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Foremost Lithium Resource & Technology Ltd
(FAT)
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Rating:46Neutral
Price Target:
C$2.50
▼(-20.89% Downside)
Action:Reiterated
Date:07/02/26
The score is held down primarily by the absence of revenue, widening losses, and sustained cash burn, which create a high-risk operating profile. A low-debt, expanding equity base provides some financial flexibility, but technicals remain in a downtrend and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Balance sheet strength
Low-to-negligible debt and a materially expanded equity base reduce near-term financial distress risk and limit interest expense. This provides durable optionality to fund exploration or partnerships over the next several months without immediate refinancing pressure, improving runway.
Negative Factors
No revenue and widening operating losses
Absence of operating revenue combined with materially widening EBIT erodes path to self-sustaining operations. Persistent losses undermine internal project economics and force continued dependence on external financing, compressing long‑term shareholder value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low-to-negligible debt and a materially expanded equity base reduce near-term financial distress risk and limit interest expense. This provides durable optionality to fund exploration or partnerships over the next several months without immediate refinancing pressure, improving runway.
Read all positive factors
Foremost Lithium Resource & Technology Ltd (FAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$41.55M
Dividend YieldN/A
Average Volume (3M)34.41K
Price to Earnings (P/E)―
Beta (1Y)2.92
Revenue GrowthN/A
EPS Growth15.76%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-0.49
Shares Outstanding16,488,836
10 Day Avg. Volume58,639
30 Day Avg. Volume34,405
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.92
Price to Sales (P/S)0.00
P/FCF Ratio-4.28
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. is dedicated to the exploration of uranium and lithium. Its uranium ventures include the Eastern Athabasca and Blue Sky projects. The company also holds a secondary collection of lithium prospects, encompassing Zoro, Jea...
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
58
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | ― | 0.00 |
| EBITDA | -8.88M | -3.52M | -1.17M | 4.25M | -549.00K |
| Net Income | -6.90M | -3.62M | -4.47M | 956.58K | -4.15M |
Balance Sheet | |||||
| Total Assets | 39.34M | 27.74M | 16.60M | 13.30M | 7.92M |
| Cash, Cash Equivalents and Short-Term Investments | 6.34M | 5.01M | 998.26K | 606.12K | 292.28K |
| Total Debt | 0.00 | 521.37K | 1.14M | 1.29M | 143.84K |
| Total Liabilities | 3.84M | 3.25M | 3.39M | 2.91M | 1.18M |
| Stockholders Equity | 35.50M | 24.49M | 13.21M | 10.39M | 6.74M |
Cash Flow | |||||
| Free Cash Flow | -7.61M | -4.03M | -3.99M | -2.77M | -1.62M |
| Operating Cash Flow | -7.61M | -3.78M | -3.79M | -2.48M | -1.40M |
| Investing Cash Flow | -8.76M | -2.67M | -2.34M | -797.82K | -891.41K |
| Financing Cash Flow | 17.71M | 10.46M | 6.56M | 3.61M | 2.14M |
Foremost Lithium Resource & Technology Ltd Technical Analysis
Positive
3.16
Price Trends
2.28
Positive
2.48
Positive
3.13
Negative
Market Momentum
0.05
Negative
58.58
Neutral
71.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FAT, the sentiment is Positive. The current price of 3.16 is above the 20-day moving average (MA) of 2.27, above the 50-day MA of 2.28, and above the 200-day MA of 3.13, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 58.58 is Neutral, neither overbought nor oversold. The STOCH value of 71.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
46 Neutral | C$41.55M | -5.07 | -11.13% | ― | ― | 15.76% | |
45 Neutral | C$268.60M | -20.89 | -11.76% | ― | -15.00% | -25.13% | |
45 Neutral | C$6.42M | -0.89 | -52.71% | ― | -100.00% | -23.35% | |
44 Neutral | C$28.78M | -7.01 | -212.85% | ― | 97.35% | 49.19% |
* Basic Materials Sector Average
TSE:FAT
Foremost Lithium Resource & Technology Ltd
2.52
-0.88
-25.88%
TSE:GRA
NanoXplore Inc
1.50
-0.83
-35.62%
TSE:HELI
First Helium Inc.
0.03
<0.01
25.00%
TSE:CH
Charbone Hydrogen Corporation
0.11
0.05
83.33%
TSE:SWAN
Black Swan Graphene Inc
0.99
-0.12
-10.81%
TSE:FNDX
FendX Technologies, Inc.
0.22
-0.48
-68.57%
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 ...
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.