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 28, 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 the 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
accelerating demand for a domestic lithium supply. Additionally,
battery and EV manufacturers – including LG Energy Solutions,
Mercedes Benz, and Volkswagen1 – 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 28, 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 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
FMST@mzgroup.us 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 global 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 America27422 Aliso Creek Road, Suite
250Aliso 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 Snow 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: @foremostlithiumLinkedIn:
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 exploration 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", "projects", "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 undue 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 Exchange has neither
approved nor disapproved the contents of this news release and
accepts no responsibility for the adequacy or accuracy hereof.
CompanyJason Barnard, President and CEO+1 (604)
330-8067info@foremostlithium.com
Investor RelationsMichael Kim or Brooks
HamiltonMZ North America +1 (737) 289-0835FMST@mzgroup.us
1 Reuters
2 Not tradeable on Canadian exchanges
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