Foremost Lithium Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
Foremost Lithium Engages MZ Group to Lead Strategic
Investor Relations and Shareholder Communication Program
Vancouver, British Columbia – August 30, 2023 - Foremost Lithium Resource &
Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or
the “Company”), a North American hard-rock lithium exploration company, has engaged
international investor relations specialists MZ Group (“MZ”) to lead a comprehensive
strategic investor relations and financial communications program across all key markets.
MZ ‘s professionals including Greg Falesnik, CEO of MZ, and Michael Kim , Managing
Director at MZ North America, both who will work closely with Foremost Lithium’s
management starting on August 29 , 2023 to develop and implement a comprehensive
capital markets strategy designed to increase the Company’s visibility throughout the
investment community. The contract with MZ ends on August 2 8, 2024. MZ’s work will
highlight Foremost’s position at the forefront of the Electric Vehicle (EV) revolution as a
strategically located hard-rock lithium exploration company, empowering North America’s
clean energy economy. Michael Kim will advise Foremost Lithium in all facets of corporate
and financial communications, including the coordination of roadshows and investment
conferences across key cities and building brand awareness with financial and social
media outlets including LinkedIn, Twitter and Facebook.
“Foremost is strongly positioned to capture share in the lithium market and support th e
battery metals supply chain in North America," said Jason Barnard, President and Chief
Executive Officer of Foremost Lithium. “We feel this engagement with the team at MZ
Group will increase our visibility and communicate our vision in the investment
community. We will leverage MZ’s expertise and network to increase exposure of our
Company following our recent uplisting to the Nasdaq.”
Greg Falesnik, CEO of MZ North America, added: “Foremost’s strategic Canadian
location at the tip of the ‘NAFTA Superhighway’ provides easy access to North American
battery and EV manufacturing sites and the opportunity to participate in the acceler ating
demand for a domestic lithium supply. Additionally, battery and EV manufacturers –
including LG Energy Solutions, Mercedes Benz, and Volkswagen 1 – are now securing
their raw materials directly with miners and junior explorers to secure their supply, giving
Foremost key strategic competitive advantages for commercialization. We look forward
to sharing the story with our network of institutional, family offices and retail investors.”
The engagement is for an initial 12-month term, commencing on August 29, 2023. Under
the terms of the engagement, the Company will pay MZ an independent consulting fee of
an initial fee of USD $ 15,625 and there after USD $12,500 per month. In addition, the
Company has agreed that, subject to regulatory approval, it will allot and grant to MZ an
1 Reuters
2 Not tradeable on Canadian exchanges
aggregate of 30,900 common shares at a deemed price of CAD $5.65 (USD $4.04) per
share2.
Foremost has also engaged Independent Trading Group ("ITG"), a Toronto-based IIROC
dealer-member to assist with market making activities. ITG is Canada’s only brokerage
firm dedicated specifically to professional trading. As Canada’s foremost market making
firm, ITG provides market making and liquidity provider services that are objective and
focused. ITG employs real traders and provides real liquidity, with an underlying emphasis
on integrity and success. The Company has agreed to pay ITG a fee of $6,500 per month
for the duration of the contract, with an initial term of three months, followed by
consecutive one-month terms unless cancelled by either party on 30 days' notice.
For more information on Foremost Lithium, please visit the Company’s website at
www.foremostlithium.com. To schedule a conference call with management, please email
your request to [email protected] or call Michael Kim at +1 (737) 289-0835.
About MZ Group
MZ North America is the US division of MZ Group, a global investor relations and
corporate communications leader. MZ provides innovative, customized services to
domestic and multinational private and public companies across all industries through a
unique, fully integrated “one-stop-shop” approach. By delivering a comprehensive suite
of products and services through one point of contact, MZ offers services to all relevant
markets geared to helping our clients build a sustainable public brand. MZ has a globa l
footprint with offices located in New York, Connecticut, Tampa, Puerto Rico, Chicago,
Milwaukee, Minneapolis, Austin, Denver, San Diego, Aliso Viejo, Taipei and São Paulo.
For more information, please visit www.mzgroup.us.
MZ North America
27422 Aliso Creek Road, Suite 250
Aliso Viejo, CA 92656
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
Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/
Facebook: https://www.facebook.com/ForemostLithium
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
limited to, statements with respect to the plans for future exploration and development of
the Company's properties and the acquisition of additional explorat ion 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", "project s", "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, unanticipated 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 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 und ue 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.
The Canadian Securities Exc hange has neither approved nor disapproved the contents
of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Company
Jason Barnard, President and CEO
+1 (604) 330-8067
Investor Relations
Michael Kim or Brooks Hamilton
MZ North America
+1 (737) 289-0835