FMSTW

Foremost Clean Energy Ltd.

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$0.40

+0.00 (+0.00%)
Current Price
Previous Close $0.40
Open $0.95
Day High $0.40
Day Low $0.39
Fetched: 2026-08-30T22:09:09
Stock Information
Note: Financial values converted from CAD to USD
Cash Equivalents $2.55M
Net Income $-6.00M
Exchange NCM
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Recent Price History
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About Foremost Clean Energy Ltd.

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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Income Statement (Annual)
Metric 2026-03-31 2025-03-31 2024-03-31 2023-03-31
Revenue
Total Revenue $0 $0 $0 $0
Operating Revenue $0 $0 $0 $0
Reconciled Cost Of Revenue - - - -
Cost Of Revenue - - - -
Expenses
Interest Expense $119,324 $211,146 $91,983 $75,582
Total Expenses $6,448,426 $4,225,908 $3,268,413 $2,569,398
Other Income Expense $1,556,047 $1,810,365 $110,262 $3,333,514
Other Non Operating Income Expenses $1,318,596 $87,967 $8,311 $714,515
Net Non Operating Interest Income Expense $-119,324 $-211,146 $-91,029 $-69,131
Interest Expense Non Operating $119,324 $211,146 $91,983 $75,582
Operating Expense $6,448,426 $4,225,908 $3,268,413 $2,569,398
Other Operating Expenses $243,375 $219,068 $301,224 $144,709
Selling And Marketing Expense $3,024,199 $1,046,869 $618,726 $114,780
General And Administrative Expense $3,180,852 $2,959,972 $2,348,463 $2,309,909
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Net Interest Income $-119,324 $-211,146 $-91,029 $-69,131
Interest Income $0 $0 $955 $6,451
Normalized Income $-5,268,546 $-4,425,925 $-3,351,131 $-876,414
Net Income From Continuing And Discontinued Operation $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Net Income Common Stockholders $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Net Income $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Net Income Including Noncontrolling Interests $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Net Income Continuous Operations $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Pretax Income $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Special Income Charges $257,808 $1,468,641 $6,539 $2,644,081
Earnings From Equity Interest $-19,391 $-76,838 $0 $0
Interest Income Non Operating $0 $0 $955 $6,451
Operating Income $-6,448,426 $-4,225,908 $-3,268,413 $-2,569,398
Gross Profit - - - -
Other
Tax Effect Of Unusual Items $0 $0 $0 $1,047,600
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-5,149,221 $-4,214,779 $-3,259,147 $-1,848,431
Total Unusual Items $256,842 $1,799,236 $101,951 $2,618,999
Total Unusual Items Excluding Goodwill $256,842 $1,799,236 $101,951 $2,618,999
EBITDA (Bullshit earnings) $-4,892,379 $-2,415,543 $-3,157,196 $770,567
EBIT $-4,892,379 $-2,415,543 $-3,157,196 $770,567
Diluted NI Availto Com Stockholders $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Other Special Charges $-3,633 $-77,466 $-7,265 $-136,089
Write Off $92,381 $0 $727 $34,874
Restructuring And Mergern Acquisition $-346,556 $-1,391,176 $0 $0
Gain On Sale Of Security $-966 $330,594 $95,413 $-25,082
Selling General And Administration $6,205,051 $4,006,840 $2,967,188 $2,424,689
Other Gand A $1,185,123 $1,515,804 $944,124 $1,440,070
Insurance And Claims $244,422 $222,554 $194,486 -
Salaries And Wages $1,751,307 $1,221,614 $1,209,853 $869,839
Gain On Sale Of Ppe - $0 $0 $2,542,866
