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Foremost Lithium Resource & Technology Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world's growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock. As the world transitions towards decarbonization, the Company is focused on exploration and growth on its 5 Lithium Lane Projects in Snow Lake Manitoba. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.


CSE:FAT - Post by User

Post by GoodTradeon Sep 11, 2018 9:09am
264 Views
Post# 28596139

stars aligning

stars aligning so let's summarize what we have here.
-4 drill programs done at zoro with an updated NI 43-101
- HL drill program finished with excellent Li2O results and pending NI 43-101
- Toby met with funds in NYC to promote and sell
- Toby going to HK/Asia with updated 43-101 to promote and sell. Asia is huge into EVs at the moment and supply isn't meeting demand, despite what Morgan Stanley says.
- 5th drill program at zoro being planned right now
- MMI samplings at HL will help determine new drill targets with maps looking like the property is full of dykes

things to know
- funds only invest into mining companies with updated resource estimate, which is what they've already done. FAR will be adding to the estimate as they complete more drill programs
- trading at 16 mil MC with 2 lithium properties and almost 2 resource estimates - funds will most likely take advantage of this by buying cheap shares on the open market or put together some sort of bought agreement, although i don't see Toby wanting to dilute shareholders at these prices
- Asia is years ahead of NA where they are leaning towards clean energy and not backed as much by oil tycoons, hence lots of support for EVs and thus lithium 

just my 16 cents.
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