Overview
- TickerFMST on Nasdaq1
- IndustryMiscellaneous Metal Ores1
- HeadquartersA11
- Incorporated inBritish Columbia, Canada2
- Business addressSuite 250, 750 W. Pender Street, Vancouver2
- Filer categoryNon-accelerated filer, Emerging growth company2
- Legal formCorporation
See how the biggest companies compare on our leaderboards
Foremost Clean Energy Ltd. (formerly Foremost Lithium Resource & Technology Ltd.) was incorporated under the British Columbia Business Corporations Act (the “BCBCA”) as FAR Resources Ltd. on July 7, 2005 (Number: BC0729352). The Company changed its name to Foremost Lithium Resource & Technology Ltd. on January 4, 2022, and later changed its name to Foremost Clean Energy Ltd. on September 30, 2024. Our mailing address is 750 West Pender Street, Suite 250 Vancouver, British Columbia V7Y 1K3 Canada. We also have a secondary Saskatchewan office located at 311 4th Ave N., Saskatoon, SK S7K 2L8 Canada. Our company email address is info@foremostcleanenergy.com. Our telephone number is (604) 330-8067. Our principal website address is http://www.foremostcleanenergy.com.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Consulting (Note 11) | 241.9K CAD | 160.3K CAD | 120.8K CAD |
| Investor relations and marketing | 4.2M CAD | 1.4M CAD | 851.6K CAD |
| Management and director fees (Note 11) | 1.2M CAD | 808.5K CAD | 754.5K CAD |
| Office, insurance and miscellaneous | 336.4K CAD | 306.3K CAD | 267.7K CAD |
| Professional fees | 1.4M CAD | 1.9M CAD | 1.2M CAD |
| Share-based payments (Notes 10 and 11) | 1.2M CAD | 872.9K CAD | 910.7K CAD |
| Transfer agent, listing and filing fees | 296.7K CAD | 276.3K CAD | 344.2K CAD |
| Travel | 38.2K CAD | 25.2K CAD | 70.4K CAD |
| Loss before other items | -8.9M CAD | -5.8M CAD | -4.5M CAD |
| Change in fair value of derivatives (Note 10) | -899.3K CAD | 498.5K CAD | 166.7K CAD |
| Change in fair value of market securities (Note 10) | -592.5K CAD | 0 CAD | 0 CAD |
| Finance income on sublease | 0 CAD | 0 CAD | 1.3K CAD |
| Foreign exchange loss | -15.5K CAD | -43.5K CAD | -36.0K CAD |
| Gain on forgiveness of debt (Note 8) | 0 CAD | 106.6K CAD | 10.0K CAD |
| Gain on long-term investment | 0 CAD | 0 CAD | 671 CAD |
| Gain on option settlement | 8.2K CAD | 0 CAD | 0 CAD |
| Gain on sublease | 0 CAD | 0 CAD | 3.0K CAD |
| Gain on spin-out transaction (Note 17) | 477.0K CAD | 1.9M CAD | 0 CAD |
| Gain on write off of loan | 5.0K CAD | 0 CAD | 0 CAD |
| Impairment of exploration and evaluation assets (Note 7) | -127.2K CAD | 0 CAD | 0 CAD |
| Interest expense (Note 9) | -15.0K CAD | -97.4K CAD | -126.6K CAD |
| Equity loss on investment in associate (Note 4) | -26.7K CAD | -105.8K CAD | 0 CAD |
| Other income (Note 6) | 23.4K CAD | 176 CAD | 0 CAD |
| Penalties and interest | -149.2K CAD | -193.3K CAD | 0 CAD |
| Gain on investment in marketable securities (Notes 4 and 5) | 1.5M CAD | 0 CAD | 0 CAD |
