Bullboard - Stock Discussion Forum Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s): FMST

Metals & Mining Industrial Metals & Minerals

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... see more

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Foremost Clean Energy Ltd > Time for another much needed PP? This crew must be more than

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Post by KozmoT on Jun 25, 2023 11:57am

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

flat 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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