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FMSTW

Foremost Clean Energy Ltd.

Price Chart
Latest Quote

$0.16

+0.00 (+0.00%)
Current Price
Previous Close $0.16
Open $0.95
Day High $0.16
Day Low $0.16
Volume 1,850
Fetched: 2026-10-27T22:36:09
Stock Information
Note: Financial values converted from CAD to USD
Cash Equivalents $2.52M
Net Income $-5.94M
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Income$-5.94M
Book/sh$1.52
Financial Ratios
Quick Ratio1.72
Current Ratio1.84
Returns & Margins
ROA-8.98%
ROE-25.67%
Ownership
Insider & Institutional transactions data not available
Valuation Ratios
P/B0.11
Analyst Data
Recommendationnone
Technical Indicators
Shares Float13.75M
Volatility2.98
Performance History
YTD+0.00%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-10-26 $0.16 1,850
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 $117,296 $207,557 $90,420 $74,297
Total Expenses $6,338,818 $4,154,078 $3,212,858 $2,525,724
Other Income Expense $1,529,598 $1,779,593 $108,388 $3,276,853
Other Non Operating Income Expenses $1,296,183 $86,472 $8,170 $702,370
Net Non Operating Interest Income Expense $-117,296 $-207,557 $-89,482 $-67,956
Interest Expense Non Operating $117,296 $207,557 $90,420 $74,297
Operating Expense $6,338,818 $4,154,078 $3,212,858 $2,525,724
Other Operating Expenses $239,238 $215,344 $296,104 $142,249
Selling And Marketing Expense $2,972,795 $1,029,074 $608,209 $112,829
General And Administrative Expense $3,126,786 $2,909,659 $2,308,545 $2,270,646
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Net Interest Income $-117,296 $-207,557 $-89,482 $-67,956
Interest Income $0 $0 $938 $6,341
Normalized Income $-5,178,993 $-4,350,695 $-3,294,169 $-861,517
Net Income From Continuing And Discontinued Operation $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Net Income Common Stockholders $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Net Income $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Net Income Including Noncontrolling Interests $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Net Income Continuous Operations $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Pretax Income $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Special Income Charges $253,426 $1,443,678 $6,428 $2,599,138
Earnings From Equity Interest $-19,062 $-75,532 $0 $0
Interest Income Non Operating $0 $0 $938 $6,341
Operating Income $-6,338,818 $-4,154,078 $-3,212,858 $-2,525,724
Gross Profit - - - -
Other
Tax Effect Of Unusual Items $0 $0 $0 $1,029,793
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-5,061,697 $-4,143,138 $-3,203,750 $-1,817,013
Total Unusual Items $252,477 $1,768,653 $100,219 $2,574,482
Total Unusual Items Excluding Goodwill $252,477 $1,768,653 $100,219 $2,574,482
EBITDA (Bullshit earnings) $-4,809,220 $-2,374,485 $-3,103,531 $757,470
EBIT $-4,809,220 $-2,374,485 $-3,103,531 $757,470
Diluted NI Availto Com Stockholders $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Other Special Charges $-3,571 $-76,149 $-7,142 $-133,776
Write Off $90,811 $0 $714 $34,281
Restructuring And Mergern Acquisition $-340,666 $-1,367,529 $0 $0
Gain On Sale Of Security $-949 $324,975 $93,791 $-24,656
Selling General And Administration $6,099,580 $3,938,734 $2,916,753 $2,383,475
Other Gand A $1,164,979 $1,490,039 $928,076 $1,415,592
Insurance And Claims $240,268 $218,771 $191,180 -
Salaries And Wages $1,721,539 $1,200,849 $1,189,289 $855,054
Gain On Sale Of Ppe - $0 $0 $2,499,643
