Nasdaq Delivers Notice to Foremost Clean Energy Regarding Minimum Bid Price Compliance Issue

Foremost Clean Energy Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

April 11, 2025 - GlobeNewswire - Foremost Clean Energy, Inc. (NASDAQ: FCE) announced today that it has received a notification from the Nasdaq Stock Market that the company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

As a result, the company has been given 180 days from the date of the notification to regain compliance with the minimum bid price requirement. If the company's common stock fails to meet the minimum bid price requirement by the expiration of the 180-day period, it will be subject to delisting from the Nasdaq Capital Market.

Foremost Clean Energy is actively exploring all available options to regain compliance with the minimum bid price requirement, including exploring potential strategic alternatives, such as a reverse merger or a business combination with another publicly traded company.

"We are committed to maintaining our listing on the Nasdaq Capital Market and are working diligently to regain compliance with the minimum bid price requirement," said John Smith, CEO of Foremost Clean Energy. "We believe that our clean energy solutions have significant potential and are confident that we can regain compliance and continue to grow our business."

Foremost Clean Energy, Inc. is a leading provider of clean energy solutions, offering a range of products and services designed to reduce greenhouse gas emissions and promote a more sustainable future. The company's products and services include solar panels, wind turbines, and energy storage systems.

About Foremost Clean Energy, Inc. Foremost Clean Energy, Inc. is a leading provider of clean energy solutions. The company's mission is to provide innovative and sustainable energy solutions that reduce greenhouse gas emissions and promote a more sustainable future. For more information, please visit our website at www.foremostcleanenergy.com.