Foremost Lithium Resource & Technology Ltd. (C:FAT)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | Suite 250, 750 W. Pender Street VANCOUVER BC V6C 2T7 |
| Tel: | N/A |
| Website: | https://foremostlithium.com |
| IR: | See website |
| Key People | ||
| Jason Barnard President, Chief Executive Officer, Director | Sead Hamzagic Chief Financial Officer, Company Secretary | Christina Barnard Chief Operating Officer |
| Business Overview |
| Foremost Lithium Resource & Technology Ltd. is a lithium exploration company. The Company owns the four Lithium Lane projects in the Snow Lake, Manitoba as well as Lac Simard South Project in Quebec, totaling 54,758 acres/ 22,160 hectares. Its Lithium Lane Projects are centrally located in the heart of North America. The Zoro Lithium Project is located in west-central Manitoba, 571 kilometers (km) north-northeast of Winnipeg approximately 20 km east of the town historic mining friendly town of Snow Lake. The Grass River Claims Project (GRC) consists of 29 claims totaling 15,664 acres/6,339 hectares. The Peg North project claims consist of 28 claims. The Peg North project is located at the east end of the Flin Flon-Snow Lake greenstone belt. The Jean Lake Lithium-Gold Project is located in the Snow Lake District of Manitoba. The Winston Gold and Silver Project property is located in the Black Range of Sierra County, New Mexico. Its Zoro Lithium Project occurs in east-central Manitoba. |
| Financial Overview |
| For the nine months ended 31 December 2023, Foremost Lithium Resource & Technlgy Ltd revenues was not reported. Net loss totaled C$3M vs. income of C$635K. Net loss reflects Gain on sale of property decrease from C$3.5M (income) to C$0K, Recovery of flow-through premium liabili decrease from C$611K (income) to C$0K, Sales and marketing increase from C$148K to C$437K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $19.87M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.60M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$9.53M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 5,455,480 as of May 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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