Foremost Lithium announces $10M application for Government of Canada’s CMIF

Foremost Lithium Resource & Technology has submitted a $10 million proposal for the Government of Canada’s Critical Mineral Infrastructure Fund – a $1.5 billion fund to support clean energy and transportation infrastructure projects necessary to enable the sustainable development and expansion of critical minerals in Canada. The CMIF provides for two eligible streams of funding with Stream 1 being preconstruction and project development activities, and Stream 2 being infrastructure deployment activities. Foremost Lithium’s proposal under Stream 1 is intended to provide an enhanced transportation corridor in Manitoba’s resource rich Snow Lake region. The Company’s application, if successful, is expected to enable Foremost to build a 9.5KM road from its Jean Lake and Zoro Property, connecting it to an existing roadway, as well as to make much needed improvements to enhance current access routes. This will provide a reliable route to transport lithium, gold, nickel and timber while concurrently helping to realize tremendous economic potential in the area. Infrastructure investments are key to creating jobs, supporting a strong economy, and building greener, more resilient communities. Necessary improvements to current resource roads will not only serve for transportation of ore and timber but are also crucial links for rural communities.