Foremost clean energy and rio grande resources announce completion of spin-out transaction

Vancouver, british columbia, jan. 31, 2025 (globe newswire) -- foremost clean energy ltd. (nasdaq: fmst) (cse: fat) (“foremost” or the “company”), an emerging north american uranium and lithium exploration company, and rio grande resources ltd. (“rio grande”), a new stand-alone exploration company expected to list on the canadian securities exchange (the “cse”), are pleased to announce that foremost and rio grande have completed their previously announced spin out (the “spin-out”) of foremost's winston gold and silver properties (collectively, the “winston property”) to rio grande. the spin-out was completed this morning (the “effective date”) by way of statutory plan of arrangement (the “arrangement”) pursuant to the business corporations act (british columbia).
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