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Foremost Lithium Resource & Technology Ltd
(FAT)
Foremost Lithium Resource & Technology Ltd (FAT) vs. S&P 500 (SPY)
Foremost Lithium Resource & Technology Ltd Business Overview & Revenue Model
Foremost Lithium Resource & Technology Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 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 | EBIT |
| -2.19M | -3.30M | -2.54M | -3.93M | -2.40M | -1.22M | EBITDA |
| -5.60M | -1.17M | 4.25M | -548.87K | -1.48M | -2.27M | Net Income Common Stockholders |
| -5.91M | -4.47M | 956.58K | -4.23M | -2.82M | -2.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.38M | 998.26K | 606.12K | 292.28K | 441.63K | 46.17K | Total Assets |
| 29.64M | 16.60M | 13.30M | 7.92M | 6.69M | 5.94M | Total Debt |
| 544.55K | 1.14M | 1.29M | 143.84K | 197.72K | 183.70K | Net Debt |
| -5.83M | 140.26K | 716.51K | -91.61K | -194.50K | 180.49K | Total Liabilities |
| 3.50M | 3.39M | 2.91M | 1.18M | 943.51K | 867.31K | Stockholders Equity |
| 26.14M | 13.21M | 10.39M | 6.74M | 5.75M | 5.07M |
| Cash Flow | Free Cash Flow | ||||
| -6.24M | -3.99M | -2.77M | -1.62M | -965.77K | -539.57K | Operating Cash Flow |
| -4.86M | -3.79M | -2.48M | -1.40M | -802.92K | -414.57K | Investing Cash Flow |
| -2.18M | -2.34M | -797.82K | -891.41K | -313.96K | -340.84K | Financing Cash Flow |
| 11.96M | 6.56M | 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 |
|---|---|---|---|---|---|---|---|
54 Neutral | $1.03B | ― | -30.69% | ― | 11.53% | -154.63% | |
50 Neutral | $1.98B | -1.08 | -21.29% | 3.61% | 1.96% | -30.59% | |
49 Neutral | $862.49M | ― | -8.91% | ― | ― | ― | |
42 Neutral | C$34.63M | ― | -30.15% | ― | ― | -59.60% | |
41 Neutral | $83.87M | 8.28 | 13.24% | ― | ― | ― |
Foremost Lithium Resource & Technology Ltd Corporate Events
Foremost Clean Energy Ltd. announced a significant discovery of uranium mineralization at its Hatchet Lake Property in the Athabasca Basin. This discovery, part of their inaugural drill program, revealed multiple mineralized intervals, with plans for further exploration. The collaboration with Denison Mines Corp. has been instrumental, allowing Foremost to focus on high-priority targets and uncover new mineralization, enhancing the company’s exploration portfolio and potential impact on stakeholders.
Spark’s Take on TSE:FAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FAT is a Underperform.
Foremost Lithium Resource & Technology Ltd is facing substantial financial challenges with no revenue and consistent losses, which significantly impact its financial performance score. The technical analysis indicates bearish trends, further weighing down the stock’s appeal. Valuation metrics are poor due to a negative P/E ratio and lack of dividends, making it less attractive to investors. However, the company’s recent corporate initiatives in uranium exploration could provide future growth potential, slightly improving the overall score.
To see Spark’s full report on TSE:FAT stock, click here.
Foremost Clean Energy Ltd. has launched a comprehensive national marketing campaign to raise investor awareness about its strategic position in the clean energy sector. The campaign highlights the critical role of nuclear energy in the clean energy transition, Canada’s advantage in the mineral supply chain, and Foremost’s unique positioning in the market. The initiative includes partnerships with RedChip Companies Inc., LFG Equities Corp., and Spark Newswire to leverage various media channels, including television, digital media, and social networks, to reach a broad audience of retail and institutional investors.
Spark’s Take on TSE:FAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FAT is a Underperform.
Foremost Lithium Resource & Technology Ltd’s stock score reflects substantial financial challenges, including a lack of revenue and consistent net losses. The bearish technical analysis indicates potential further downside, while poor valuation metrics, such as a negative P/E ratio and no dividend yield, reduce its appeal to investors. Despite positive corporate events focusing on uranium exploration, the company’s current financial instability and technical weakness overshadow these prospects, resulting in a low overall stock score.
To see Spark’s full report on TSE:FAT stock, click here.
Foremost Clean Energy Ltd. has announced the engagement of Expert Geophysics Surveys Inc. to conduct a MobileMT™ airborne geophysical survey over its CLK Uranium Property. This survey aims to enhance the understanding of conductive trends for uranium mineralization, potentially identifying new targets and extensions of existing mineralization. The results are expected to guide a planned diamond drilling program, positioning Foremost to capitalize on underexplored opportunities in the Athabasca Basin, a region known for significant uranium deposits.
