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Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.


CSE:FAT - Post by User

Post by TFSAfundson Jan 18, 2021 1:22pm
217 Views
Post# 32320841

Talk about vagueness...

Talk about vagueness...Drilling program...
     - when are they starting? Spring is 3 months long. You'd think they would have requisitioned          the equipment by now and they can't give a more specific date?
     - where are they drilling? "numerous untested geological and geochemical targets". Isn't that          pretty much the entire property aside from the known dykes?
     - where is the money? They raised about $650K in two financings. Can't drill with that sum!            What happened to the flow-through? You need money to explore, they don't have any. Is            there another financing coming? At what level?
     - how many metres are they drilling? Don't most drill programs start with that number since            there is a cost per metre figure?
     - what came first... GM's announcement or FAR's "Spring" drill program? Or the uptick in Li?          Sounds a little like jumping on the bandwagon...
     - what happened to the work at Winston?
     - for a Company that had so much trouble getting regulatory filings done last year, you can           see the disarray in their planning and execution!
     - They are simply "planning to plan" at this stage!

Apologies... don't really mean to sound so negative here, but I think it's a lot of talk and no action! The Company is floundering and this is to raise your spirits prior to a round of financing!
  
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