Foremost Lithium Announces Results of AGM and Appointments
January 26 2024 - 8:31AM
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 the results of the Company’s annual general and special
meeting of shareholders (the “AGM”) held on January 25, 2024, in
Vancouver, British Columbia.
The Company is pleased to report that, at its
AGM, shareholders voted to elect Jason Barnard, Michael McLeod,
Johnathan More, Andrew Lyons and Douglas L. Mason as directors of
the Company for the ensuing year.
In addition, at the AGM shareholders also
approved the appointment of MNP LLP, Chartered Professional
Accountants, as the Company’s auditor, and authorized the directors
to fix the auditor’s remuneration.
Furthermore, at the AGM shareholders also
approved the Company’s new 2023 Stock Incentive Plan as more
particularly described in the Company’s Management Information
Circular which was prepared for the AGM.
For more information on these matters please
refer to the Company’s AGM Management Information Circular which is
available on SEDAR+ (at www.sedar.com).
Following the AGM, the Board of Directors (the
“Board”) met and confirmed the appointment of the
following Company executive officers:
|
Jason Barnard: |
President and Chief Executive Officer; |
|
Douglas L. Mason: |
Chairman (non-executive); |
|
Bal Bhullar: |
Chief Financial Officer and
Corporate Secretary; and |
|
Christina Barnard: |
Chief Operating Officer; |
and the appointment of the following members to
the Company’s current Board of Directors’ Committees:
|
Audit
Committee: |
|
|
Douglas L. Mason (Chair); Michael McLeod and Johnathan More; |
|
|
|
|
Nominating and
Corporate Governance Committee: |
|
|
Michael McLeod (Chair);
Douglas L. Mason; and Johnathan More; and |
|
|
|
|
Compensation
Committee: |
|
|
Johnathan More (Chair);
Douglas L. Mason (Chair); and Michael McLeod. |
The Board would like to thank the shareholders
for their ongoing support.
About Foremost Lithium
Foremost Lithium (NASDAQ: FMST) (CSE: FAT) (FSE:
F0R0) (WKN: A3DCC8) 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 hosts a property in a
known active lithium camp situated on over 11,400 acres in Quebec
called Lac Simard South.
Foremost’s four flagship Lithium Lane Projects
as well as its Lac Simard South project are located 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.
Contact and Information
CompanyJason Barnard, President and CEO+1 (604)
330-8067 info@foremostlithium.com
Investor RelationsLucas A. ZimmermanManaging
DirectorMZ Group - MZ North America(949) 259-4987FMST@mzgroup.us
www.mzgroup.us
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
Except for the statements of historical fact
contained herein, the information presented in this news release
and oral statements made from time to time by representatives of
the Company are or may constitute “forward-looking statements” as
such term is used in applicable United States and Canadian laws and
including, without limitation, within the meaning of the Private
Securities Litigation Reform Act of 1995, for which the Company
claims the protection of the safe harbor for forward-looking
statements. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any other statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
“expects” or “does not expect,” “is expected,” “anticipates” or
“does not anticipate,” “plans,” “estimates” or “intends,” or
stating that certain actions, events or results “may,” “could,”
“would,” “might” or “will” be taken, occur or be achieved) are not
statements of historical fact and should be viewed as
forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the availability of capital to fund programs and the
resulting dilution caused by the raising of capital through the
sale of shares, accidents, labor disputes and other risks of the
automotive industry including, without limitation, those associated
with the environment, delays in obtaining governmental approvals,
permits or financing or in the completion of development or
construction activities or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or 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. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news
release and in any document referred to in this news release. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
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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