Gain On Sale Of Business - $1,367,529 $0 $0
Impairment Of Capital Assets - - - -
Fetched: 2026-10-23
Balance Sheet (Annual)
Metric 2026-03-31 2025-03-31 2024-03-31 2023-03-31
Assets
Net Tangible Assets $25,355,805 $17,491,974 $9,434,036 $7,418,670
Total Assets $28,097,056 $19,812,198 $11,854,633 $9,498,960
Total Non Current Assets $23,030,355 $15,983,788 $10,793,918 $8,930,935
Non Current Prepaid Assets $39,276 $108,542 $13,734 $17,429
Non Current Note Receivables $197,332 $371,376 $0 -
Investmentin Financial Assets $901,568 $0 - $2,071
Current Assets $5,066,701 $3,828,410 $1,060,715 $568,025
Prepaid Assets $160,995 $88,085 $243,352 $40,501
Receivables $376,207 $165,588 $104,420 $117,163
Accounts Receivable $376,207 $165,588 $104,420 $94,640
Cash Cash Equivalents And Short Term Investments $4,529,499 $3,574,737 $712,942 $410,361
Cash And Cash Equivalents $4,529,499 $3,574,737 $712,942 $410,361
Cash Financial $4,529,499 $3,574,737 $712,942 $410,361
Financial Assets Designatedas Fair Value Through Profitor Loss Total - - - $2,071
Other Receivables - - - $22,523
Taxes Receivable - - - $94,640
Non Current Accounts Receivable - - - -
Debt
Total Debt - $372,353 $813,112 $922,083
Current Debt And Capital Lease Obligation - $372,353 $813,112 $922,083
Current Debt - $372,353 $813,112 $897,525
Other Current Borrowings - $372,353 $813,112 $849,163
Net Debt - - $100,170 $487,165
Long Term Debt And Capital Lease Obligation - - $0 $0
Long Term Debt - - - -
Liabilities
Total Liabilities Net Minority Interest $2,741,251 $2,320,224 $2,420,597 $2,080,290
Total Non Current Liabilities Net Minority Interest $0 $0 $469,180 $0
Current Liabilities $2,741,251 $2,320,224 $1,951,417 $2,080,290
Other Current Liabilities $1,898,146 $1,388,581 $8,332 -
Current Deferred Liabilities $0 $340,666 $0 -
Payables And Accrued Expenses $843,105 $218,624 $1,129,973 $1,158,207
Payables $763,116 $178,511 $1,064,636 $936,093
Accounts Payable $624,839 $66,924 $786,857 $631,868
Derivative Product Liabilities - $109,102 $469,180 $0
Current Notes Payable - - $0 $48,362
Other Payable - - $215,660 $223,540
Equity
Common Stock Equity $25,355,805 $17,491,974 $9,434,036 $7,418,670
Total Equity Gross Minority Interest $25,355,805 $17,491,974 $9,434,036 $7,418,670
Stockholders Equity $25,355,805 $17,491,974 $9,434,036 $7,418,670
Gains Losses Not Affecting Retained Earnings $2,353,115 $2,343,189 $1,758,354 $1,290,454
Retained Earnings $-21,865,969 $-17,465,651 $-15,341,468 $-12,761,828
Long Term Equity Investment $0 $274,056 $0 -
Other Equity Interest - - $74,989 -
Other
Ordinary Shares Number $11,627,325 $7,441,770 $3,719,475 $2,835,036
Share Issued $11,627,325 $7,441,770 $3,719,475 $2,835,036
Tangible Book Value $25,355,805 $17,491,974 $9,434,036 $7,418,670
Invested Capital $25,355,805 $17,864,327 $10,247,148 $8,316,196
Working Capital $2,325,451 $1,508,187 $-890,702 $-1,512,265
Total Capitalization $25,355,805 $17,491,974 $9,434,036 $7,418,670
Capital Stock $44,868,660 $32,614,436 $22,942,161 $18,890,044
Common Stock $44,868,660 $32,614,436 $22,942,161 $18,890,044
Current Accrued Expenses $79,989 $40,114 $65,336 $222,114
Dueto Related Parties Current $138,277 $111,587 $62,120 $80,685
Investments And Advances $901,568 $274,056 $0 $2,071
Available For Sale Securities $901,568 - - -
Investmentsin Associatesat Cost $0 $274,056 $0 -
Net PPE $21,892,179 $15,229,814 $10,780,184 $8,911,435
Current Deferred Revenue - $340,666 $0 -
Treasury Shares Number - - $0 -
