Foremost Lithium Engages Outside The Box Capital For Digital Marketing Services
VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that it has entered into a marketing and distribution services agreement (the “Marketing Agreement”) with an arm’s length marketing firm, Outside The Box Capital Inc. (“OTBC”) of Oakville Ontario, to provide marketing services, including digital marketing services through various social media channels to broaden media distribution awareness about the Company.
OTBC will also feature Foremost Lithium in different influencer-based videos and highlight videos surrounding recent Company news via platforms including Reddit, Discord, Telegram, Twitter and StockTwits. In addition, OTBC will spread Company insights and announcements to new communities with hopes of attracting new investors and other interested parties for the Company, through various social media platforms. The marketing services provided by OTBC is expected to create increased Company awareness and investor engagement amongst its current and prospective shareholders.
The Marketing Agreement will have a term of six months starting on November 13, 2023, and Foremost will pay OTBC a cash fee of US$100,000 plus applicable taxes and also grant to OTBC 36,000 stock options having an exercise price of CAD$3.65 per common share and an expiry date of one year from the date of grant. The stock options shall be subject to the terms and conditions of the Company’s current stock option plan. OTBC does not currently own any shares of the Company as of the date hereof and has no direct relationship with the Company other than as set out in this press release.
For further information please contact:
Jason Barnard, President and CEO
+1 (604) 330-8067
Michael Kim or Brooks Hamilton
MZ North America
+1 (737) 289-0835
Outside the Box Capital
Jason Coles, Portfolio Manager
2202 Green Orchard Place
Oakville ON L6H 4V4 Canada
+1 289 259 4455
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.
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First published on Tue, Nov 14, 2023
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