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The grid can’t keep up with AI, and the country needs a breakthrough. Sam Altman thinks nuclear is the way forward. That’s why uranium is heating up — and why today’s setup has my full attention.

TODAY’S TOP ALERT! 

Foremost Clean Energy (Nasdaq: FMST)

👉  FMST is TODAY’S #1 ALERT 👈

Good morning, Folks! (Just a little note for Bullseye members to check your email at 9:15AM for my pick of the week.)

I hope you had a FANTASTIC Labor Day weekend. I spent mine down in Fort Lauderdale with my awesome wife of 27+ years enjoying the sunshine. ☀️

Now I’m ready to get back to it!

In the NVDA earnings call last week, CEO Jensen Huang made clear that the electricity grid is the limiting factor now for AI growth.

As he said previously, “AI factories will be the biggest consumers of electricity in history."

OpenAI CEO Sam Altman has expressed similar sentiments. His solution? "We’re betting on nuclear to power the AI revolution."

That’s why nuclear energy is suddenly sexy again, and URANIUM is the bottleneck… because AI doesn’t run on code alone.

Which brings me to my “tactical trade” idea of the day….

💥Foremost Clean Energy Ltd. (FMST) is the ultimate AI-adjacent stock play. 

It’s a uranium and lithium exploration company whose stock roared nearly 800% from April 25 to June 5.

I managed to alert it several times over that period. One of my alerts was on the morning of Monday, May 12. Here’s how it looked by the end of the day:

By the end of that week, it had increased by 164% from my initial alert.

A few weeks later, FMST had run 400% from that initial alert.

It was one of the best “tactical” runs we have seen in a long time.

I alerted it again on June 4, and by the following day, it had climbed 31% from my alert.

And then there was my alert from June 25. By the next day, it reached a 12% gain.

The stock is up 28% in the last month alone. As you’ll see, there are powerful tailwinds at its back…

A huge one is the series of executive orders President Trump signed on May 23 that generated this headline:

The President “outlined plans to overhaul the U.S. nuclear regulator, fast-track licenses for new projects, boost domestic fuel supplies and use federal lands for reactors for the military or large data centers for artificial intelligence.” [emphasis added]

The White House said the executive orders would “usher in a nuclear renaissance.”

And Foremost is in a unique position to capitalize on the urgent push for energy security through nuclear power; its exploration efforts provide a critical North American uranium solution at a pivotal time, leveraging the fact that Canada already supplies 25% of U.S. uranium and new federal policies are igniting a supply race

On top of that, in July, Westinghouse revealed plans to build 10 large nuclear reactors in the U.S., with construction to begin by 2030.

Each of the reactors will generate enough electricity to power 750,000 homes.

These bold ambitions will clearly require a reliable supply of uranium.

The demand for nuclear energy is driven in no small part by the rise of energy-intensive technologies such as crypto mining, AI, and data centers.

The tech titans — think Meta, Amazon, Google, and Microsoft — are considering the deployment of Small Modular Reactors (SMRs) to power their energy-intensive projects, which would mean a serious boost in uranium demand.

In fact, just in May, Google signed an agreement with a nuclear developer for three 600-megawatt advanced reactors.

On June 3, the Wall Street Journal reported that “Meta Signs Nuclear Power Deal to Fuel Its AI Ambitions.”

And on June 20 of this year, Sprott Physical Uranium Trust (SPUT) announced a $200M deal to acquire physical uranium.

On the supply side, we got this article from the Financial Times earlier this year:

The predictable result is that the uranium price is up 18% since its March low, reversing a months-long decline. On a longer timeframe, if you compare it to September 2020, uranium is up 148%.

With all these market dynamics in place, high-grade explorers in the Athabasca Basin like FMST find themselves very well positioned.

FMST stock began another tear over the past month and is now up 28%.

💥Stay tuned to this “tactical trade” Hall of Famer 🏆 today to see where this bounce takes it.

👉  FMST is TODAY’S #1 ALERT 👈

The company itself holds a diversified portfolio of 10 properties in the Athabasca Basin, the world’s richest uranium region, with grades 10 to 100 times higher than the global average.

One competitive advantage FMST has is its partnership with uranium producer Denison Mines Corp (NYSE American: DNN & TSX: DML), which gave FMST the option to acquire up to a 70% interest in 10 uranium exploration properties.

This is a total game changer. Denison — “a clear leader in the uranium sector” — now holds ~16% of FMST’s outstanding shares, and their president and CEO, David Cates, sits on FMST’s board.

Denison also provides FMST technical/financial backing — de-risking exploration while offering direct access to their uranium expertise and vast industry network. It’s clearly vested in its partner’s success.

The 10 properties span over 330,000 acres located in the Athabasca Basin in Saskatchewan, Canada, an area “with robust infrastructure and known to host some of the world's richest uranium deposits producing ~15% of world’s primary uranium supply, where grades routinely hit 10-100X global average!” It’s often called the “Saudi Arabia of Uranium”!

As a bonus, FMST maintains a portfolio of lithium and gold projects at varying stages of development with extensive past drilling, located across 55,000+ acres in Manitoba and Quebec — giving investors battery metals exposure without dilution.

Lithium has been on an absolute tear lately, and is now up 33% from its June 24 low.

In March, FMST announced a $6.5 million fully-funded exploration program — to begin in 2025 — on its diverse portfolio within proven uranium corridors surrounding or near some of the world’s largest and highest-grade uranium operations, including the McArthur River and Cigar Lake mines. 

FMST confirmed multiple drill programs will turn in 2025 on drill-ready and permitted targets, positioned along strike of recent high-grade discoveries providing investors de-risked exploration within a tier 1 district. 

Denison, thanks to its years of previous exploration, including drilling and geophysical surveys, is providing FMST a validated roadmap, enabling high- potential targeted drilling on mineralized zones and providing FMST a clear competitive advantage from the outset.

The Hatchet Lake program just wrapped up, hitting a new uranium mineralization discovery in their first drill program. That’s targeting competence, not luck. Assay results are still pending.

Murphy Lake South: The property runs alongside  the LaRocque corridor — home to IsoEnergy’s Hurricane Deposit (48.6M lbs @ 34.5% U₃O₈). This is the geological zone where monster discoveries happen.  The company announced a drill program earlier this summer, and we can expect that program to start any day now.

Last Wednesday, the company announced the results of its recently completed radon survey at the Wolverine Uranium Property. Mr. Barnard said they “provide strong evidence that the interpreted structures at Wolverine are associated with elevated radon anomalies which may suggest the presence of subsurface uranium.”

The company plans to use the results “to refine high-priority drill targets for future testing.”

FMST maintains a lean capital structure. With about 12 million shares outstanding and with an ultra-tight float of just 9.54 million shares, FMST's structure is a volatility amplifier.

As you do your own research on FMST, be sure to take a look at this investor presentation released this spring as well as the company website.

And of course, always approach your trading in a responsible manner, remembering that trading is very risky. Nothing is ever guaranteed, so never trade with more than you can afford to lose. 

Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.

Bottom line: FMST went an absolute rocket ride — shooting up nearly 800% from April 25 to June 5. It pulled back over the following weeks, but began another uptrend in July and is up 28% over the last month alone.

💥FMST’s bounce is in motion — stay locked in today to see where it goes!

To Your Success,