InvestmentPitch Media Video Explains Frontline Lithium and Appointment of Jason Barnard to Board of Directors, Canadian Business Journal

VANCOUVER, British Columbia, September 9, 2022 (GLOBE NEWSWIRE) — Foremost Lithium Resource & Technology Ltd. (CSE:FAT) (OTCQB:FRRSF) (FSE:F0R0) is a Canadian hardware company focused on regeneration. Rock Lithium Exploration and Development Company. Appointed Jason Barnard to the Board of Directors, who plays a key role in the production of ethically produced battery-grade lithium hydroxide.

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Foremost owns six hard rock lithium projects in Canada, covering more than 48,000 acres, each in early stage exploration. The company owns the Hidden Lake lithium project in the Northwest Territories, in addition to his five lithium properties in Manitoba. The company also holds valuable commodity assets at the Winston Gold/Silver Project in New Mexico.

In the last 12 months, the company has grown its land portfolio in Snow Lake, Manitoba by nearly 500%, from 8,900 acres to over 43,000 acres.

The company discovered 39 spodumene lithium-bearing pegmatite dikes and 30 follow-up drill targets. Foremost will initially target the extraction of lithium oxide (Li2O) from the project site, with subsequent involvement in the production of high-quality lithium hydroxide (LiOH).

Lithium is one of the key building blocks in electric vehicle batteries, but rising demand for EVs is tightening global supplies. According to STATISTA, a leading provider of market and consumer data, by 2030 global demand for lithium is expected to exceed 2 million tonnes of lithium carbonate equivalent, more than double the demand forecast for 2025. I’m here. A recent report by International Energy said authorities would need 50 more lithium mines worldwide to reach net global carbon emissions targets by 2030.

Recent inflation-reducing laws have increased the need for automakers to secure future domestic lithium supplies, and Canada is pushing lithium exploration as EV makers and other suppliers compete with free trade partners to source and secure critical minerals. It put me in a privileged position where I could increase my investment in the company. .

President and CEO John Gravel said:I am pleased to appoint Jason to the Board of Directors of Foremost Lithium. His long history with the company and experience in the capital markets allows us to drive continued advancement of our corporate goals. It will be announced. Everyone at Foremost wishes Taylor all the best in his future endeavours.“

Jason Barnard brings over 31 years of capital markets experience to the company, has helped raise Foremost since 2016 and is currently the company’s largest shareholder. Mr. Barnard began his career in 1991 at McDermid St. Laurence Securities as a stockbroker focused on mining and mining exploration companies, and from 1997 until 2004 he continued his career at Canaccord Genuity. rice field. Since 2004, he has been self-employed as a private investor. He has been directly involved in more than $500 million in financing for mining and exploration companies with expertise focused on Canadian base metals companies.

The stock is trading at $0.30. For more information, please visit the company’s website. www.Foremost Lithium.comOr contact John Gravelle, President and CEO, at 604-330-8067 or email. [email protected].

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