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Foremost Lithium Resource & Technology Ltd
(FAT)
Foremost Lithium Resource & Technology Ltd (FAT) vs. iShares MSCI Canada ETF (EWC)
Foremost Lithium Resource & Technology Ltd Business Overview & Revenue Model
Foremost Lithium Resource & Technology Ltd Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Jun 2023 | Mar 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | ― | 0.00 | 0.00 | -3.77K |
| EBITDA | -3.43M | -3.52M | 4.25M | -549.00K | -1.48M | -2.27M |
| Net Income | -3.39M | -3.62M | 956.58K | -4.15M | -2.61M | -2.27M |
Balance Sheet | ||||||
| Total Assets | 35.94M | 27.74M | 13.30M | 7.92M | 6.69M | 5.94M |
| Cash, Cash Equivalents and Short-Term Investments | 4.08M | 5.01M | 606.12K | 292.28K | 441.63K | 46.17K |
| Total Debt | 0.00 | 521.37K | 1.29M | 143.84K | 197.72K | 183.70K |
| Total Liabilities | 1.48M | 3.25M | 2.91M | 1.18M | 943.51K | 867.31K |
| Stockholders Equity | 34.46M | 24.49M | 10.39M | 6.74M | 5.75M | 5.07M |
Cash Flow | ||||||
| Free Cash Flow | -6.19M | -4.03M | -2.77M | -1.62M | -965.77K | -539.57K |
| Operating Cash Flow | -5.96M | -3.78M | -2.48M | -1.40M | -802.92K | -414.57K |
| Investing Cash Flow | -8.88M | -2.67M | -797.82K | -891.41K | -313.96K | -340.84K |
| Financing Cash Flow | 12.54M | 10.46M | 3.61M | 2.14M | 1.51M | 620.66K |
Foremost Lithium Resource & Technology Ltd Technical Analysis
Foremost Lithium Resource & Technology Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$9.63M | -3.64 | -52.71% | ― | -96.10% | -3.58% | |
45 Neutral | C$34.29M | -5.65 | -11.13% | ― | ― | 61.75% | |
43 Neutral | C$324.76M | -29.68 | -10.65% | ― | -11.90% | -0.32% | |
43 Neutral | C$35.03M | -2.68 | 247.72% | ― | -65.20% | 12.85% |
Foremost Lithium Resource & Technology Ltd Corporate Events
Foremost Clean Energy Ltd., a North American uranium and lithium explorer listed on Nasdaq and the CSE, is positioned to supply carbon‑free energy inputs as power demand grows from AI, data centers, and electrification. The company holds options to earn majority stakes in 10 uranium properties spanning more than 330,000 acres in the Athabasca Basin, one of the world’s most prolific uranium regions.
The company has arranged a C$5.5 million bought‑deal private placement of 1,618,000 flow‑through units at C$3.40 each, with each unit comprising one share and a half‑warrant exercisable at C$4.40 for 24 months. Proceeds will fund qualifying Canadian exploration expenses on its mineral projects, while major shareholder Denison Mines may increase its stake to about 19.95%, underscoring institutional support as Foremost advances its uranium and lithium exploration strategy.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy Ltd. will host a live investor webinar on March 18, 2026, where President and CEO Jason Barnard will outline the company’s uranium exploration portfolio in Saskatchewan’s Athabasca Basin and its strategy to advance high-priority drill targets. The event aims to give investors insight into Foremost’s option agreement with Denison Mines, its planned geophysical and drilling programs, and how access to Denison’s historical data underpins a disciplined, data-driven exploration approach.
Management is also set to discuss the company’s 2026 exploration objectives and capital position, highlighting efforts to test areas of known uranium mineralization, hydrothermal alteration, and conductive structural corridors in one of the world’s key uranium districts. The webinar, which includes a live Q&A session, underscores Foremost’s bid to strengthen investor engagement and clarify how its multi-project exploration pipeline positions the company to benefit from rising nuclear energy demand and the broader transition to carbon-free power.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy has launched a roughly 5,000-metre winter diamond drill program at its Hatchet Lake Uranium Project in the eastern Athabasca Basin, targeting the Tuning Fork area where it made a uranium discovery in 2025. The program aims to test the continuity of unconformity-hosted mineralization, refine the structural and alteration controls on uranium emplacement, and evaluate additional high-priority targets across Hatchet Lake South and North.
Initial efforts will focus on expanding the Tuning Fork discovery, including probing a newly identified EM conductor, before moving to other targets such as the Beta Grid and Richardson SE, which together cover several kilometres of untested conductive corridors. By combining confirmed uranium mineralization with multiple structurally complex, drill-ready targets, Foremost is seeking to establish Hatchet Lake as a significant growth asset within the eastern Athabasca Basin and strengthen its position in the uranium exploration sector.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy has signed an exploration agreement with Kiciwapa Cree Nation in Manitoba, establishing a formal framework for mineral exploration within the Nation’s Traditional and Ancestral Territory. The accord is built around transparency, environmental responsibility, and meaningful community engagement, aiming to integrate KCN’s knowledge and priorities into exploration work.
The agreement sets out processes for advance notice, regular engagement, and information sharing, while enabling KCN participation in environmental and cultural monitoring and the involvement of Elders where appropriate. It also includes financial commitments and economic participation measures such as employment, training, contracting opportunities, and contributions to a KCN Economic Development Fund, potentially strengthening Foremost’s social license and long-term operating position in the region.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy reported new assay results from a targeted historic core resampling program at its Jean Lake Gold-Lithium Property in Manitoba, following its 2025 diamond drill campaign. The work focused on previously unsampled intervals from 2023 drillholes along the Valkyrie and Midas gold trends, yielding intercepts including 1.10 g/t gold over 8.0 metres and 0.64 g/t gold over 10.4 metres.
