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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 | Dec 2024 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
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 | 0.00 |
| EBITDA | -3.43M | -1.17M | -3.52M | 4.25M | -549.00K | -1.48M |
| Net Income | -3.48M | -4.47M | -3.62M | 956.58K | -4.15M | -2.61M |
Balance Sheet | ||||||
| Total Assets | 35.59M | 16.60M | 27.74M | 13.30M | 7.92M | 6.69M |
| Cash, Cash Equivalents and Short-Term Investments | 6.56M | 998.26K | 5.01M | 606.12K | 292.28K | 441.63K |
| Total Debt | 5.00K | 1.14M | 521.37K | 1.29M | 143.84K | 197.72K |
| Total Liabilities | 2.69M | 3.39M | 3.25M | 2.91M | 1.18M | 943.51K |
| Stockholders Equity | 32.90M | 13.21M | 24.49M | 10.39M | 6.74M | 5.75M |
Cash Flow | ||||||
| Free Cash Flow | -6.92M | -3.99M | -4.03M | -2.77M | -1.62M | -965.77K |
| Operating Cash Flow | -6.60M | -3.79M | -3.78M | -2.48M | -1.40M | -802.92K |
| Investing Cash Flow | -5.63M | -2.34M | -2.67M | -797.82K | -891.41K | -313.96K |
| Financing Cash Flow | 18.63M | 6.56M | 10.46M | 3.61M | 2.14M | 1.51M |
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% | |
51 Neutral | C$451.76M | -39.81 | -10.65% | ― | -11.90% | -0.32% | |
48 Neutral | C$42.15M | -8.88 | -15.37% | ― | ― | 61.75% | |
44 Neutral | C$6.42M | -1.04 | -49.81% | ― | -96.10% | -3.58% | |
43 Neutral | C$31.17M | -3.78 | ― | ― | -65.20% | 12.85% |
Foremost Lithium Resource & Technology Ltd Corporate Events
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.
Foremost Clean Energy reported that shareholders approved all matters put forward at its annual general meeting held on December 16, 2025, reinforcing the current strategic direction and governance framework. Investors backed a six-member board slate, reappointed Davidson & Company LLP as auditor for the coming year, and endorsed an amended and restated stock incentive plan, measures that collectively strengthen the company’s corporate oversight and align management incentives as it advances its uranium and lithium exploration portfolio in key North American jurisdictions.
Foremost Clean Energy reported that 2025 was a transformative year in which it strengthened its balance sheet, advanced multiple exploration programs and saw its share price more than double, signalling growing investor confidence in its strategy. Against a backdrop of surging policy support and projected demand for nuclear power and uranium—driven by U.S. national security measures, AI-related power needs, and major industry partnerships—the company highlighted its position as one of the few Nasdaq-listed uranium explorers in North America and underscored the strategic timing of its drilling in Canada’s Athabasca Basin. Key operational progress included completing diamond drilling campaigns on three core projects—Hatchet Lake, Murphy Lake South and Jean Lake—with the maiden program at Hatchet Lake expanded after encouraging early results and culminating in a new uranium zone discovery at the “Tuning Fork” target, where assays confirmed stronger-than-initially-reported mineralization, reinforcing Foremost’s potential role in future uranium supply chains.
Foremost Clean Energy Ltd. has successfully completed its 2025 diamond drill program at the Jean Lake Gold-Lithium Property in Manitoba, which included 15 holes totaling 2,266 meters. The company is now commencing a strategic core re-sampling program to enhance its geological model and expand understanding of mineralization. This initiative aims to improve the continuity and scale of the mineralized system, potentially impacting future drilling plans and the company’s position in the critical minerals sector.
Foremost Clean Energy Ltd. announced the commencement of a ground-based gravity survey at its Hatchet Lake Uranium Project in the Athabasca Basin, Saskatchewan. This survey aims to refine the geological model along the Richardson Trend by integrating various data types to enhance the understanding of subsurface structures controlling uranium mineralization. The results will guide the company’s winter 2026 drill program, focusing on prospective structural targets, potentially impacting Foremost’s positioning in the uranium exploration industry.
Foremost Clean Energy Ltd. has received a three-year exploration permit for its Turkey Lake Uranium Project in the Athabasca Basin, Saskatchewan, allowing for extensive drilling and exploration activities. The company plans to conduct a ground-based gravity survey in December to refine drill targets for a 2026 program, aiming to capitalize on favorable market conditions and historical findings of uranium mineralization in the area.
Foremost Clean Energy Ltd. has announced promising assay results from its 2025 drilling program at the Jean Lake Gold-Lithium Property, revealing high-grade gold intercepts at shallow depths along the Valkyrie Trend. These findings, including a notable interval of 34.2 g/t over 0.8m, underscore the potential of the Jean Lake project to become a significant gold resource, benefiting from strong gold market conditions and enhancing shareholder value.
Foremost Clean Energy Ltd. has successfully completed a 2,695-meter diamond drill program at its Murphy Lake South Uranium Property in the Athabasca Basin, northern Saskatchewan. The program, which was the first since 2017, aimed to follow up on high-priority targets and utilized new geological insights to refine target definitions. The drilling confirmed the presence of uranium-bearing hydrothermal fluids and validated the exploration model, indicating potential for significant uranium mineralization. The results are promising, with multiple zones of elevated radioactivity and strong hydrothermal alteration observed, suggesting a robust alteration and structural system. Assays are pending, but the preliminary findings are encouraging for the company’s future exploration efforts and its positioning within the uranium industry.
Foremost Clean Energy Ltd. announced promising assay results from the first two drill holes of its 2025 Jean Lake Drill Program, revealing high-grade gold mineralization. These findings expand the known boundaries of the gold-bearing structure, with highlights including an impressive 82 g/t Au over 0.7 m. With gold prices at historic highs, this discovery positions Foremost favorably in the market, potentially serving as a growth catalyst. The ongoing drill program aims to further explore both gold and lithium targets, with additional results pending.