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FMSTW logoForemost Lithium Resource & Technology Ltd.(FMSTW)Earnings, Financials & Key Ratios

FMSTW•NASDAQ
$0.87
$6M mkt cap·Price updated May 6, 2026
SectorBasic MaterialsIndustryChemicalsSub-IndustryNuclear materials and mineral development
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-$3M
  • Net Income-$4M+19.2%
  • EPS (Diluted)-0.48+51.5%
  • ROE-19.18%+49.4%
  • ROIC-26.16%-29.2%
  • Debt/Equity0.02-75.3%
  • Interest Coverage-20.01+23.2%
Technical→

FMSTW Key Insights

Foremost Lithium Resource & Technology Ltd. (FMSTW) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Shares diluted 66.3% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FMSTW Price & Volume

Foremost Lithium Resource & Technology Ltd. (FMSTW) stock price & volume — 10-year historical chart

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FMSTW Growth Metrics

Foremost Lithium Resource & Technology 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-
TTM23.55%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM64.92%

Return on Capital

10 Years-85.35%
5 Years-38.96%
3 Years-31.92%
Last Year-30.21%

FMSTW Peer Comparison

Foremost Lithium Resource & Technology Ltd. (FMSTW) competitors in Nuclear materials and mineral development — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
LAC logoLACLithium Americas Corp.Direct Competitor1.45B5.99-28.52-26.94%0.02
SLI logoSLIStandard Lithium Ltd.Direct Competitor960.26M4.036.6868.23%0.00
ALB logoALBAlbemarle CorporationProduct Competitor22.7B192.61-33.50-4.37%-5%-2.7%0.34
SQM logoSQMSociedad Química y Minera de Chile S.A.Product Competitor13.35B93.46-65.82-39.35%12.12%9.48%0.93
SGML logoSGMLSigma Lithium CorporationProduct Competitor2.55B22.85-49.2815.18%-23.32%-44.63%1.91
MP logoMPMP Materials Corp.Supply Chain12.91B72.65-145.3035.12%-31.18%-5.04%0.44
CBAT logoCBATCBAK Energy Technology, Inc.Supply Chain70.85M0.796.08-13.61%-4.03%-5.5%0.25
TSLA logoTSLATesla, Inc.Often Compared1.5T398.53369.01-2.93%3.96%4.75%0.10

Compare FMSTW vs Peers

Foremost Lithium Resource & Technology Ltd. (FMSTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LAC

Most directly comparable listed peer for FMSTW.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare FMSTW against a more recognizable public peer.

