Foremost lithium announces intention to spin-out its winston group of gold and silver properties

Vancouver, british columbia, june 04, 2024 (globe newswire) --  foremost lithium resource & technology ltd. (nasdaq: fmst) (cse: fat) (“foremost lithium”, “foremost” or the “company”), is pleased to announce its intention to spin-out (the “spin-out”) the company's gold and silver winston group of properties (collectively, the “properties” or the “winston property”) into a newly incorporated wholly-owned subsidiary to be named rio grande resources ltd (“rio grande” or “rgr”). it is expected that the spin-out will be affected by way of a plan of arrangement (the “arrangement”). the company's winston group of properties – situated over a 3,000-acre drill-ready site – contains three historic past producing gold and silver mines: ivanhoe, emporia and little granite located in sierra county, new mexico, usa.
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