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Foremost Clean Energy Ltd., an exploration stage company, explores and develops uranium and lithium assets in North America. The company has an option agreement of approximately 70% interest in 10 properties encompassing over 330,000 acres in Saskatchewan's Athabasca Basin. It holds interest in the Murphy Lake South, the Hatchet Lake, the Turkey Lake, the Torwalt Lake, the Marten, the Wolverine, and the Epp Lake properties located in northern Saskatchewan, Canada. In addition, the company holds interest in the Blackwing, the GR, and the CLK properties located in the northern portion of Saskatchewan, Canada. The company was formerly known as Foremost Lithium Resource & Technology Ltd. and changed its name to Foremost Clean Energy Ltd. in September 2024. Foremost Clean Energy Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures on Foremost Lithium Resource & Technology Ltd. are limited; the company identifies itself as a lithium resource and technology firm listed on NASDAQ under FMST. Its long-term growth drivers may include rising global battery demand and progress toward developing commercial lithium resources or extraction techniques, which could make the company attractive to investors seeking exposure to the lithium supply chain.
Key risks include limited public information and apparent early-stage operations, high sensitivity to lithium price swings and financing availability, potential equity dilution, and execution and regulatory uncertainty around resource development or technology commercialization.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Income before tax | -6.87M | -3.62M | -4.47M | 0.96M | -4.15M |
| Net income | -6.92M | -3.62M | -4.47M | 0.96M | -4.15M |
| Selling general administrative | 4.38M | 3.77M | 2.96M | 3.18M | 3.52M |
| Selling and marketing expenses | 4.16M | 1.44M | 0.85M | 0.16M | 0.27M |
| Gross profit | -0.02M | - | - | -0.00M | - |
| Ebit | - | -5.82M | -4.47M | -2.61M | -3.26M |
| Ebitda | -6.76M | -3.32M | -4.35M | -2.54M | -3.94M |
| Depreciation and amortization | - | - | 3.30M | 0.07M | -0.68M |
| Operating income | -8.90M | -5.82M | -4.50M | -2.61M | -3.26M |
| Other operating expenses | 8.88M | 5.82M | 4.50M | 3.54M | 3.96M |
| Interest expense | 0.02M | 0.29M | 0.13M | 0.10M | 0.11M |
| Interest income | 0.00M | 0.00M | 0.00M | 0.01M | 0.02M |
| Net interest income | -0.16M | -0.29M | -0.13M | -0.10M | -0.13M |
| Income tax expense | 0.05M | - | -0.17M | 1.02M | 0.80M |
| Total revenue | -0.02M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 8.88M | 5.82M | 4.50M | 3.54M | 3.96M |
| Cost of revenue | - | - | - | 0.00M | - |
| Total other income expense net | 2.03M | 2.20M | 0.03M | 4.59M | -0.09M |
| Net income from continuing ops | -6.90M | -3.62M | -4.47M | 0.96M | -4.15M |
| Net income applicable to common shares | - | - | - | - | -4.15M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Total assets | 39.44M | 27.74M | 16.60M | 13.30M | 7.92M |
| Other current assets | 0.23M | 0.12M | 0.34M | - | - |
| Total liab | 3.85M | 3.25M | 3.39M | 2.91M | 1.18M |
| Total stockholder equity | 35.59M | 24.49M | 13.21M | 10.39M | 6.74M |
| Other current liab | 2.96M | 2.00M | 0.49M | - | - |
| Common stock | 62.99M | 45.67M | 32.12M | - | 24.16M |
| Capital stock | 62.83M | 45.67M | 32.12M | 26.45M | 24.16M |
| Retained earnings | -30.70M | -24.46M | -21.48M | -17.87M | -19.72M |
| Other assets | - | - | 0.00M | - | 0.28M |
| Cash | 6.36M | 5.01M | 1.00M | 0.57M | 0.24M |
| Total current liabilities | 3.84M | 3.10M | 2.73M | 2.91M | 1.10M |
| Current deferred revenue | - | 0.48M | -1.10M | - | - |
| Net debt | -6.36M | -4.48M | 0.14M | 0.68M | - |
| Short term debt | - | 0.52M | 1.14M | - | - |
| Short long term debt | - | 0.52M | 1.14M | 1.26M | 0.01M |
| Short long term debt total | - | 0.52M | 1.14M | - | - |
| Other stockholder equity | - | - | 0.10M | - | 2.29M |
| Property plant equipment | - | - | - | - | 7.19M |
| Total current assets | 7.11M | 5.36M | 1.49M | 0.80M | 0.43M |
| Long term investments | 1.26M | 0.38M | 0.00M | 0.00M | 0.04M |