Gain On Sale Of Business - $1,391,176 $0 $0
Impairment Of Capital Assets - - - -
Fetched: 2026-08-22
Balance Sheet (Annual)
Metric 2026-03-31 2025-03-31 2024-03-31 2023-03-31
Assets
Net Tangible Assets $25,794,245 $17,794,437 $9,597,165 $7,546,950
Total Assets $28,582,896 $20,154,780 $12,059,617 $9,663,211
Total Non Current Assets $23,428,584 $16,260,171 $10,980,561 $9,085,364
Non Current Prepaid Assets $39,955 $110,419 $13,972 $17,730
Non Current Note Receivables $200,744 $377,797 $0 -
Investmentin Financial Assets $917,158 $0 - $2,107
Current Assets $5,154,312 $3,894,609 $1,079,056 $577,847
Prepaid Assets $163,779 $89,608 $247,560 $41,202
Receivables $382,712 $168,452 $106,226 $119,189
Accounts Receivable $382,712 $168,452 $106,226 $96,277
Cash Cash Equivalents And Short Term Investments $4,607,821 $3,636,549 $725,270 $417,456
Cash And Cash Equivalents $4,607,821 $3,636,549 $725,270 $417,456
Cash Financial $4,607,821 $3,636,549 $725,270 $417,456
Financial Assets Designatedas Fair Value Through Profitor Loss Total - - - $2,107
Other Receivables - - - $22,913
Taxes Receivable - - - $96,277
Non Current Accounts Receivable - - - -
Debt
Total Debt - $378,791 $827,172 $938,027
Current Debt And Capital Lease Obligation - $378,791 $827,172 $938,027
Current Debt - $378,791 $827,172 $913,045
Other Current Borrowings - $378,791 $827,172 $863,846
Net Debt - - $101,902 $495,589
Long Term Debt And Capital Lease Obligation - - $0 $0
Long Term Debt - - - -
Liabilities
Total Liabilities Net Minority Interest $2,788,651 $2,360,344 $2,462,453 $2,116,261
Total Non Current Liabilities Net Minority Interest $0 $0 $477,293 $0
Current Liabilities $2,788,651 $2,360,344 $1,985,160 $2,116,261
Other Current Liabilities $1,930,968 $1,412,592 $8,476 -
Current Deferred Liabilities $0 $346,556 $0 -
Payables And Accrued Expenses $857,683 $222,405 $1,149,512 $1,178,234
Payables $776,311 $181,598 $1,083,046 $952,279
Accounts Payable $635,644 $68,081 $800,463 $642,794
Derivative Product Liabilities - $110,989 $477,293 $0
Current Notes Payable - - $0 $49,199
Other Payable - - $219,389 $227,406
Equity
Common Stock Equity $25,794,245 $17,794,437 $9,597,165 $7,546,950
Total Equity Gross Minority Interest $25,794,245 $17,794,437 $9,597,165 $7,546,950
Stockholders Equity $25,794,245 $17,794,437 $9,597,165 $7,546,950
Gains Losses Not Affecting Retained Earnings $2,393,803 $2,383,706 $1,788,758 $1,312,768
Retained Earnings $-22,244,064 $-17,767,658 $-15,606,745 $-12,982,499
Long Term Equity Investment $0 $278,795 $0 -
Other Equity Interest - - $76,286 -
Other
Ordinary Shares Number $11,828,379 $7,570,449 $3,783,790 $2,884,058
Share Issued $11,828,379 $7,570,449 $3,783,790 $2,884,058
Tangible Book Value $25,794,245 $17,794,437 $9,597,165 $7,546,950
Invested Capital $25,794,245 $18,173,228 $10,424,337 $8,459,995
Working Capital $2,365,661 $1,534,266 $-906,104 $-1,538,414
Total Capitalization $25,794,245 $17,794,437 $9,597,165 $7,546,950
Capital Stock $45,644,505 $33,178,389 $23,338,865 $19,216,681
Common Stock $45,644,505 $33,178,389 $23,338,865 $19,216,681
Current Accrued Expenses $81,372 $40,807 $66,466 $225,955
Dueto Related Parties Current $140,668 $113,516 $63,194 $82,080
Investments And Advances $917,158 $278,795 $0 $2,107
Available For Sale Securities $917,158 - - -
Investmentsin Associatesat Cost $0 $278,795 $0 -
Net PPE $22,270,727 $15,493,160 $10,966,589 $9,065,527
Current Deferred Revenue - $346,556 $0 -
Treasury Shares Number - - $0 -
