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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 KozmoTon Jun 25, 2023 11:57am
268 Views
Post# 35513577

Time for another much needed PP? This crew must be more than

Time for another much needed PP? This crew must be more thanflat broke again by now. As of Dec 31 2022 they had $2.3 M in cash (AFTER the sale of their property for $3.5M) but they had $2.4 M in Accounts Payable and Short Term loans due. But then they had to pay for an unfortunate 3000 meter drill program of their Jean Lake lithium play that came away with a sniff of gold but ... no lithium.  Their $300K in government grant money isn't gonna cover that by a long shot.
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