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Foremost Lithium Resource & Technology Ltd. Common stock FMST · USD

Materials · US listing · 🇺🇸 United States

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0.83

+2.66%

Close of 9 Nov 2026, in USD

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About Foremost Lithium Resource & Technology Ltd. Common stock

Its shares trade under the ticker FMST. It has been listed since 22 August 2023. In the fiscal year to 31 March 2026, it reported revenue of −$16,226 and a net loss of $4.9m. At that date it held total assets of $27.9m and shareholders' equity of $25.2m.

Foremost Clean Energy, an exploration stage company, explores and develops uranium and lithium assets in North America. It has an option agreement of approximately 70% interest in 10 properties encompassing over 330,000 acres in Saskatchewan's Athabasca Basin. The company also has an exploration permit for the Turkey Lake Uranium Project situated along the eastern edge of the Athabasca Basin. 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.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Chemicals
Listed since
22 Aug 2023
Employees
3
Head office
SUITE 250, 750 W. PENDER STREET, VANCOUVER
Incorporated in
A1
Classification
Miscellaneous Metal Ores
Filer status
Non-accelerated filer<br>Emerging growth company

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Foremost Clean Energy's 70% interest in 330,000 acres across Saskatchewan's Athabasca Basin provides significant resource potential.
  • The Turkey Lake Uranium Project exploration permit offers strategic access to a key uranium-rich region.
  • The company's focus on uranium and lithium aligns with growing clean energy demand in North America.

Weaknesses

  • With only 3 employees, the company faces operational scaling challenges for large-scale exploration.
  • The exploration stage status limits immediate revenue generation and financial stability.
  • The Athabasca Basin's remote location increases logistical and operational costs significantly.

Opportunities

  • Growing global demand for lithium and uranium supports potential market expansion in clean energy sectors.
  • The Athabasca Basin's established uranium mining infrastructure offers partnership opportunities.
  • The 2024 name change to Foremost Clean Energy reflects strategic alignment with clean energy trends.

Threats

  • Regulatory changes in uranium and lithium mining could impact exploration permits and operations.
  • Competition for resource rights in the Athabasca Basin may increase operational costs.
  • Market volatility in commodity prices affects the financial viability of exploration projects.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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