Far Resources Changes Name to Foremost Lithium Resource &Technology
Far Resources Changes Name to Foremost Lithium Resource &Technology
Vancouver British Columbia, January 04, 2022 FAR Resources Ltd (CSE:FAT)
(FSE:F0R) (OTC Pink:FRRSF) (“Foremost” or the “Company”) is pleased to
announce that it will be changing the Company’s name to FOREMOST LITHIUM
RESOURCE & TECHNOLOGY LTD. In connection with the name change, the
Company’s trading symbol “FAT” for its common shares listed on the Canadian
Securities Exchange (the “Exchange”) will remain unchanged. The CUSIP number
assigned to the Company’s shares following the name change is 345510101 (ISIN:
CA3455101012).
Scott Taylor, President and CEO of Foremost Lithium expresses “This is an exciting
time for our company, and with the unveiling of our new name we can officially re-focus
with a vision that we feel will increase maximum value to shareholders with a pivot to
lithium. We officially retired the Company’s old name, direction, and re-launched with
new name, brand and website www.foremostlithium.com with a strategic focus on
lithium exploration. The company aims to take advantage of the battery metals market
and is committed on being a leading supplier of battery-grade lithium hydroxide. Given
that lithium is one of the most in-demand strategic global commodities, we ensured our
new name and strategies are aligned to take advantage of the explosive growth in
demand for lithium.
Mr. Taylor adds. “Foremost Lithium Resource & Technology is in a unique position. We
have over 16,000 combined acres between our Jean Lake and Zoro Lithium Projects
located in Snow Lake Manitoba and our Hidden Lake Lithium Project in the Northwest
Territories. Today is a new start for our company and for our shareholders. We have
three fantastic lithium assets primed for exploration and we are anxious to advance our
exploration program to define more drill targets and define more resource tonnage.”
The Exchange will publish a bulletin announcing the effective date of the change in
Foremost Lithium & Resource Technology Ltd’s Name. The Company’s common shares
are anticipated to commerce trading on the Exchange under its new name and CUSIP
number at market open on or about January 04, 2022 . No action is required to be taken
by shareholders with respect to the name change. Outstanding share certificates are
not affected by the name change and do not need to be exchanged.
Disclosure documents are available at www.thescse.com
Scott Taylor, President and CEO, Foremost Lithium Resource & Technology
About Foremost Lithium
Foremost Lithium is an energy tech company driven to being one of the first North
American Companies committed to produce high quality battery-grade lithium hydroxide
domestically to fuel the electric vehicle battery market. Given the importance and global
focus on increasing energy decarbonization, especially when it comes to vehicles, The
Company is hyper-focused in continued exploration and growth on its three lithium
properties, Jean Lake and Zoro located in Snow Lake, Manitoba, and Hidden Lake in
the Northwest Territories. Foremost Lithium also holds assets in precious commodities
with its Winston Gold/Silver Project in New Mexico, USA.
Scott Taylor
President and CEO
Foremost Lithium Resource &Technology
1 604 330-8067
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
All statements in this press release, other than statements of historical fact, are "forward-looking
information" with respect to Foremost within the meaning of applicable securities laws.
Foremost provides forward-looking statements for the purpose of conveying information about
current expectations and plans relating to the future and readers are cautioned that such
statements may not be appropriate for other purposes. By its nature, this information is subject
to inherent risks and uncertainties that may be general or specific and which give rise to the
possibility that expectations, forecasts, predictions, projections or conclusions will not prove to
be accurate, that assumptions may not be correct and that objectives, strategic goals and
priorities will not be achieved. These risks and uncertainties include but are not limited to market
conditions, exploration findings, results and recommendations, as well as those risks and
uncertainties identified and reported in Foremost’s public filings under Foremost’s SEDAR
profile at www.sedar.com. Although Foremost has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those described in forward-
looking information, 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 information will prove
to be accurate as actual results and future events could differ materially from those anticipated
in such statements. Foremost disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise
unless required by law.