By systematically sampling gaps in historical core, the company has demonstrated that gold mineralization extends beyond previously reported intercepts and is more continuous within the Valkyrie structural corridor. Management says the expanded dataset refines the geological and structural model, providing a more complete view of gold distribution that will guide step-out and infill drilling in the next phase of exploration at Jean Lake.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy reported new assay results from a targeted resampling of historic core at its Jean Lake property, which focused on unsampled intervals from 2023 drill holes along the Valkyrie and Midas gold trends. The work yielded intervals such as 1.10 g/t gold over 8.0 metres and 0.64 g/t gold over 10.4 metres, indicating mineralization extends beyond previously reported intercepts.
By systematically filling assay gaps, the company has improved its understanding of gold distribution within the Valkyrie structural corridor and refined its geological and structural model. These results are expected to guide future step-out and infill drilling at Jean Lake, potentially enhancing the project’s exploration upside and clarifying its resource potential for investors and other stakeholders.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy reported final assay results from its 2025 diamond drill program at the 100%-owned Jean Lake Gold-Lithium Property in Manitoba, confirming high-grade, near-surface gold intercepts along the Valkyrie Gold Trend. Key holes returned grades such as 9.4 g/t gold over 2.2 metres and 6.2 g/t gold over 2.6 metres, contributing to the definition of an approximately 600-metre mineralized strike length.
The latest results show gold hosted in a steeply dipping shear zone with broad lower-grade envelopes containing very high-grade shoots, indicating a robust and continuous gold system that remains open along strike and at depth. Management says the campaign has transformed an early high-grade discovery into an emerging gold corridor, with the next phase of work to focus on step-out and infill drilling to expand and better define the higher-grade components, a development that could materially enhance the project’s scale and attractiveness to investors and potential partners.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy Ltd. plans a 5,000-metre diamond drill program at its Hatchet Lake Uranium Project in northern Saskatchewan, set to begin in mid-February. The campaign follows a 2025 winter program that yielded a new uranium discovery at the Tuning Fork target, where hole TF-25-16 intersected notable grades and alteration characteristic of unconformity-related systems.
The 2026 program will focus on step-out and infill drilling around the TF-25-16 discovery to test continuity and refine structural controls, while also drilling high-priority targets at Tuning Fork West, Tuning Fork East, the Beta Grid, and Richardson SE. Using reprocessed historic magnetic and electromagnetic data and conductor modelling, Foremost aims to better constrain target geometry and capitalize on strong uranium prices, potentially enhancing the project’s resource potential and its strategic position in the Athabasca Basin.
The most recent analyst rating on (TSE:FAT) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy has hired RedChip Companies to lead its investor relations and strategic communications as it enters an intensive exploration phase in Canada’s Athabasca Basin, with multiple uranium drill programs planned this year and an option to earn up to 70% in a portfolio of 10 properties from Denison Mines. The engagement, which is subject to Canadian Securities Exchange approval and involves only cash compensation, is aimed at broadening Foremost’s visibility among institutional and retail investors and capitalizing on rising interest in critical minerals and nuclear energy, potentially strengthening the company’s market positioning as a discovery-driven uranium and lithium explorer in the clean energy sector.
The most recent analyst rating on (TSE:FAT) stock is a Sell with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy reported encouraging lithium assay results from its 2025 drill program at the wholly owned Jean Lake Gold–Lithium Project near Snow Lake, Manitoba, with hole JL25-005B intersecting multiple spodumene-bearing intervals grading up to 1.6% Li2O over 5 metres and 1.5% Li2O over 4.8 metres within the B1 Pegmatite. The company has completed a historic core re-sampling program, is integrating both new lithium and strong near-surface gold results into an updated geological model, and is preparing follow-up drilling at its Hatchet Lake Uranium Property in the Athabasca Basin, framing these exploration activities against a backdrop of rising lithium prices and a structural uranium supply deficit that it believes could enhance the strategic value of its multi-commodity portfolio for investors.
The most recent analyst rating on (TSE:FAT) stock is a Sell with a C$3.00 price target. To see the full list of analyst forecasts on Foremost Lithium Resource & Technology Ltd stock, see the TSE:FAT Stock Forecast page.
Foremost Clean Energy has unveiled a C$9 million exploration program for 2026, centered on its Athabasca Basin uranium assets and supported by additional work at its Jean Lake gold property in Manitoba. The plan includes roughly 11,500 metres of drilling, with around 5,000 metres dedicated to a winter campaign at Hatchet Lake to follow up on a recent uranium discovery, 2,000–2,500 metres earmarked for Turkey Lake in summer 2026 once gravity survey interpretations are complete, and about 4,000 metres planned for Jean Lake after results from the 2025 drill program and core re‑sampling are incorporated. Management positions Hatchet Lake as the company’s anchor project, citing strong datasets and historical mineralization along the Richardson Trend, while Turkey Lake offers shallow, under-explored structural targets and Jean Lake is framed as a low-cost, high-impact gold asset. With funding in place and several projects already permitted and drill-ready, the 2026 program is designed to accelerate discovery, strengthen Foremost’s positioning in the uranium sector, and potentially create meaningful value for shareholders through new and expanded mineralization.