Foremost Clean Energy Ltd.(FMSTW)Earnings, Financials & Key Ratios
FMSTW•NASDAQ
$0.52
Price updated Jul 6, 2026
AboutForemost Lithium Resource & Technology Ltd., an exploration stage company, engages in the identification and development of mineral properties in Canada and the United States. It explores for lithium, silver, and gold properties. The company has 100% interests in the Zoro Lithium project that consists of 16 claims covering an area of approximately 3,003 hectares located in the Snow Lake, Manitoba; the Winston property that consists of 140 unpatented mining claims and 2 patented Ivanhoe and Emporia lode mining claims covering an area of approximately 2,800 acres located in Sierra County, New Mexico; and the Lac Simard South property comprising 60 claims covering an area of approximately 3,485 hectares located in the Province of Quebec. It also holds an option agreement to acquire a 100% interest in the Jean Lake lithium-gold project that consists of 5 mineral claims covering an area of approximately 1002 hectares located to the north of Winnipeg; Grass River property, which consists of 29 claims covering an area of approximately 6,299 hectares located in the Snow Lake, Manitoba, as well as Peg North property that comprises 28 mineral claims covering an area of approximately 6,757 hectares located in the Snow Lake, Manitoba. The company was formerly known as Far Resources Ltd. and changed its name to Foremost Lithium Resource & Technology Ltd. in January 2022. Foremost Lithium Resource & Technology Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.Show more
- Revenue$0
- EBITDA-$9M-152.3%
- Net Income-$7M-90.8%
- EPS (Diluted)-0.53-10.4%
- ROE-23%-19.9%
FMSTW Price & Volume
Foremost Clean Energy Ltd. (FMSTW) stock price & volume — 10-year historical chart
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Persistent Exploration Burn Risks Shareholder Equity Dilution
Investment Thesis • Updated 2026Q3
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Capital Dilution and Burn
Key Thesis Takeaways
- Foremost Clean Energy remains in a high-risk, pre-revenue exploration phase, with its valuation heavily tethered to the speculative success of Manitoba-based spodumene projects.
- The company's reliance on external equity financing to cover recurring operating losses, which reached $3.2 million in 2026Q2, creates a persistent overhang of dilution risk for existing shareholders.
- Investors should monitor the company's ability to transition from capital-intensive drilling to resource definition, as the current $27.9 million accumulated deficit underscores the lack of internal cash generation.
Verdict Logic
the company's reliance on equity-based financing to sustain operations, coupled with a $3.9 million capital expenditure in 2026Q3, suggests significant ongoing dilution risk for investors.
FMSTW Growth Metrics
Foremost Clean Energy Ltd. (FMSTW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-90.8%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-107.22%
Return on Capital
10 Years-79.25%
5 Years-37.42%
3 Years-28.98%
Last Year-29.51%
Peers Comparison
Key metrics vs top competitors for Foremost Clean Energy Ltd. (FMSTW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.52 | $6.47M | -1.40 | — | — | -23% | — | |
| $3.82 | $852.92M | -7.49 | — | — | -8.28% | — | |
| $2.68 | $547.3M | -8.93 | — | — | -16.33% | — | |
| $133.80 | $15.78B | -23.27 | -4.37% | -4.24% | -2.29% | — | |
| $73.52 | $21B | 35.69 | 0.89% | 15.38% | 12.01% | — | |
| $12.37 | $1.38B | -27.49 | -47.3% | -42.21% | -51.96% | — |
Compare FMSTW vs Peers
Foremost Clean Energy Ltd. (FMSTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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FMSTW Frequently Asked Questions
Foremost Clean Energy Ltd. (FMSTW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is FMSTW profitable?
Foremost Clean Energy Ltd. (FMSTW) reported a net loss of $6.9M for fiscal year 2026.
Dividend & Returns
What is FMSTW's return on equity?
Foremost Clean Energy Ltd. (FMSTW) has a return on equity (ROE) of -23.0%. Negative ROE indicates the company is unprofitable.
What is Foremost Clean Energy Ltd.'s free cash flow?
Foremost Clean Energy Ltd. (FMSTW) had negative free cash flow of $7.8M in fiscal year 2026, likely due to heavy capital investments.