| Recovery of flow-through premium liability (Notes 10 and 16) | 1.8M CAD | 120.9K CAD | 8.5K CAD |
| Write-off of prepaid expenses | 0 CAD | 0 CAD | -1.0K CAD |
| Net Loss and Comprehensive Loss for the year | -6.9M CAD | -3.6M CAD | -4.5M CAD |
| Basic loss per common share (in CAD per share) | -0.53 CAD | -0.48 CAD | -0.99 CAD |
| Diluted loss per common share (in CAD per share) | -0.53 CAD | -0.48 CAD | -0.99 CAD |
| Weighted average number of common shares outstanding basic and diluted (in shares) | 13.1M shares | 7.5M shares | 4.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash | 6.3M CAD | 5.0M CAD | ||
| Receivables | 526.8K CAD | 231.9K CAD | ||
| Prepaid expenses | 225.4K CAD | 123.3K CAD | ||
| Current assets | 7.1M CAD | 5.4M CAD | ||
| Prepaid expenses and mineral deposits | 55.0K CAD | 152.0K CAD | ||
| Promissory notes receivable (Note 6) | 276.3K CAD | 520.0K CAD | ||
| Marketable securities (Note 5) | 1.3M CAD | 0 CAD | ||
| Investment in associate (Note 4) | 0 CAD | 383.7K CAD | ||
| Exploration and evaluation assets (Note 7) | 30.7M CAD | 21.3M CAD | ||
| Total Assets | 39.3M CAD | 27.7M CAD | ||
| Accounts payable and accrued liabilities (Notes 8 and 11) | 1.2M CAD | 306.1K CAD | ||
| Term loans payable (Note 9) | 0 CAD | 521.4K CAD | ||
| Flow-through premium liability (Notes 10 and 16) | 1.6M CAD | 1.8M CAD | ||
| Deferred gain on spin-out transaction (Note 17) | 0 CAD | 477.0K CAD | ||
| Derivative liability (Note 10) | 1.1M CAD | 152.8K CAD | ||
| Total Liabilities | 3.8M CAD | 3.2M CAD | ||
| Capital stock (Note 10) | 62.8M CAD | 45.7M CAD | ||
| Reserves (Note 10) | 3.3M CAD | 3.3M CAD | ||
| Deficit | -30.6M CAD | -24.5M CAD | ||
| Total Shareholders Equity | 35.5M CAD | 24.5M CAD | 13.2M CAD | 10.4M CAD |
| Total Liabilities and Shareholders Equity | 39.3M CAD | 27.7M CAD |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash | 6.3M CAD | 5.0M CAD | ||
| Receivables | 526.8K CAD | 231.9K CAD | ||
| Prepaid expenses | 225.4K CAD | 123.3K CAD | ||
| Current assets | 7.1M CAD | 5.4M CAD | ||
| Prepaid expenses and mineral deposits | 55.0K CAD | 152.0K CAD | ||
| Promissory notes receivable (Note 6) | 276.3K CAD | 520.0K CAD | ||
| Marketable securities (Note 5) | 1.3M CAD | 0 CAD | ||
| Investment in associate (Note 4) | 0 CAD | 383.7K CAD | ||
| Exploration and evaluation assets (Note 7) | 30.7M CAD | 21.3M CAD | ||
| Total Assets | 39.3M CAD | 27.7M CAD | ||
| Accounts payable and accrued liabilities (Notes 8 and 11) | 1.2M CAD | 306.1K CAD | ||
| Term loans payable (Note 9) | 0 CAD | 521.4K CAD | ||
| Flow-through premium liability (Notes 10 and 16) | 1.6M CAD | 1.8M CAD | ||
| Deferred gain on spin-out transaction (Note 17) | 0 CAD | 477.0K CAD | ||
| Derivative liability (Note 10) | 1.1M CAD | 152.8K CAD | ||
| Total Liabilities | 3.8M CAD | 3.2M CAD | ||
| Capital stock (Note 10) | 62.8M CAD | 45.7M CAD | ||
| Reserves (Note 10) | 3.3M CAD | 3.3M CAD | ||
| Deficit | -30.6M CAD | -24.5M CAD | ||