Capital Lease Obligations - - $0 $24,558
Long Term Capital Lease Obligation - - $0 $0
Current Capital Lease Obligation - - $0 $24,558
Other Investments - - - $0
Other Short Term Investments - - - $22,523
Fetched: 2026-10-23
Cash Flow Statement (Annual)
Metric 2026-03-31 2025-03-31 2024-03-31 2023-03-31
Free Cash Flow
Free Cash Flow $-5,583,641 $-2,878,411 $-2,852,159 $-1,979,054
Operating Activities
Operating Cash Flow $-5,422,950 $-2,699,896 $-2,710,159 $-1,768,397
Cash Flow From Continuing Operating Activities $-5,422,950 $-2,699,896 $-2,710,159 $-1,768,397
Operating Gains Losses $-325,892 $-1,724,191 $-126,640 $-2,627,991
Investing Activities
Capital Expenditure $-160,691 $-178,515 $-142,000 $-210,657
Investing Cash Flow $-6,254,968 $-1,909,316 $-1,674,475 $-569,793
Cash Flow From Continuing Investing Activities $-6,254,968 $-1,909,316 $-1,674,475 $-569,793
Net Other Investing Changes $-6,113,620 $-1,404,811 $-1,677,862 $-3,073,034
Financing Activities
Issuance Of Capital Stock $9,529,404 $8,463,348 $5,033,330 $1,186,835
Financing Cash Flow $12,632,681 $7,471,006 $4,687,215 $2,580,392
Cash Flow From Continuing Financing Activities $12,632,681 $7,471,006 $4,687,215 $2,580,392
Net Other Financing Charges $-729,317 $-482,472 $-268,115 $-71,150
Cash Dividends Paid $0 $0 $0 $0
Net Common Stock Issuance $9,529,404 $8,463,348 $5,033,330 $1,186,835
Common Stock Issuance $9,529,404 $8,463,348 $5,033,330 $1,186,835
Other
Repayment Of Debt $-364,184 $-428,510 $-98,932 $-51,155
End Cash Position $4,529,499 $3,574,737 $712,942 $410,361
Beginning Cash Position $3,574,737 $712,942 $410,361 $168,158
Changes In Cash $954,763 $2,861,794 $302,582 $242,203
Interest Paid Cff $-15,305 $-81,360 $-72,911 $0
Proceeds From Stock Option Exercised $4,212,083 $0 $93,844 $811,860
Net Issuance Payments Of Debt $-364,184 $-428,510 $-98,932 $652,846
Net Short Term Debt Issuance $-364,184 $-428,510 $-73,355 $704,001
Short Term Debt Payments $-364,184 $-428,510 $-73,355 -
Net Long Term Debt Issuance $0 $0 $-25,577 $-51,155
Long Term Debt Payments $0 $0 $-25,577 $-51,155
Interest Received Cfi $19,344 $0 $0 -
Net Investment Purchase And Sale $0 $0 $2,550 $0
Sale Of Investment $0 $0 $2,550 $0
Net Business Purchase And Sale $0 $-468,826 $0 $0
Purchase Of Business $0 $-468,826 $0 $0
Net PPE Purchase And Sale $-160,691 $-35,678 $836 $2,503,241
Sale Of PPE $0 $142,837 $142,837 $2,713,898
Purchase Of PPE $-160,691 $-178,515 $-142,000 $-210,657
Change In Working Capital $149,653 $1,000,177 $-102,995 $260,220
Change In Payables And Accrued Expense $428,844 $901,741 $105,941 $294,062
Change In Prepaid Assets $-68,572 $159,604 $-199,157 $-544
Change In Receivables $-210,618 $-61,168 $-9,780 $-33,298
Other Non Cash Items $-1,294,978 $-17,236 $63,021 $-700,444
Stock Based Compensation $883,973 $623,396 $650,407 $582,365
Asset Impairment Charge $90,811 $0 $0 $34,281
Earnings Losses From Equity Investments $19,062 $75,532 $0 $0
Gain Loss On Investment Securities $642,286 $-356,045 $-119,499 $3,642
Gain Loss On Sale Of Business $-987,240 $-1,367,529 $0 $0
Net Income From Continuing Operations $-4,926,516 $-2,582,042 $-3,193,951 $683,172
Interest Paid Supplemental Data - $81,360 $72,911 $63,420
Income Tax Paid Supplemental Data - - $0 $0
Gain Loss On Sale Of PPE - - $0 $-2,499,643
Issuance Of Debt - - - $704,001
Short Term Debt Issuance - - - $704,001
Long Term Debt Issuance - - - -
Unrealized Gain Loss On Investment Securities - - - -
Fetched: 2026-10-23