Foremost Lithium begins drilling at its Snow Lake, Manitoba development in Canada, awaiting a C$10mn grant for onshore lithium production for EV & battery supply chains.
Foremost Lithium (NASDAQ: FMST) begins drilling at its Snow Lake, Manitoba development in Canada, awaiting a C$10mn grant from CMIF. The funds support onshore lithium production for EV & battery supply chains. Canada allocates C$1.5bn for clean energy & transportation infrastructure. The company aims to develop a road linking Jean Lake & Zoro for equipment transport and has a production timeline through 2025.
March 24, 2024
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