| Net tangible assets | - | - | - | - | 6.74M |
| Short term investments | - | - | - | 0.03M | 0.06M |
| Net receivables | 0.53M | 0.23M | 0.15M | - | 0.14M |
| Long term debt | - | - | - | - | 0.04M |
| Accounts payable | 0.87M | 0.09M | 1.10M | 0.88M | 0.60M |
| Accumulated other comprehensive income | 3.30M | 3.28M | 2.46M | - | - |
| Non currrent assets other | 0.33M | 0.67M | 0.02M | - | - |
| Non current assets total | 32.25M | 22.38M | 15.11M | 12.51M | 7.48M |
| Capital lease obligations | - | - | 0.00M | 0.03M | 0.10M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Investments | 0.00M | -2.67M | -2.34M | -0.80M | -0.89M |
| Change to liabilities | - | - | - | - | 0.40M |
| Total cashflows from investing activities | -8.78M | -2.67M | -2.34M | - | -0.89M |
| Net borrowings | -0.51M | -0.60M | -0.14M | - | -0.07M |
| Total cash from financing activities | 17.76M | 10.46M | 6.56M | 3.61M | 2.07M |
| Change to operating activities | - | - | - | - | -0.27M |
| Net income | -6.92M | -3.62M | -4.47M | 0.96M | -4.15M |
| Change in cash | 1.51M | 4.01M | 0.42M | 0.34M | -0.16M |
| Begin period cash flow | 4.85M | 1.00M | 0.57M | 0.24M | 0.39M |
| End period cash flow | 6.36M | 5.01M | 1.00M | 0.57M | 0.24M |
| Total cash from operating activities | -7.63M | -3.78M | -3.79M | -2.48M | -1.40M |
| Issuance of capital stock | 13.34M | 11.85M | 7.05M | 1.66M | 0.59M |
| Other cashflows from investing activities | 0.03M | -1.77M | 0.23M | - | 0.20M |
| Dividends paid | 0.00M | 0.00M | 0.00M | - | - |
| Change to account receivables | -0.30M | -0.09M | -0.01M | -0.03M | -0.03M |
| Other cashflows from financing activities | - | -0.79M | -0.24M | 2.02M | 1.55M |
| Change to netincome | - | - | - | - | 2.62M |
| Capital expenditures | 0.00M | 0.25M | 2.58M | 0.29M | 0.22M |
| Change in working capital | 0.21M | 1.40M | -0.32M | 0.36M | 0.13M |
| Stock based compensation | 1.24M | 0.87M | 0.91M | 0.82M | 2.48M |
| Other non cash items | -0.93M | -2.44M | 0.09M | -4.61M | 0.14M |
| Free cash flow | -7.63M | -4.03M | -6.38M | -2.77M | -1.62M |
Sector: Basic Materials Industry: Other Industrial Metals & Mining
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| FMST Foremost Lithium Resource & Technology Ltd. Common stock |
0.12 17.93% |
0.81 | - | - | - | 0.56 | 68.36 |
| BHPLF BHP Group Limited |
-0.89 2.24% |
38.92 | 19.59 | 15.20 | 3.72 | 3.95 | 7.44 |
| BHP BHP Group Limited |
1.31 1.67% |
79.89 | 19.28 | 15.06 | 3.66 | 3.92 | 7.42 |
| RTNTF Rio Tinto Group |
- -% |
102.31 | 15.69 | 13.70 | 3.05 | 4.44 | 12.05 |
| RTPPF Rio Tinto Group |
- -% |
83.55 | 13.01 | 11.99 | 2.53 | 2.38 | 6.57 |
Foremost Clean Energy Ltd., an exploration stage company, explores and develops uranium and lithium assets in North America. The company has an option agreement of approximately 70% interest in 10 properties encompassing over 330,000 acres in Saskatchewan's Athabasca Basin. It holds interest in the Murphy Lake South, the Hatchet Lake, the Turkey Lake, the Torwalt Lake, the Marten, the Wolverine, and the Epp Lake properties located in northern Saskatchewan, Canada. In addition, the company holds interest in the Blackwing, the GR, and the CLK properties located in the northern portion of Saskatchewan, Canada. The company was formerly known as Foremost Lithium Resource & Technology Ltd. and changed its name to Foremost Clean Energy Ltd. in September 2024. Foremost Clean Energy Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.
750 West Pender Street, Vancouver, BC, Canada, V7Y 1K3
604 330 8067
2
| Name | Title | Year Born |
|---|---|---|
| Mr. Jason Barnard | President, CEO & Director | 1967 |
| Mr. Sead Hamzagic CPA, CGA, CPA | CFO & Corporate Secretary | 1963 |
| Ms. Christina Barnard | Chief Operating Officer | 1970 |
| Mr. David Daniel Cates C.A., C.P.A., MAcc | Interim President, Interim CEO & Director | 1982 |
| Mr. Cameron MacKay M.Sc., P.Geo. | Vice President of Exploration | 1989 |
| Ms. Harpreet Bajaj B.Com., M.B.A. | Corporate Secretary | NA |
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