Foremost Lithium Sets Date for Special Meeting of its Plan of Arrangement to Spin-Out the Winston Group of Gold/Silver Properties

July 31, 2024

https://www.globenewswire.com/news-release/2024/07/30/2921009/0/en/Foremost-Lithium-Sets-Date-for-Special-Meeting-of-its-Plan-of-Arrangement-to-Spin-Out-the-Winston-Group-of-Gold-Silver-Properties.html

VANCOUVER, British Columbia, July 30, 2024 (GLOBE NEWSWIRE) — Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announces that its Board of Directors has unanimously approved the strategic spin-out of its Winston Group of Gold and Silver Properties (the “Properties”) into a newly incorporated and independent, publicly-traded company named Rio Grande Resources Ltd. (“Rio Grande”) pursuant to a court-approved plan of arrangement (the “Arrangement”).

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