Foremost Lithium Appoints Seasoned Financial Executive Sead Hamzagic as Chief Financial Officer
Foremost Lithium Appoints Seasoned Financial Executive Sead
Hamzagic as Chief Financial Officer
Vancouver, British Columbia – February 15, 202 4 - Foremost Lithium Resource & Technology Ltd.
(NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-
rock lithium exploration company, today announced the appointment of seasoned finance and accounting
executive Sead Hamzagic, CPA, CGA as Chief Financial Officer and Corporate Secretary.
Mr . Hamzagic is a Chartered Professional Accountant, Certified General Accountant, has over 37 years of
public practice accounting and financial management experience as a director and/or Chief Financial
Officer with multiple public companies listed on Nasdaq, the TSX-V and the CSE – with a particular
emphasis on natural resource and mining companies. His e xperience includes initial public offerings,
reverse takeovers and plans of arrangements. Since 2008 he has led his own accounting and consulting
practice, providing a full complement of financial services to public and private companies. Sead has
served in several diverse industries as Chief Financial Officer , including Wealth Minerals Ltd., a mineral
resource company with lithium projects in Chile, Cobra Venture Corp ., World Copper Ltd ., GoldHaven
Resources Corp., Gelum Resources Ltd., Canadian Spirit Resources Inc., and Magnum Goldcorp Inc. Sead
was the CFO at Northstar Clean Technologies Inc , where he was instrumental in bringing the Company
public on a $12.2 million initial public offering, amongst others.
As Chief Financial Officer of Foremost Lithium, Sead will provide financial leadership to assist in building
on the Company's goal of delivering value to its shareholders through the development of its Lithium Lane
properties. His experience in risk management, corporate strategic development, system implementation,
regulatory compliance , financial reporting, internal controls and tax will prove invaluable towards
strengthening the Company’s financial capabilities.
“On behalf of our board and management team, I would like to welcome Sead to the position – we are
privileged to have someone of his caliber and financial skill set serve as our CFO ,” said Jason Barnard,
President and CEO of Foremost Lithium. “I would also like to thank Bal Bhullar for her contributions as the
Company’s most recent CFO in leading us to this point in our growth trajectory, and welcome Sead’s proven
capabilities in scaling natural resource and mining companies. His achievements and expertise in financial
management of listed companies will help to ensure we are well positioned to execute on our goal to deliver
sustainable, long-term value to my fellow shareholders.”
Mr . Hamzagic added: “I am thrilled to be appointed as CFO of such a dynamic company at an exciting
inflection point, facing a robust set of catalysts further supported by near-term drilling programs. I look
forward to working with Jason, the senior leadership team and the Board as we continue to execute on our
strategic and financial objectives.”
In connection with Sead Hamzagic appointment, the Company has now granted him a fully vested stock
option to purchase an aggregate of up to 20,000 common shares of the Company at an exercise price of
CAD $3.98 common share, expiring five years from the date of grant. The stock option is granted in
accordance with the Company's current Stock Incentive Plan and the policies of the Canadian Securities
Exchange.
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 S now 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.
Follow us or contact us on social media:
Twitter: @foremostlithium
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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.
Forward-Looking Statements
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 limite d 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 receipt of all necessary regulatory and third
party approvals for the proposed operations of the Company's business and exploration activities, risks
related to the Company's exploration properties; risks related to international operations; risks related to
general economic conditions, actual results of current exploration activities, unantic ipated reclamation
expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of
commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in reserves; 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, and political and economic developments in jurisdictions 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 cautiona ry
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.
For further information please contact:
Company
Jason Barnard, President and CEO
+1 (604) 330-8067
Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
www.mzgroup.us