Foremost Lithium Announces Key Advisory Board Appointments
Foremost Lithium Announces Key Advisory
Board Appointments
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) -
Foremost Lithium Resource &
Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or
the "Company")
(
www.foremostlithium.com
) is pleased to announce the addition of Johnathan A. More
and Michael McLeod to the Company's Advisory Board.
Johnathan More brings over 28 years of experience in global capital markets focused primarily on
natural resource industries. His distinguished tenure at Canaccord Genuity included many significant
achievements and he retired in 2008 as Vice President and Advisor at the Company.
Mr. More
successfully transitioned from the capital markets to the public company sector where he has been
responsible for numerous successful transactions in the Canadian marketplace and continues to identify
and create new opportunities.
He currently serves as Chairman & CEO of Starr Peak mining Ltd, a
Canadian company focused on gold exploration. Mr. More is also Chairman and CEO of Power Metals
Corp., a Canadian company focused on Lithium, Cesium and Tantalum exploration.
Mike McLeod has over 40 years of experience in the corporate financial services industry with a strong
network in the capital markets. He has been a long term
member of the Canadian Investor Relations
Institute and Governance Professionals of Canada. Mr. McLeod has served as a global advisor and
counseled many boards of directors and management teams on a wide range of topics including
corporate governance, capital markets intelligence, M&A transactions, and shareholder engagement
and communications. Mr. McLeod currently serves as a senior director at Morrow Sodali.
President and CEO John Gravelle states on behalf of our entire team,
"I would like to welcome
Johnathan and Mike to the Company. The management team of Foremost believe that both
Jonathan's and Mike's extensive experience and knowledge will readily advance the progress of our
many exciting projects and assist the company in meeting our strategic goals. Johnathan's working
knowledge of the lithium exploration space will be invaluable to our Company, and Mike brings a
demonstrative skill set in corporate governance, investor relations and overall strategic shareholder
engagement.
We look forward to utilizing their knowledge immediately
."
The Company announced that that it had granted incentive stock options as per news release dated
September 02, 2022, to purchase an aggregate of 1,000,000 common shares of the Company at an
exercise price of $0.255 per common share expiring three years from the date of grant. A further
400,000 options will be granted and available to purchase at an exercise price of $0.275 per common
share expiring three years from the date of grant, and are both subject to regulatory approval. The stock
options are granted to certain officers, directors, consultants, employees, and advisors to the Company
in accordance with the terms and conditions of the Company's Rolling Stock Option Plan and the
policies of the Canadian Securities Exchange.
John Gravelle
President and CEO, Foremost Lithium Resource & Technology
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a resource exploration company committed to having a critical role in the production
of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market.
Given the importance and global focus on increasing decarbonization, the company is hyper-focused on
continued exploration and growth on its six lithium projects: Jean Lake, Grass River Claims, Zoro, Jol
and the Peg North Claims, in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest
Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
For further information please contact:
John Gravelle
President and CEO
Foremost Lithium Resource &Technology Ltd.
Email:
Phone: +1 (604) 330-8067
Follow us or contact us on social media:
Twitter: @foremostlithium
Linkedin:
https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany
Facebook:
https://www.facebook.com/ForemostLithium
Forward looking statement:
This news release contains "forward-looking statements" and "forward looking information" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectations. Such statements include but are not limited to, statements with respect to the plans for
future exploration and development of the Company's properties and the acquisition of additional
exploration projects. Generally, these forward-looking statements can be identified by the use of forward-
looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans",
"anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could"
or "should" occur. These statements should not be read as guarantees of future performance or results.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those expressed or implied by such
statements, including but not limited to: risks related to the Company's projects; risks related to general
economic conditions, actual results of current exploration activities, unanticipated reclamation expenses;
changes in project parameters as plans continue to be refined; fluctuations in prices of metals including
gold; increases or decreases in market prices of mining consumables, possible variations in resource
estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of
the mining industry; delays in the completion of exploration, development or construction activities,
changes in national and local government regulation of mining operations, tax rules and regulations,
changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals
and political and economic developments in areas in which the Company operates. Although the
Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause 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. The forward-looking statements and forward-looking information are made as of the date
hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any
obligation to revise or update any such factors or to publicly announce the result of any revisions to any
forward-looking statements or forward-looking information contained herein to reflect future results,
events or developments, except as require by law. Accordingly, readers should not place undue reliance
on forward-looking statements and information. Please refer to the Company's most recent filings under
its profile at
www.sedar.com
for further information respecting the risks affecting the Company and its
business.
UNITED STATES ADVISORY.
The securities referred to herein have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been
offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated
under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the
account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States
Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from
the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the
securities must not be conducted unless in accordance with the U.S. Securities Act. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of securities in the state in the United States in which such offer, solicitation or sale would be
unlawful.
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