Capital Lease Obligations - - $0 $24,983
Long Term Capital Lease Obligation - - $0 $0
Current Capital Lease Obligation - - $0 $24,983
Other Investments - - - $0
Other Short Term Investments - - - $22,913
Fetched: 2026-08-22
Cash Flow Statement (Annual)
Metric 2026-03-31 2025-03-31 2024-03-31 2023-03-31
Free Cash Flow
Free Cash Flow $-5,680,190 $-2,928,183 $-2,901,477 $-2,013,275
Operating Activities
Operating Cash Flow $-5,516,721 $-2,746,581 $-2,757,021 $-1,798,975
Cash Flow From Continuing Operating Activities $-5,516,721 $-2,746,581 $-2,757,021 $-1,798,975
Operating Gains Losses $-331,527 $-1,754,005 $-128,830 $-2,673,433
Investing Activities
Capital Expenditure $-163,470 $-181,602 $-144,456 $-214,300
Investing Cash Flow $-6,363,126 $-1,942,331 $-1,703,429 $-579,645
Cash Flow From Continuing Investing Activities $-6,363,126 $-1,942,331 $-1,703,429 $-579,645
Net Other Investing Changes $-6,219,334 $-1,429,103 $-1,706,874 $-3,126,171
Financing Activities
Issuance Of Capital Stock $9,694,181 $8,609,691 $5,120,363 $1,207,358
Financing Cash Flow $12,851,118 $7,600,191 $4,768,264 $2,625,011
Cash Flow From Continuing Financing Activities $12,851,118 $7,600,191 $4,768,264 $2,625,011
Net Other Financing Charges $-741,928 $-490,814 $-272,751 $-72,380
Cash Dividends Paid $0 $0 $0 $0
Net Common Stock Issuance $9,694,181 $8,609,691 $5,120,363 $1,207,358
Common Stock Issuance $9,694,181 $8,609,691 $5,120,363 $1,207,358
Other
Repayment Of Debt $-370,482 $-435,920 $-100,642 $-52,039
End Cash Position $4,607,821 $3,636,549 $725,270 $417,456
Beginning Cash Position $3,636,549 $725,270 $417,456 $171,066
Changes In Cash $971,272 $2,911,279 $307,814 $246,391
Interest Paid Cff $-15,570 $-82,767 $-74,172 $0
Proceeds From Stock Option Exercised $4,284,916 $0 $95,466 $825,899
Net Issuance Payments Of Debt $-370,482 $-435,920 $-100,642 $664,135
Net Short Term Debt Issuance $-370,482 $-435,920 $-74,623 $716,174
Short Term Debt Payments $-370,482 $-435,920 $-74,623 -
Net Long Term Debt Issuance $0 $0 $-26,019 $-52,039
Long Term Debt Payments $0 $0 $-26,019 $-52,039
Interest Received Cfi $19,678 $0 $0 -
Net Investment Purchase And Sale $0 $0 $2,594 $0
Sale Of Investment $0 $0 $2,594 $0
Net Business Purchase And Sale $0 $-476,933 $0 $0
Purchase Of Business $0 $-476,933 $0 $0
Net PPE Purchase And Sale $-163,470 $-36,295 $851 $2,546,526
Sale Of PPE $0 $145,307 $145,307 $2,760,825
Purchase Of PPE $-163,470 $-181,602 $-144,456 $-214,300
Change In Working Capital $152,241 $1,017,472 $-104,776 $264,720
Change In Payables And Accrued Expense $436,259 $917,334 $107,773 $299,147
Change In Prepaid Assets $-69,758 $162,364 $-202,600 $-554
Change In Receivables $-214,260 $-62,226 $-9,949 $-33,874
Other Non Cash Items $-1,317,370 $-17,534 $64,111 $-712,556
Stock Based Compensation $899,258 $634,175 $661,654 $592,435
Asset Impairment Charge $92,381 $0 $0 $34,874
Earnings Losses From Equity Investments $19,391 $76,838 $0 $0
Gain Loss On Investment Securities $653,392 $-362,201 $-121,565 $3,705
Gain Loss On Sale Of Business $-1,004,311 $-1,391,176 $0 $0
Net Income From Continuing Operations $-5,011,703 $-2,626,689 $-3,249,179 $694,985
Interest Paid Supplemental Data - $82,767 $74,172 $64,516
Income Tax Paid Supplemental Data - - $0 $0
Gain Loss On Sale Of PPE - - $0 $-2,542,866
Issuance Of Debt - - - $716,174
Short Term Debt Issuance - - - $716,174
Long Term Debt Issuance - - - -
Unrealized Gain Loss On Investment Securities - - - -
Fetched: 2026-08-22