Foremost Clean Energy Ltd.

FMST Basic Materials Other Industrial Metals & Mining

In the quarter to June 2026, EPS fell 233.3% and free cash flow fell 7.34%, each against the same quarter a year earlier.

0.50 0.03 −5.66%
Market cap
$9.2M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 19.52%

Capital & Financial Ratios $m

Market Cap 9.20
Revenue —
Net Income (6.03)
Free Cash Flow (12.06)
Net Debt (2.56)
Current Ratio 2.53 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.32
Past 5Y EPS Growth —
This Y EPS Growth 41.27% (at or above 15%: strong)
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/B against its own 10 years 1.58%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1 4 5 3
Receivables 0 0 0 0
Inventory — — — —
Other — — — —
1 4 5 3
2024 2025 2026 Q'26
Payables 1 0 1 1
ST’ Debt — — — —
Other 0 1 1 1
2 2 2 1

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 41.29% 48.43%

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (1) — — — —
’26 (1) (2) (1) (1) (5)
’25 (1) 0 (2) 0 (3)
’24 0 (1) (1) (1) (3)
’23 0 0 2 (3) (2)
’22 0 0 0 (1) (1)
’21 — — — — (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (3) — — — —
’26 (3) (3) (4) (2) (12)
’25 (1) 0 (2) (1) (4)
’24 0 (2) (1) (2) (5)
’23 (1) (1) 2 (1) (3)
’22 0 0 (1) (1) (2)
’21 — — — — (1)
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 (0.04) — — — —
’26 0.03 (0.15) (0.10) (0.13) (0.38)
’25 (0.12) (0.21) (0.16) (0.11) (0.34)
’24 (0.11) (0.29) (0.10) (0.23) (0.73)
’23 0.00 0.00 0.01 0.18 0.18
’22 0.00 0.00 0.00 (0.01) (0.02)
’21 — — — — (0.74)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 2.63 1.89 0.85 0.51 3.62 4.26 1.77 1.32 0.55 0.48

Analyst estimates 2027–2029

Powerpack
High 40.31 44.00 6.69 4.51 12.27 20.75 10.00 3.50 5.74 2.79
People
People Employees — — — — — 2 2 2 3 3
Revenue/emp, $m — — — — — 0.00 0.00 0.00 0.00 0.00
Income, $m
Income, $m Revenue — — — — — — — — — —
Gross margin, % — — — 0.00 — — — — — —
EBT — — (2) (2) (2) (3) 1 (3) (3) (5)
EBT margin, % — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income — — (2) (2) (2) (3) 1 (3) (3) (5)
Depreciation — — — 0 — — — — — —
Per share, $
Per share, $ Revenue — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings — — (0.98) (0.64) (0.74) (0.02) 0.19 (0.73) (0.34) (0.38)
Cash flow — — (0.45) (0.12) (0.23) (0.01) (0.49) (0.62) (0.36) (0.42)
Capex — — 0.00 0.00 0.00 0.00 (0.17) (0.39) (0.19) (0.49)
Free cash flow — — (0.45) (0.12) (0.23) (0.01) (0.66) (1.01) (0.55) (0.90)
Book value — — 2.06 1.44 1.63 0.03 2.05 2.17 2.34 1.96
Shares, m — — 2 2 3 164 4 5 8 13
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — — — — — — — —
P/B — — — — — — — — — —
EV/Sales — — — — — — — — — —
EV/FCF — — — — — — — — — —
Cash, $m
Cash, $m Operating cash flow — — (1) 0 (1) (1) (2) (3) (3) (5)
Capex — — (2) 0 0 (1) (1) (2) (1) (6)
Free cash flow — — (1) 0 (1) (2) (3) (5) (4) (12)
Balance, $m
Balance, $m Working capital — — 0 0 0 (1) (2) (1) 2 3
Total debt — — 0 0 0 0 1 — — —
Net debt — — 0 0 0 0 0 (1) (4) (5)
Shareholders’ equity — — 4 4 5 5 8 10 18 26
Returns, %
Returns, % ROA — — 0.00 (35.44) (43.82) (56.95) 8.84 (29.64) (16.12) (20.63)
ROIC — — 0.00 0.00 0.00 (39.03) (23.26) (23.02) (18.65) (19.02)
ROE — — 0.00 (40.53) (51.14) (66.62) 10.93 (37.57) (18.97) (23.06)
Negative figures in brackets.

All 10 years →

Charts ten years each

Foremost Clean Energy Ltd. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ELBM Electra Battery Materials Corporation $49.7M — (loss-making) — — n/m −57.28% (below 0%: shrinking) 0.00% 0.00% Compare
LGO Largo Inc. $49.5M — (loss-making) — (loss-making) +68.47% (above 0%: growing) n/m −714.62% (below 0%: shrinking) (9.16%) (21.67%) Compare
XPL Solitario Resources Corp. $48.8M — (loss-making) — (loss-making) +104.00% (above 0%: growing) n/m −71.23% (below 0%: shrinking) 0.00% 0.00% Compare
GRFXY Graphex Group Limited Sponsored ADR $45.1M — (loss-making) — −17.91% (below 0%: shrinking) n/m −155.11% (below 0%: shrinking) 33.07% 0.00% Compare
OMEX Odyssey Marine Exploration, Inc. $37.6M — (loss-making) — (loss-making) −42.30% (below 0%: shrinking) n/m −136.14% (below 0%: shrinking) 100.00% (9,869.58%) Compare
FNUC Snow Lake Resources Ltd. $33.7M — (loss-making) — — n/m −129.62% (below 0%: shrinking) — 0.00% Compare
FMST Foremost Clean Energy Ltd. $9.2M — (loss-making) — — n/m −7.34% (below 0%: shrinking) — 0.00%
GTIJF Global Tech Industries Group, Inc. $8.7M — (loss-making) — — n/m −15.07% (below 0%: shrinking) (168.97%) (961.38%) Compare
CHNR China Natural Resources, Inc. $4.9M — (loss-making) 10.0× +80.53% (above 0%: growing) n/m +41.56% (above 0%: growing) 55.99% 0.00% Compare
Median of peers $41.3M — — +68.47% — −100.42% 0.00% 0.00%

All 46 Other Industrial Metals & Mining stocks →

Foremost Clean Energy Ltd. (FMST) key facts

  • Foremost Clean Energy Ltd. (FMST) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on Nasdaq.
  • As of October 16, 2026, FMST traded at $0.50, a market capitalization of $9.2 million.
  • Return on equity was −23.1% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

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