Foremost Lithium Resource & Technology Ltd. (C:FAT*CA)

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
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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: $19.41M 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: 5,208,009 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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