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FMSTW

Foremost Lithium Resource & Technology Ltd.

FMSTW

Foremost Lithium Resource & Technology Ltd. • NASDAQ
$1.00 ▲ 1.10% (+0.01)
Market Cap $12.45 M
52w High $1.00
52w Low $0.95
Dividend Yield 0%
P/E 0
Volume 1.69K
Outstanding Shares 12.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $0 $3.186M ▲ $-2.649M ▼ 0% $-0.21 ▼ $-2.646M ▼
Q1-2026 $0 $1.768M ▲ $405.838K ▼ 0% $0.046 ▼ $418.079K ▼
Q4-2025 $0 $1.295M ▼ $778.565K ▲ 0% $0.089 ▲ $791.262K ▲
Q3-2025 $0 $2.138M ▲ $-2.013M ▼ 0% $-0.23 ▲ $-1.993M ▼
Q2-2025 $0 $1.32M $-1.524M 0% $-0.28 $-1.298M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $6.561M ▼ $35.585M ▲ $2.69M ▼ $32.895M ▲
Q1-2026 $7.748M ▲ $32.731M ▲ $2.87M ▼ $29.861M ▲
Q4-2025 $5.005M ▼ $27.741M ▼ $3.249M ▼ $24.492M ▼
Q3-2025 $6.376M ▲ $29.64M ▲ $3.498M ▼ $26.143M ▲
Q2-2025 $167.305K $16.599M $4.238M $12.361M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-2.649M ▼ $-2.827M ▼ $-1.225M ▲ $4.72M ▼ $668.298K ▼ $-2.902M ▼
Q1-2026 $405.838K ▼ $-1.613M ▼ $-2.233M ▼ $4.733M ▲ $887.331K ▲ $-1.763M ▼
Q4-2025 $778.565K ▲ $192.205K ▲ $-1.528M ▼ $-35.29K ▼ $-1.371M ▼ $191.567K ▲
Q3-2025 $-2.013M ▼ $-2.356M ▼ $-648.056K ▼ $9.212M ▲ $6.209M ▲ $-2.445M ▼
Q2-2025 $-1.524M $-44.748K $-292.936K $-10.835K $-348.519K $121.56K

Five-Year Company Overview

Income Statement

Income Statement The company is still in a pure exploration stage, so it is not generating operating revenue yet. Its income statement is driven almost entirely by exploration, corporate, and financing costs rather than by sales. Earnings per share have been volatile from year to year, which is typical for a very small resource explorer that may have occasional accounting gains or one‑off items but no steady business activity. Overall, the pattern points to an early‑stage company that is spending money to build future potential rather than producing cash today.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small base of assets and equity and essentially no reported debt. This indicates a lean capital structure, but it also highlights limited financial resources to fund large-scale drilling or project development without external financing. The absence of meaningful debt reduces financial strain, yet the modest asset base underlines how early the projects are in their life cycle and how dependent the company is on raising additional capital as it advances exploration.

Cash Flow

Cash Flow Reported cash flow figures are effectively flat in the data provided, which is more a sign of limited disclosure detail than of true zero activity. In practice, an explorer at this stage usually has cash flowing out for exploration and corporate expenses and cash flowing in from periodic equity financings, rather than internally generated cash from operations. The key implication is that the business is not self‑funding; progress depends on continued access to capital markets or partners to support exploration programs.

Competitive Edge

Competitive Edge Competitively, the company is a very small player in a sector dominated by larger, better-funded mining and energy groups. Its main differentiators are the focus on two critical clean‑energy minerals—uranium and lithium—and its partnership with an established uranium company in a premier uranium region. This partnership provides technical support and credibility, but the company still faces intense competition for exploration capital, drill crews, and investor attention. Its assets are in attractive jurisdictions, which is a strength, yet they remain at an early exploration stage, so the competitive position is more about potential than proven advantage.

Innovation and R&D

Innovation and R&D Innovation for this business is about how it explores, not about manufacturing or products. It is using modern geophysical tools—such as advanced seismic-style imaging and airborne electromagnetic surveys—to better target potential uranium zones, which can make exploration more efficient and less costly per discovery. On the lithium side, early test work indicates the ore can produce a high‑grade concentrate using standard industry methods, suggesting no need for exotic processing technology. The dual focus on uranium and lithium is itself a strategic R&D choice, spreading technical effort across two key clean‑energy materials while increasing execution complexity.

Summary

Overall, this is an early‑stage, high‑uncertainty exploration story with essentially no current operating revenue and a very small asset base. The company has repositioned itself around the clean‑energy theme, targeting both uranium and lithium in well‑known mining regions and supported by a notable industry partnership. Its future hinges on exploration success, favorable commodity markets, and ongoing access to capital, rather than on existing cash generation or established operations. Any meaningful change in its financial profile will likely depend on drill results, resource definitions, and potential future development decisions over several years.