Peer Set

Compare Top 5

vs LAC, SLI, ALB, SQM

FMSTW Income Statement

Foremost Lithium Resource & Technology Ltd. (FMSTW) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Sales/Revenue0000000000
Revenue Growth %----------
Cost of Goods Sold0003.77K000000
COGS % of Revenue----------
Gross Profit
0▲ 0%
0▲ 0%
0▲ 0%
-3.77K▲ 0%
0▲ 100.0%
0▲ 0%
-4▲ 0%
0▲ 100.0%
0▲ 0%
0▲ 0%
Gross Margin %----------
Gross Profit Growth %----100%--100%--
Operating Expenses1.23M10.64M2.65M1.37M2.42M3.93M3.54M4.35M5.82M8.39M
OpEx % of Revenue----------
Selling, General & Admin1.23M10.64M2.65M1.21M2.39M3.79M3.34M3.3M5.21M7.72M
SG&A % of Revenue----------
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses00017.87K4.29K5.92K983.46K0607.85K668.61K
Operating Income
-1.23M▲ 0%
-10.64M▼ 765.1%
-2.71M▲ 74.5%
-1.98M▲ 26.9%
-2.35M▼ 18.4%
-3.6M▼ 53.4%
-3.3M▲ 8.5%
-3.3M▼ 0.1%
-5.82M▼ 76.3%
-8.39M▲ 0%
Operating Margin %----------
Operating Income Growth %-579.56%-765.12%74.52%26.85%-18.41%-53.41%8.47%-0.09%-76.26%-
EBITDA-102K-10.56M-2.63M-1.98M-1.48M000-3.32M-3.43M
EBITDA Margin %----------
EBITDA Growth %43.02%-10249.04%75.12%24.63%25.33%100%----3.37%
D&A (Non-Cash Add-back)1.13M84.97K84.97K3.77K870.05K3.6M3.3M3.3M00
EBIT-1.26M-10.66M-2.72M-2.27M-2.61M-4.15M1.06M-4.35M-3.32M-3.43M
Net Interest Income000-89.05K-179K-130K-95.15K-125K-290.62K-47.77K
Interest Income00023.31K22.73K16.29K8.88K1.31K00
Interest Expense0075.92K112.36K202.18K146.16K104.03K126.61K290.62K47.77K
Other Income/Expense-32.7K-32.53K-10.96K-920K-264K-93.47K4.25M-1.17M2.2M4.91M
Pretax Income
-1.26M▲ 0%
-10.66M▼ 743.7%
-2.72M▲ 74.5%
-2.27M▲ 16.6%
-2.61M▼ 15.1%
-4.15M▼ 58.9%
956.58K▲ 123.0%
-4.47M▼ 567.5%
-3.62M▲ 19.2%
-3.48M▲ 0%
Pretax Margin %----------
Income Tax047.37K00000000
Effective Tax Rate %0%-0.44%0%0%0%0%0%0%0%0%
Net Income
-1.26M▲ 0%
-10.66M▼ 743.7%
-2.72M▲ 74.5%
-2.27M▲ 16.6%
-2.61M▼ 15.1%
-4.23M▼ 61.9%
956.58K▲ 122.6%
-4.47M▼ 567.5%
-3.62M▲ 19.2%
-3.48M▲ 0%
Net Margin %----------
Net Income Growth %-590.16%-743.71%74.46%16.61%-15.07%-61.87%122.62%-567.5%19.16%23.55%
Net Income (Continuing)-1.26M-10.66M-2.72M-2.27M-2.61M-4.15M956.58K-4.47M-3.62M-3.48M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
-1.31▲ 0%
-6.17▼ 371.0%
-1.31▲ 78.8%
-1.00▲ 23.7%
-1.00▲ 0.0%
-1.27▼ 27.0%
0.24▲ 118.9%
-0.99▼ 512.5%
-0.48▲ 51.5%
-0.28▲ 0%
EPS Growth %-211.9%-370.99%78.77%23.66%0%-27%118.9%-512.5%51.52%64.92%
EPS (Basic)-1.31-6.17-1.31-0.98-1.00-1.270.25-0.99-0.48-
Diluted Shares Outstanding964.43K1.73M2.08M2.45M2.8M3.28M3.93M4.52M7.51M12.45M
Basic Shares Outstanding964.43K1.73M2.08M2.45M2.8M3.28M3.84M4.52M7.51M12.45M
Dividend Payout Ratio----------

FMSTW Balance Sheet

Foremost Lithium Resource & Technology Ltd. (FMSTW) balance sheet — assets, liabilities & shareholders' equity

Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Total Current Assets387.97K3.52M259.3K105.21K516.56K434.12K795.35K1.49M5.36M7.18M
Cash & Short-Term Investments312.37K3.21M137.95K46.17K441.63K292.28K606.12K998.26K5.01M6.56M
Cash Only312.37K3.21M137.95K3.21K392.21K235.46K574.59K998.26K5.01M6.56M
Short-Term Investments00042.97K49.41K56.82K31.54K000
Accounts Receivable36.97K137.75K75.29K59.46K92.32K142.71K164.05K146.21K231.86K362.86K
Days Sales Outstanding----------
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets0000000000
Total Non-Current Assets1.2M3.98M6.18M5.83M6.18M7.48M12.51M15.11M22.38M28.4M
Property, Plant & Equipment1.19M3.96M6.12M5.63M6.03M7.19M12.48M15.09M21.32M25.51M
Fixed Asset Turnover---------0.00x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments10K26K11K148.77K96.36K39.54K2.9K0383.73K2.81M
Other Non-Current Assets0048K48K48K253.3K24.4K19.23K671.98K2.2M
Total Assets
1.59M▲ 0%
7.5M▲ 372.6%
6.44M▼ 14.1%
5.94M▼ 7.8%
6.69M▲ 12.7%
7.92M▲ 18.3%
13.3M▲ 68.0%
16.6M▲ 24.8%
27.74M▲ 67.1%
35.59M▲ 0%
Asset Turnover---------0.00x
Asset Growth %414.22%372.59%-14.08%-7.84%12.74%18.3%67.98%24.8%67.13%368.43%
Total Current Liabilities394.09K930.05K696.25K732.07K807.17K1.1M2.91M2.73M3.1M2.69M
Accounts Payable129.36K527.17K439.66K515.76K536.09K603K884.74K1.1M93.71K628.64K
Days Payables Outstanding---49.93K------
Short-Term Debt6.5K105.5K5.5K7.5K7.5K7.5K1.26M1.14M521.37K5K
Deferred Revenue (Current)000167.64K209.19K428.99K734.95K0477K477K
Other Current Liabilities0000-231.56K0011.67K1.79M1.77M
Current Ratio0.98x3.78x0.37x0.14x0.64x0.39x0.27x0.54x1.73x1.73x
Quick Ratio0.98x3.78x0.37x0.14x0.64x0.39x0.27x0.54x1.73x1.73x
Cash Conversion Cycle----------
Total Non-Current Liabilities000135.25K136.34K74.39K0656.95K152.76K0
Long-Term Debt000040K40K0000
Capital Lease Obligations000135.25K96.34K34.39K0000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000000656.95K152.76K874.69K
Total Liabilities394.09K930.05K696.25K867.31K943.51K1.18M2.91M3.39M3.25M2.69M
Total Debt6.5K105.5K5.5K183.7K197.72K143.84K1.29M1.14M521.37K5K
Net Debt-305.87K-3.11M-132.45K180.49K-194.5K-91.61K716.51K140.26K-4.48M-6.56M
Debt / Equity0.01x0.02x0.00x0.04x0.03x0.02x0.12x0.09x0.02x0.02x
Debt / EBITDA----------0.00x
Net Debt / EBITDA---------1.91x
Interest Coverage---35.71x-17.65x-11.61x-24.64x-31.69x-26.07x-20.01x-71.80x
Total Equity
1.19M▲ 0%
6.57M▲ 450.8%
5.75M▼ 12.5%
5.07M▼ 11.8%
5.75M▲ 13.4%
6.74M▲ 17.3%
10.39M▲ 54.1%
13.21M▲ 27.2%
24.49M▲ 85.4%
32.9M▲ 0%
Equity Growth %1854.22%450.79%-12.51%-11.77%13.42%17.26%54.08%27.17%85.41%469.52%
Book Value per Share1.243.802.762.072.052.062.642.923.262.64
Total Shareholders' Equity1.19M6.57M5.75M5.07M5.75M6.74M10.39M13.21M24.49M32.9M
Common Stock3.64M15.71M16.45M17.84M20.17M24.16M26.45M32.12M45.67M56.47M
Retained Earnings-3.05M-13.59M-11.82M-14.1M-15.6M-19.72M-17.87M-21.48M-24.46M-26.18M
Treasury Stock0000000000
Accumulated OCI600.34K4.43M1.12M1.13M1.14M2.29M1.81M2.57M3.28M2.6M
Minority Interest0000000000

FMSTW Cash Flow Statement

Foremost Lithium Resource & Technology Ltd. (FMSTW) cash flow — operating, investing & free cash flow history

Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Cash from Operations-469.69K-1.95M-1.25M-414.57K-802.92K-1.4M-2.48M-3.79M-3.78M-3.78M
Operating CF Margin %----------
Operating CF Growth %-1295.89%-315.92%36.09%66.8%-93.68%-74.67%-76.55%-53.26%0.38%-6247.42%
Net Income-1.26M-10.66M-2.72M-2.27M-2.61M-4.15M956.58K-4.47M-3.62M-3.48M
Depreciation & Amortization08503.77K000000
Stock-Based Compensation423.14K8.43M1.4M14.99K1.78M2.48M815.43K910.7K872.88K1.21M
Deferred Taxes000798.05K000000
Other Non-Cash Items281.2K217.08K34.99K121.61K13.78K95.12K-4.61M89.26K-2.44M-4.93M
Working Capital Changes89.1K51.88K40.75K916.99K12.76K128.18K363.73K-322.55K1.4M594.96K
Change in Receivables-35.78K-100.78K62.46K58.8K-26.42K-42.98K-46.62K0-85.65K-340.6K
Change in Inventory0000000000
Change in Payables0278.33K00000000
Cash from Investing-574.32K-974.85K-2.08M-340.84K-313.96K-891.41K-797.82K-2.34M-2.67M-5.63M
Capital Expenditures-579.32K-1.09M-185.43K-125K-162.85K-220.03K-294.96K-2.58M-249.96K-315.37K
CapEx % of Revenue----------
Acquisitions00000200K00-656.45K0
Investments----------
Other Investing5K113.59K-1.89M-215.84K-151.11K-871.38K-4M232.85K-1.77M-5.32M
Cash from Financing1.34M5.83M248.42K620.66K1.51M2.14M3.61M6.56M10.46M18.63M
Debt Issued (Net)000124.66K46.21K0914.12K-240.61K-600K-556.66K
Equity Issued (Net)1000K00300K467.71K1000K1000K1000K1000K2M
Dividends Paid0000000000
Share Repurchases0000000000
Other Financing190.44K5.83M248.42K196K991.97K-71.63K1.04M0-789.48K3.72M
Net Change in Cash
297.94K▲ 0%
2.9M▲ 873.7%
-3.08M▼ 206.0%
-134.75K▲ 95.6%
389.01K▲ 388.7%
-156.76K▼ 140.3%
339.13K▲ 316.3%
423.67K▲ 24.9%
4.01M▲ 845.8%
6.39M▲ 0%
Free Cash Flow
-1.05M▲ 0%
-3.04M▼ 190.0%
-1.43M▲ 52.9%
-539.57K▲ 62.4%
-965.77K▼ 79.0%
-1.62M▼ 68.0%
-2.77M▼ 70.8%
-3.99M▼ 44.1%
-4.03M▼ 0.9%
-6.92M▲ 0%
FCF Margin %----------
FCF Growth %-1658.66%-189.99%52.86%62.37%-78.99%-68%-70.79%-44.12%-0.92%-41.23%
FCF per Share-1.09-1.76-0.69-0.22-0.35-0.50-0.70-0.88-0.54-0.54
FCF Conversion (FCF/Net Income)0.37x0.18x0.46x0.18x0.31x0.33x-2.59x0.85x1.05x1.99x
Interest Paid00000000113.92K84.74K
Taxes Paid0000000000

FMSTW Key Ratios

Foremost Lithium Resource & Technology Ltd. (FMSTW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)-224.66%-274.66%-44.22%-41.98%-48.29%-67.7%11.17%-37.9%-19.18%-10.57%
Return on Invested Capital (ROIC)-220.94%-367.3%-44.82%-27.38%-32.6%-44.27%-27.86%-20.24%-26.16%-26.16%
Debt / Equity0.01x0.02x0.00x0.04x0.03x0.02x0.12x0.09x0.02x0.02x
Interest Coverage---35.71x-17.65x-11.61x-24.64x-31.69x-26.07x-20.01x-71.80x
FCF Conversion0.37x0.18x0.46x0.18x0.31x0.33x-2.59x0.85x1.05x1.99x

FMSTW Frequently Asked Questions

Foremost Lithium Resource & Technology Ltd. (FMSTW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Foremost Lithium Resource & Technology Ltd. (FMSTW) grew revenue by 0.0% over the past year. Growth has been modest.

Foremost Lithium Resource & Technology Ltd. (FMSTW) reported a net loss of $3.5M for fiscal year 2025.

Dividend & Returns

Foremost Lithium Resource & Technology Ltd. (FMSTW) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.

Foremost Lithium Resource & Technology Ltd. (FMSTW) had negative free cash flow of $6.9M in fiscal year 2025, likely due to heavy capital investments.

Explore More FMSTW

Foremost Lithium Resource & Technology Ltd. (FMSTW) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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