FMST

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Foremost Clean Energy Ltd.

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Key Metrics

Previous Close: $1.14
52-Week Range: $1.09 – $4.57
Market Cap: $20.65M
P/E (TTM): —
EPS (TTM): -0.44
Dividend Yield: —

Advanced Metrics

Price/Book: 0.76
PEG Ratio: —
Return on Equity: -25.67%
Return on Assets: -8.98%
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 1.84
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $-10.74M
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $16.23M

FMST Income statement, annual periods, in CAD
CAD	FY2023	FY2024	FY2025	FY2026
Revenue	$0.00	$0.00	$0.00	$0.00
Selling, General & Admin	$3.34M	$4.08M	$5.52M	$8.54M
Operating Expenses	$3.54M	$4.50M	$5.82M	$8.88M
Operating Income	-$3.54M	-$4.50M	-$5.82M	-$8.88M
EBITDA	$1.06M	-$4.35M	-$3.32M	-$6.73M
Pretax Income	$956.58K	-$4.47M	-$3.62M	-$6.90M
Net Income	$956.58K	-$4.47M	-$3.62M	-$6.90M
Diluted EPS	0.24	-0.99	-0.48	-0.53
Diluted Shares	3.93M	4.52M	7.51M	13.10M

FMST Balance Sheet statement, annual periods, in CAD
CAD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$574.59K	$998.26K	$5.01M	$6.34M
Receivables	$164.05K	$146.21K	$231.86K	$526.76K
Current Assets	$795.35K	$1.49M	$5.36M	$7.09M
Total Assets	$13.30M	$16.60M	$27.74M	$39.34M
Current Liabilities	$2.91M	$2.73M	$3.25M	$3.84M
Total Debt	$1.29M	$1.14M	$521.37K	—
Total Liabilities	$2.91M	$3.39M	$3.25M	$3.84M
Retained Earnings	-$17.87M	-$21.48M	-$24.46M	-$30.62M
Shareholders' Equity	$10.39M	$13.21M	$24.49M	$35.50M
Working Capital	-$2.12M	-$1.25M	$2.11M	$3.26M
Net Debt	$682.13K	$140.26K	—	—

FMST Cash Flow statement, annual periods, in CAD
CAD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	-$2.48M	-$3.79M	-$3.78M	-$7.59M
Capital Expenditure	-$294.96K	-$198.83K	-$249.96K	-$225.00K
Free Cash Flow	-$2.77M	-$3.99M	-$4.03M	-$7.82M
Stock-Based Compensation	$815.43K	$910.70K	$872.88K	$1.24M
Investing Cash Flow	-$797.82K	-$2.34M	-$2.67M	-$8.76M
Financing Cash Flow	$3.61M	$6.56M	$10.46M	$17.69M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	$339.13K	$423.68K	$4.01M	$1.34M

FMST Income statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00
Selling, General & Admin	$1.05M	$1.61M	$3.05M	$1.95M	$1.76M
Operating Expenses	$1.29M	$1.77M	$3.19M	$2.00M	$1.93M
Operating Income	-$1.29M	-$1.77M	-$3.19M	-$2.00M	-$1.93M
EBITDA	$791.26K	$418.08K	-$2.65M	-$1.92M	-$2.58M
Pretax Income	$778.57K	$405.84K	-$2.65M	-$1.92M	-$2.73M
Net Income	$778.57K	$405.84K	-$2.65M	-$1.92M	-$2.73M
Diluted EPS	—	0.04	-0.21	-0.13	—
Diluted Shares	—	11.42M	12.45M	14.35M	—

FMST Balance Sheet statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$5.01M	$5.89M	$6.56M	$4.08M	$6.34M
Receivables	$231.86K	$185.37K	$362.86K	$381.61K	$526.76K
Current Assets	$5.36M	$8.59M	$7.18M	$4.77M	$7.09M
Total Assets	$27.74M	$32.73M	$35.59M	$35.94M	$39.34M
Current Liabilities	$3.25M	$2.47M	$2.69M	$1.48M	$3.84M
Total Debt	$521.37K	$480.67K	$5.00K	—	—
Total Liabilities	$3.25M	$2.87M	$2.69M	$1.48M	$3.84M
Retained Earnings	-$24.46M	-$23.53M	-$26.18M	-$27.88M	-$30.62M
Shareholders' Equity	$24.49M	$29.86M	$32.90M	$34.46M	$35.50M
Working Capital	$2.11M	$6.11M	$4.49M	$3.29M	$3.26M

FMST Cash Flow statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$192.21K	-$1.61M	-$2.83M	-$1.69M	-$1.46M
Capital Expenditure	-$638.00	-$150.00K	-$75.00K	—	—
Free Cash Flow	$191.57K	-$1.76M	-$2.90M	-$1.69M	-$1.46M
Stock-Based Compensation	$166.44K	$34.73K	$409.82K	$386.96K	$406.23K
Investing Cash Flow	-$1.53M	-$2.23M	-$1.22M	-$3.89M	-$1.41M
Financing Cash Flow	-$35.29K	$4.73M	$4.72M	$3.10M	$5.13M
Dividends Paid	$0.00	$0.00	—	—	$0.00
Net Change in Cash	-$1.37M	$887.33K	$668.30K	-$2.48M	$2.26M

Market Snapshot

About

Foremost Clean Energy Ltd. operates in the renewable energy sector with a focus on lithium-ion battery materials and clean energy technology. The company is developing processing facilities and supply chain infrastructure for battery-grade materials used in electric vehicles and energy storage systems. Foremost's projects target the North American market for critical minerals and battery components, aiming to establish domestic supply chain capabilities. The company is in the development stage, working to advance its projects from exploration and permitting through construction and commercial operation. Foremost Clean Energy faces execution risks typical of early-stage mining and materials processing ventures.