manitoba, which includes the Jean Lake property where a gold discovery was recently made (read more), and for general corporate purposes. The company’s shares will continue to be listed and trade on the Canadian Securities Exchange. Foremost also intends to proceed with the second installment of C$100k in cash and C$100k in shares, per the terms of the option agreement to acquire a 100% interest in the Peg North claims in Manitoba’s historic Snow Lake mining district. The agreement outlined cumulative payments totaling C$1.5M in equal amounts of cash and shares, and exploration expenditures totaling C$3M over a period of five years. Read more
Company Specific Disclosure Details
Foremost Lithium Resource & Technology Ltd. – CSE:FAT – 3
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