| Total Shareholders Equity | 35.5M CAD | 24.5M CAD | 13.2M CAD | 10.4M CAD |
| Total Liabilities and Shareholders Equity | 39.3M CAD | 27.7M CAD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Loss and comprehensive loss for the year | -6.9M CAD | -3.6M CAD | -4.5M CAD |
| Share-based payments | 1.2M CAD | 872.9K CAD | 910.7K CAD |
| Interest expense | 15.0K CAD | 96.8K CAD | 128.0K CAD |
| Other income | -28.5K CAD | 0 CAD | 0 CAD |
| Change in fair value of derivatives | 899.3K CAD | -498.5K CAD | -166.7K CAD |
| Recovery of flow-through premium liability | -1.8M CAD | -120.9K CAD | -8.5K CAD |
| Finance income on sublease | 0 CAD | 0 CAD | -1.3K CAD |
| Gain on forgiveness of debt | 0 CAD | -106.6K CAD | -10.0K CAD |
| Equity loss on investment in associate | 26.7K CAD | 105.8K CAD | 0 CAD |
| Gain on long-term investment | 0 CAD | 0 CAD | -671 CAD |
| Gain on spin-out transaction | -477.0K CAD | -1.9M CAD | 0 CAD |
| Gain on investment in associate | -905.3K CAD | 0 CAD | 0 CAD |
| Gain on option settlement | -8.2K CAD | 0 CAD | 0 CAD |
| Impairment of exploration and evaluation assets | 127.2K CAD | 0 CAD | 0 CAD |
| Receivables | -294.9K CAD | -85.6K CAD | -13.7K CAD |
| Prepaid expenses and deposits | -96.0K CAD | 223.5K CAD | -278.9K CAD |
| Accounts payable and accrued liabilities | 600.5K CAD | 1.3M CAD | 148.3K CAD |
| Loan repayments | 0 CAD | 0 CAD | 30.0K CAD |
| Net cash used in operating activities | -7.6M CAD | -3.8M CAD | -3.8M CAD |
| Exploration and evaluation acquisition costs | -225.0K CAD | -250.0K CAD | -198.8K CAD |
| Exploration and evaluation expenditures | -8.6M CAD | -2.0M CAD | -2.4M CAD |
| Exploration and evaluation recoveries | 0 CAD | 200.0K CAD | 200.0K CAD |
| Promissory note interest received | 27.1K CAD | 0 CAD | 0 CAD |
| Cash held by spun out subsidiary | 0 CAD | -656.5K CAD | 0 CAD |
| Receipt of sublease payments | 0 CAD | 0 CAD | 32.9K CAD |
| Sale proceeds from investment | 0 CAD | 0 CAD | 3.6K CAD |
| Net cash used in investing activities | -8.8M CAD | -2.7M CAD | -2.3M CAD |
| Shares issued for cash financings | 13.3M CAD | 11.9M CAD | 7.0M CAD |
| Share issue costs | -1.0M CAD | -675.6K CAD | -480.4K CAD |
| Exercise of options | 308.1K CAD | 0 CAD | 131.4K CAD |
| Exercise of warrants | 5.6M CAD | 0 CAD | 0 CAD |
| Short-term loan repaid | -509.9K CAD | -600.0K CAD | -102.7K CAD |
| Short-term loan interest repaid | -21.4K CAD | -113.9K CAD | -102.1K CAD |
| Subscription received in advance | 0 CAD | 0 CAD | 105.0K CAD |
| Repayment of lease obligations | 0 CAD | 0 CAD | -35.8K CAD |
| Net cash provided by financing activities | 17.7M CAD | 10.5M CAD | 6.6M CAD |
| Change in cash for the year | 1.3M CAD | 4.0M CAD | 423.7K CAD |
| Cash paid for interest and taxes | 21.4K CAD | 113.9K CAD | 102.1K CAD |
No quarter-by-quarter statement was filed.
Corporate structure
Foremost Clean Energy Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Foremost Clean Energy Ltd.
