Foremost Lithium Resource & Technology Ltd (TSE:FAT)
:FAT
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Foremost Lithium Resource & Technology Ltd
(FAT)
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Rating:44Neutral
Price Target:
C$2.00
▼(-36.71% Downside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), reinforced by bearish technicals with the stock below key moving averages and negative MACD. Valuation is also constrained by negative earnings and no dividend information.
Positive Factors
Balance sheet strength
Low leverage and a materially larger equity base provide durable financial flexibility for multi-stage exploration. A stronger balance sheet supports funding of drilling and permitting cycles, allows negotiation of JVs or option deals from a position of strength, and reduces immediate refinancing risk.
Negative Factors
No revenue; sustained cash burn
The company lacks operating revenues and generates consistently negative operating and free cash flow. Over the medium term this necessitates external funding rounds to sustain exploration, increasing execution risk if capital markets tighten and limiting self‑funding ability for development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a materially larger equity base provide durable financial flexibility for multi-stage exploration. A stronger balance sheet supports funding of drilling and permitting cycles, allows negotiation of JVs or option deals from a position of strength, and reduces immediate refinancing risk.
Read all positive factors
Foremost Lithium Resource & Technology Ltd (FAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.52M
Dividend YieldN/A
Average Volume (3M)34.41K
Price to Earnings (P/E)―
Beta (1Y)2.88
Revenue GrowthN/A
EPS Growth75.45%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)7.20
Shares Outstanding14,590,380
10 Day Avg. Volume58,639
30 Day Avg. Volume34,405
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.27
Price to Sales (P/S)0.00
P/FCF Ratio-4.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Foremost Lithium Resource & Technology Ltd Business Overview & Revenue Model
Company Description
Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg Nor...
How the Company Makes Money
Foremost Lithium’s business model is typical of an early-stage mineral exploration company: it generally does not generate recurring operating revenue from product sales until a project reaches production. Instead, it finances exploration and corp...
Foremost Lithium Resource & Technology Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| 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
Negative
3.16
Price Trends
2.43
Negative
2.74
Negative
3.45
Negative
Market Momentum
-0.06
Positive
45.55
Neutral
20.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FAT, the sentiment is Negative. The current price of 3.16 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.43, and below the 200-day MA of 3.45, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 20.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FAT.
Foremost Lithium Resource & Technology Ltd Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
48 Neutral | C$350.16M | -35.47 | -11.76% | ― | -15.00% | -25.13% | |
45 Neutral | C$8.56M | -3.64 | -52.71% | ― | -100.00% | -23.35% | |
44 Neutral | C$31.52M | -5.65 | -11.13% | ― | ― | 75.45% | |
43 Neutral | C$30.03M | -9.05 | 493.84% | ― | -22.63% | 14.89% |
* Basic Materials Sector Average
TSE:FAT
Foremost Lithium Resource & Technology Ltd
2.23
-1.46
-39.57%
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-69.38%
Foremost Lithium Resource & Technology Ltd Corporate Events
Business Operations and Strategy
Foremost Clean Energy Extends High-Grade Uranium Zone at Hatchet Lake
Positive
Apr 15, 2026
Foremost Clean Energy reported encouraging results from its 2026 drilling campaign at the Hatchet Lake South Uranium Project, where five holes intersected unconformity-related uranium mineralization at the Tuning Fork Uranium Zone. Key intercepts ...
Business Operations and StrategyPrivate Placements and Financing
Foremost Clean Energy Raises C$5.7 Million in Flow-Through Financing for Critical Minerals Exploration
Positive
Mar 31, 2026
Foremost Clean Energy has closed a bought deal private placement raising gross proceeds of C$5.75 million through the issuance of 1,690,200 flow-through units at C$3.40 each, led by Canaccord Genuity as sole underwriter and bookrunner. The financi...
Business Operations and StrategyPrivate Placements and Financing
Foremost Clean Energy Raises C$5.5 Million in Flow‑Through Bought Deal to Advance Uranium and Lithium Projects
Positive
Mar 17, 2026
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 opt...
Business Operations and Strategy
Foremost Clean Energy Plans Investor Webinar to Showcase Uranium Exploration Strategy
Positive
Mar 5, 2026
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 advanc...
Business Operations and Strategy
Foremost Clean Energy Starts 5,000-Metre Winter Drill Program at Hatchet Lake Uranium Project
Positive
Mar 2, 2026
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...
Business Operations and Strategy
Foremost Clean Energy Strikes Exploration Pact With Kiciwapa Cree Nation in Manitoba
Positive
Feb 27, 2026
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 tran...
Business Operations and Strategy
Foremost Clean Energy Extends Gold Mineralization with Jean Lake Core Resampling
Positive
Feb 26, 2026
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 fro...
Business Operations and Strategy
Foremost Clean Energy Expands Gold Mineralization Model at Jean Lake Through Historic Core Resampling
Positive
Feb 26, 2026
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...
Business Operations and Strategy
Foremost Clean Energy Extends High-Grade Gold Corridor at Jean Lake
Positive
Feb 25, 2026
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 retu...
Business Operations and Strategy
Foremost Clean Energy Launches 5,000-Metre Drill Program at Hatchet Lake Uranium Project
Positive
Feb 9, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.