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Foremost Lithium Resource & Technology Ltd
(FAT)
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Rating:42Neutral
Price Target:
C$1.50
▼(-9.09% Downside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and persistent negative free cash flow/cash burn), compounded by bearish technical trends (price below key moving averages with negative MACD). Valuation provides limited support because the negative P/E reflects ongoing losses and there is no dividend yield to offset risk.
Positive Factors
Minimal Debt
Minimal debt reduces fixed financial obligations and preserves flexibility while the company advances its exploration portfolio. A lightly levered balance sheet is better positioned to absorb operating setbacks and pursue future project funding without adding substantial interest or repayment pressure.
Negative Factors
No Operating Revenue
The absence of operating revenue means the business has not yet demonstrated commercial production or a self-funding revenue model. Until exploration produces an economic project or another monetization route, corporate activity remains dependent on capital availability rather than recurring customer cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Debt
Minimal debt reduces fixed financial obligations and preserves flexibility while the company advances its exploration portfolio. A lightly levered balance sheet is better positioned to absorb operating setbacks and pursue future project funding without adding substantial interest or repayment pressure.
Read all positive factors
Foremost Lithium Resource & Technology Ltd (FAT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.25M
Dividend YieldN/A
Average Volume (3M)10.85K
Price to Earnings (P/E)―
Beta (1Y)3.14
Revenue GrowthN/A
EPS Growth-51.53%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.59
Shares Outstanding17,352,142
10 Day Avg. Volume9,624
30 Day Avg. Volume10,846
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
FAT does not have publicly available, consistent disclosure of recurring operating revenue from product sales (e.g., lithium concentrate) in the typical sense for a producing mining company; therefore, details of ongoing commercial revenue streams...
Foremost Lithium Resource & Technology Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Jun 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 | -6.73M | -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
Negative
1.65
Price Trends
2.01
Negative
2.16
Negative
2.64
Negative
Market Momentum
-0.18
Positive
29.30
Positive
3.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FAT, the sentiment is Negative. The current price of 1.65 is above the 20-day moving average (MA) of 1.62, below the 50-day MA of 2.01, and below the 200-day MA of 2.64, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 29.30 is Positive, neither overbought nor oversold. The STOCH value of 3.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
51 Neutral | C$43.48M | -9.55 | -112.16% | ― | 439.89% | 42.91% | |
42 Neutral | C$23.25M | -2.26 | -24.18% | ― | ― | -51.53% | |
41 Neutral | C$7.96M | -1.22 | -54.43% | ― | -100.00% | 22.47% | |
39 Underperform | C$286.75M | -22.01 | -11.76% | ― | -15.00% | -25.13% |
* Basic Materials Sector Average
TSE:FAT
Foremost Lithium Resource & Technology Ltd
1.34
-3.05
-69.48%
TSE:GRA
NanoXplore Inc
1.58
-1.50
-48.70%
TSE:HELI
First Helium Inc.
0.03
<0.01
50.00%
TSE:CH
Charbone Hydrogen Corporation
0.15
0.09
150.00%
TSE:SWAN
Black Swan Graphene Inc
0.95
-0.35
-26.92%
TSE:FNDX
FendX Technologies, Inc.
0.20
-0.53
-72.60%
Foremost Lithium Resource & Technology Ltd Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Foremost Clean Energy Stake in Rio Grande Falls Below Early Warning Threshold
Neutral
Aug 28, 2026
Foremost Clean Energy Ltd. has filed an early warning report after its ownership stake in Rio Grande Resources Ltd. fell below the 10% threshold that triggers enhanced disclosure requirements. The change followed Rio Grande’s recent $2.55 mi...
Business Operations and StrategyExecutive/Board Changes
Foremost Clean Energy Grants Stock Options to Align Strategy and Talent
Positive
Aug 14, 2026
Foremost Clean Energy Ltd. is a North American exploration company focused on uranium, lithium and gold projects that support growing demand for reliable, carbon-free energy sources. It holds options to earn significant interests in 10 uranium pro...
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.