Top Page
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 |
|---|---|---|---|---|---|---|---|
52 Neutral | $1.24B | ― | -40.19% | ― | 32.63% | -58.81% | |
49 Neutral | $1.92B | -1.52 | -22.04% | 3.84% | 0.67% | -27.41% | |
42 Neutral | $824.45M | ― | -4.13% | ― | ― | ― | |
41 Neutral | $92.59M | 60.56 | 2.13% | ― | ― | ― | |
39 Underperform | C$10.13M | ― | -30.15% | ― | ― | -59.60% |
Foremost Lithium Resource & Technology Ltd Corporate Events
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.
Foremost Clean Energy Ltd. and Rio Grande Resources Ltd. have completed a spin-out transaction, transferring Foremost’s Winston gold and silver properties to Rio Grande. This strategic move allows Foremost to focus on its uranium exploration in the Athabasca Basin, while Rio Grande capitalizes on the promising Winston Property amid favorable gold market conditions. This transaction enhances opportunities for both companies, with significant ownership stakes held by Foremost and Denison Mines Corp., potentially impacting their market positioning.
Foremost Clean Energy Ltd. announced an update regarding the effective date of its spin-out of gold and silver properties into Rio Grande Resources Ltd., clarifying that the arrangement will take effect on January 31, 2025, instead of the previously communicated date. This spin-out will result in shareholders receiving new shares in both Foremost and Rio Grande, with trading of the new Foremost shares commencing at the same time. The announcement is significant for the company’s operations as it realigns its focus on uranium and lithium exploration, potentially strengthening its position in the clean energy sector.
Foremost Clean Energy Ltd. has announced a slight delay in the spin-out of its gold and silver properties into a new public company, Rio Grande Resources Ltd. Originally scheduled for January 30, 2025, the effective date has been moved to January 31, 2025. This spin-out allows Foremost to focus more on its core operations in uranium and lithium exploration, potentially strengthening its market position in the clean energy sector. Shareholders will receive shares in both Foremost and Rio Grande, with no further action required on their part unless they hold physical share certificates.
Foremost Clean Energy Ltd. announced the spin-out of its gold and silver assets into a separate company, Rio Grande Resources Ltd., allowing it to concentrate on its uranium and lithium projects. This strategic move is expected to enhance shareholder value by enabling focused growth in both companies, with Foremost continuing to trade under its existing symbols and Rio Grande seeking listing approval from the Canadian Securities Exchange.