- Jason Barnard Filed SC 13D/A on Foremost Clean Energy Ltd., latest Mar 19, 2024 (3 filings since Mar 19, 2024)
- Foremost Clean Energy Ltd. A1
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Foremost Clean Energy Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- COOChristina Barnard named May 6, 20247
- CEO and PresidentJason Barnard named May 6, 20247
- CFO and Corporate SecretarySead Hamzagic named May 6, 20247
- DirectorAndrew A Lyons named May 6, 20247
- DirectorDouglas Mason named May 6, 20247
- DirectorJohnathan A More named May 6, 20247
- DirectorMichael A McLeod named May 6, 20247
Former names
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/20268
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
206 filings to the SEC since October 2021: 3 annual reports, 3 large holders, 1 private raises, 199 other. The latest 20:
- Sep 14, 2026EFFECT EDGAR
- Aug 28, 20266-K EDGAR
- Aug 14, 20266-K EDGAR
- Aug 14, 2026POS AM EDGAR
- Aug 14, 20266-K EDGAR
- Jul 9, 20266-K EDGAR
- Jun 30, 202620-F EDGAR
- Jun 17, 20266-K EDGAR
- May 27, 20266-K EDGAR
- May 19, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 5, 20266-K EDGAR
- Apr 15, 20266-K EDGAR
- Apr 1, 20266-K EDGAR
- Mar 31, 20266-K EDGAR
- Mar 5, 20266-K EDGAR
- Mar 2, 20266-K EDGAR
- Feb 27, 20266-K EDGAR
- Feb 26, 20266-K EDGAR
- Feb 25, 20266-K EDGAR
The 206 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Jason BarnardSC 13D/A, 3 filings Mar 19, 20249
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $19.7K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2024 | $19.7K | $19.7K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Citadel Advisors LLC | 82,675 | $120.7K | 0.0% | New |
| Goldman Sachs Group Inc | 24,377 | $35.6K | 0.0% | +2,445 |
| Susquehanna International Group, Llp | 14,868 | $21.7K | 0.0% | New |
| XTX Topco Ltd | 14,682 | $21.4K | 0.0% | New |
| Jane Street Group, LLC | 14,137 | $20.6K | 0.0% | −19,565 |
| Osaic Holdings, Inc. | 8,808 | $12.9K | 0.0% | +7,217 |
| Morgan Stanley | 7,100 | $10.4K | 0.0% | −13,793 |
| UBS Group AG | 2,588 | $3.8K | 0.0% | −2,392 |
| Wells Fargo & Company/mn | 1,500 | $2.2K | 0.0% | −1,300 |
| Financial Consulate, Inc | 1,500 | $2.2K | 0.0% | No change |
| Royal Bank Of Canada | 1,182 | $2.0K | 0.0% | −1,818 |
| Federation des caisses Desjardins du Quebec | 1,004 | $1.5K | 0.0% | No change |
| TD Waterhouse Canada Inc. | 1,000 | $1.4K | 0.0% | −800 |
| Jones Financial Companies Lllp | 250 | $385 | 0.0% | No change |
| Hrt Financial LP | 12,092 | $17 | 0.0% | −9,246 |
| Caitong International Asset Management Co., Ltd | 2 | $3 | 0.0% | −1 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Foremost Clean Energy Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARForemost Clean Energy Ltd.1
- CIK0001935418
- Filer statusNon-accelerated filer an emerging growth company; not a shell company3
- Incorporated inBritish Columbia3
- Fiscal year endsMarch 311
- Industry code (SIC)1090 Miscellaneous Metal Ores1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressSuite 250, 750 W. Pender Street, Vancouver, British Columbia, Canada1
- Phone(604) 330-80671
- Shares outstanding16,280,580 shares as of Mar 31, 20263
- AuditorDAVIDSON & COMPANY LLP, Vancouver, Canada PCAOB ID 731; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceSep 9, 20221
- Filings206 in all: 6-K (132), CORRESP (23), UPLOAD (9), 424B3 (6), F-1/A (6), EFFECT (5), POS AM (4), 20-F (3)1
All 21 form types
DRS/A (3), DRS (2), DRSLTR (2), SC 13D/A (2), 424B4 (1), 6-K/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), D (1), F-1 (1), F-3 (1), SC 13D (1)
- Latest filingsAnnual report (20-F) Jun 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, no par value | FMST | Nasdaq |
From the cover page of the 20-F filed Jun 30, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8NasdaqNasdaq calendar
- 9