Foremost Clean Energy Ltd. (FAT) Financings
CSE: FAT · Uranium, Lithium · Exploration stage
- Market cap$12.7M
- Share price$0.730
- 52-week range$0.610 – $5.47
- Shares outstanding17,352,143
- ExchangeCSE
- Properties16
- Websiteforemostcleanenergy.com
Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) is an emerging North American uranium and lithium exploration company with an option to earn up to 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the clean energy mix of the future. Foremost’s uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. Its mission is to create significant discoveries, alongside and in collaboration with Denison Mines (TSX:DML, NYSE American: DNN), through systematic and disciplined exploration programs. Foremost also maintains a secondary portfolio of premier lithium projects at different stages of development across 55,000+ acres across Manitoba and Quebec. For further information please visit the company’s website at www.foremostcleanenergy.com.
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Foremost Clean Energy Ltd. financial statements
Key figures read from 19 of 19 financial statement filings, Jul 29, 2014 to Aug 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$6,342,205 | C$5,005,346 | C$998,262 | C$574,587 | C$235,455 |
| Short-term investments | C$1,262,376 | C$0 | — | — | — |
| Total current assets | C$7,094,395* | C$5,360,540* | C$1,485,213* | C$795,349 | C$434,117 |
| Total current liabilities | — | — | — | C$2,912,822 | C$1,101,946 |
| Working capital | — | — | — | (C$2,117,473) | (C$667,829) |
| Exploration and evaluation assets | C$30,653,428 | C$21,324,785 | C$15,094,413 | C$12,477,791 | C$7,191,122 |
| Total assets | C$39,341,497 | C$27,741,039 | C$16,598,857 | C$13,300,444 | C$7,918,078 |
| Debt | C$0 | C$521,368 | C$1,138,520 | C$1,256,715 | C$47,500 |
| Total liabilities | C$3,838,299 | C$3,248,777 | C$3,389,320 | C$2,912,822 | C$1,176,332 |
| Shareholders' equity | C$35,503,198 | C$24,492,262 | C$13,209,537 | C$10,387,622 | C$6,741,746 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$578,298 | C$466,664 | C$388,491 | C$493,004 | C$741,166 |
| Share-based compensation | C$1,237,739 | C$872,879 | C$910,700 | C$815,428 | C$2,482,219 |
| Impairments and write-downs | C$5,000 | C$0 | (C$1,000) | (C$48,000) | — |
| Net income (loss) | (C$6,898,108) | (C$3,615,375) | (C$4,472,170) | C$956,578 | (C$4,150,922) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$7,593,214) | (C$3,780,394) | (C$3,794,764) | (C$2,476,109) | (C$1,402,469) |
| Investing cash flow | (C$8,758,206) | (C$2,673,424) | (C$2,344,600) | (C$797,824) | (C$891,408) |
| Financing cash flow | C$17,688,279 | C$10,460,902 | C$6,563,039 | C$3,613,065 | C$2,137,119 |
| Exploration spending (capitalized) | (C$8,785,291) | (C$2,416,974) | (C$2,781,022) | (C$4,963,526) | (C$1,291,408) |
| Proceeds from share issues | — | — | C$7,047,668 | C$1,661,807 | C$592,365 |
| Change in cash | C$1,336,859 | C$4,007,084 | C$423,675 | C$339,132 | (C$156,758) |
| Cash at end of period | C$6,342,205 | C$5,005,346 | C$998,262 | C$574,587 | C$235,455 |
Foremost Clean Energy Ltd. financings
1 financing announced or closed by Foremost Clean Energy Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-17 | Foremost Clean Energy Ltd. (FAT) | Flow-through, bought deal | Closed, 1 tranche | $5.7M | $3.40 | Foremost Clean Energy Announces Bought Deal Private Placement of $5.5 Million |
Foremost Clean Energy Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Foremost Clean Energy Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2022-05-04 | Loan, signed | Jason and Christina Barnard | C$1.15M | 8.35%, matures 2023-05-05 |
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