Foremost Clean Energy (ADR) (FMST)
Advances Athabasca uranium exploration targets through an earn-in with Denison Mines.
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Acquires and advances uranium exploration interests in Saskatchewan's Athabasca Basin through an earn-in with Denison Mines, while retaining lithium properties in Manitoba and Quebec. Funds surveys and drilling through external capital rather than mineral production, with Denison acting as co-owner, technical partner, largest shareholder, and employer of the interim CEO.
Acquires and advances uranium exploration interests in northern Saskatchewan's Athabasca Basin, principally through an earn-in arrangement with Denison Mines. The portfolio spans early-stage projects where surveys, geophysics, target generation, and drilling are used to test prospects rather than operate mines or sell minerals.
Maintains a secondary lithium portfolio in Manitoba and Quebec, while Vancouver manages the public-company function and Saskatoon supports Saskatchewan activity. Funding comes mainly from equity issuance and external technical services, leaving program execution reliant on financing, permits, contractors, and Denison's continuing roles as option counterparty, co-owner, technical collaborator, largest shareholder, and employer of the interim CEO.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.8M · Total debt $0 · Total assets $27.2M · Shareholders' equity $25.4M
- Revenue
- $0
- Operating income
- −$961.0K
- Net income
- −$749.1K
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions18 holders · as of Mar 31, 2026 | 1.48% | 183.7K ADS | |
| Otherremainder | 98.52% | 12.27M ADS |
12.45M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Two Sigma Investments, LPInstitution | 0.32% | 39,559 ADS | 13Fas of Mar 31, 2026 |
Jane Street Group, LLCInstitution | 0.27% | 33,702 ADS | 13Fas of Mar 31, 2026 |
Goldman Sachs Group IncInstitution | 0.18% | 21,932 ADS | 13Fas of Mar 31, 2026 |
HRT Financial LPInstitution | 0.17% | 21,338 ADS | 13Fas of Mar 31, 2026 |
Morgan StanleyInstitution | 0.17% | 20,893 ADS | 13Fas of Mar 31, 2026 |
| See all 19 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- NexGen Energy
Large-scale Athabasca uranium development and capital rival.
- CVD Equipment
Eastern Athabasca acreage and high-grade drilling competitor.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Foremost Clean Energy (ADR) | $1.03 | +0.49% | $12.7M | — | — | — | — |
| NexGen Energy | $10.36 | +1.37% | $6.76B | — | — | — | — |
| CVD Equipment | $6.61 | −0.15% | $45.9M | 4.6 | — | 2.8 | −61.8% |
| Median | 4.6 | — | 2.8 | −61.8% |