Spark’s Take on TSE:FAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FAT is a Neutral.
Foremost Lithium Resource & Technology Ltd is currently struggling with significant financial challenges, evident from its lack of revenue and consistent net losses. The bearish technical indicators suggest a further downside risk. Despite these challenges, the ongoing exploration in the clean energy sector presents potential future opportunities. However, the negative valuation metrics and absence of income through dividends make it less appealing to investors seeking stability. Overall, the company’s current financial instability and technical weakness overshadow its exploration prospects, resulting in a low stock score.
To see Spark’s full report on TSE:FAT stock, click here.
Foremost Clean Energy Ltd. received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its shares have closed below $1.00 for 31 consecutive business days. The company has been granted a 180-day period to regain compliance, with potential for an additional grace period if needed. Foremost’s management is exploring options to address the deficiency while maintaining its Nasdaq listing, and the company’s operations and strategy remain unaffected.
Spark’s Take on TSE:FAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FAT is a Neutral.
Foremost Lithium Resource & Technology Ltd is currently struggling with significant financial challenges, evident from its lack of revenue and consistent net losses. The bearish technical indicators suggest a further downside risk. Despite these challenges, the ongoing exploration in the clean energy sector presents potential future opportunities. However, the negative valuation metrics and absence of income through dividends make it less appealing to investors seeking stability. Overall, the company’s current financial instability and technical weakness overshadow its exploration prospects, resulting in a low stock score.
To see Spark’s full report on TSE:FAT stock, click here.
Foremost Clean Energy Ltd. has commenced its 2025 drilling program at the Hatchet Lake Uranium Project in the Athabasca Basin, aiming to explore extensions of known uranium mineralization and new targets. This fully-funded program, conducted in collaboration with Denison Mines Corp., represents a significant advancement in Foremost’s exploration efforts, targeting key areas such as Tuning Fork and Richardson. The shallow exploration targets and historical data suggest potential for significant uranium discoveries, enhancing Foremost’s strategic positioning in the clean energy sector.
Foremost Clean Energy Ltd. has initiated its 2025 winter exploration program at the Hatchet Lake Uranium Project in Saskatchewan’s Athabasca Basin, focusing on site preparation for diamond drill testing. This program aims to capitalize on encouraging results from previous drilling and is strategically timed to address the growing demand for uranium as nuclear power gains traction globally. The project targets high-priority areas with potential for significant uranium mineralization, leveraging existing infrastructure and aligning with the global shift towards nuclear energy.
Foremost Clean Energy Ltd. has announced a $6.5 million exploration program for 2025 across its uranium properties in the Athabasca Basin, including a follow-up drill program on the Hatchet Lake Uranium Property and exploration on other properties. The program aims to identify discovery-ready targets and generate new exploration opportunities, marking a significant step in collaboration with Denison Mines Corp. Despite market uncertainties affecting share prices, Foremost is confident that its exploration strategy will unlock substantial value for shareholders.
Foremost Clean Energy Ltd. has announced a new 8-hole diamond drill program at its Hatchet Uranium Property in the Athabasca Basin, aiming to expand known uranium mineralization and explore high-potential targets. This initiative is part of Foremost’s strategy to capitalize on the growing demand for uranium driven by the increasing adoption of nuclear power, including the deployment of Small Modular Reactors and interest from major tech companies, highlighting the importance of their exploration efforts in meeting future energy needs.
Foremost Clean Energy Ltd. has announced promising results from its 2024 drill program at the Hatchet Lake Uranium Property. The exploration revealed multiple intercepts of uranium mineralization at the Richardson and Tuning Fork target areas, which are significant for the company’s operations in the Athabasca Basin. These findings confirm high-priority targets for future drilling and mark Foremost as a prominent contender in the uranium exploration sector. The company’s advanced stage in exploration, aided by its transaction with Denison, allows it to progress rapidly and provide substantial news flow to shareholders in the coming months.
Foremost Clean Energy Ltd. announced its participation in the upcoming Prospectors & Developers Association of Canada (PDAC) 2025 Convention, a key event in mineral exploration and mining. The company will utilize this platform to engage with investors and industry leaders, highlighting its ongoing exploration initiatives in the Athabasca Basin. Additionally, Foremost has revised its agreement with an investor relations provider, MZHCI, LLC, which includes granting stock options and restricted share units to key stakeholders. This move is part of Foremost’s broader strategy to strengthen its market position and attract investment to support its clean energy initiatives.
Foremost Clean Energy Ltd. announced that its spin-out, Rio Grande Resources, has received approval to list on the Canadian Securities Exchange under the ticker ‘RGR’. This milestone allows Rio Grande to develop its gold and silver assets in New Mexico, which hold high-grade resources. With the rise in precious metals prices, Rio Grande is well-positioned to benefit from increased investor interest in gold and silver as safe havens against inflation.