Foremost Lithium Resource & Technology Ltd. Warrant
Foremost Clean Energy, an exploration stage company, explores and develops uranium and lithium assets in North America. It has an option agreement of approximately 70% interest in 10 properties encompassing over 330,000 acres in Saskatchewan's Athabasca Basin. The company also has an exploration permit for the Turkey Lake Uranium Project situated along the eastern edge of the Athabasca Basin. The… Read more
Foremost Lithium Resource & Technology Ltd. Warrant (FMSTW) - Net Assets
Latest net assets as of September 2025: $32.90 Million USD
Based on the latest financial reports, Foremost Lithium Resource & Technology Ltd. Warrant (FMSTW) has net assets worth $32.90 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($35.59 Million) and total liabilities ($2.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.90 Million |
| % of Total Assets | 92.44% |
| Annual Growth Rate | 58.59% |
| 5-Year Change | 325.99% |
| 10-Year Change | N/A |
| Growth Volatility | 573.22 |
Foremost Lithium Resource & Technology Ltd. Warrant - Net Assets Trend (2011–2025)
This chart illustrates how Foremost Lithium Resource & Technology Ltd. Warrant's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Foremost Lithium Resource & Technology Ltd. Warrant (2011–2025)
The table below shows the annual net assets of Foremost Lithium Resource & Technology Ltd. Warrant from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $24.49 Million | +85.41% |
| 2024-03-31 | $13.21 Million | +27.17% |
| 2023-03-31 | $10.39 Million | +54.08% |
| 2022-03-31 | $6.74 Million | +17.26% |
| 2021-03-31 | $5.75 Million | +13.42% |
| 2020-03-31 | $5.07 Million | -11.77% |
| 2019-03-31 | $5.75 Million | -12.51% |
| 2018-03-31 | $6.57 Million | +450.79% |
| 2017-03-31 | $1.19 Million | +1854.22% |
| 2016-03-31 | $-67.97K | -1041.53% |
| 2015-03-31 | $7.22K | +449.42% |
| 2014-03-31 | $-2.07K | -100.40% |
| 2013-03-31 | $513.73K | -23.82% |
| 2012-03-31 | $674.41K | +1653.98% |
| 2011-03-31 | $38.45K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Foremost Lithium Resource & Technology Ltd. Warrant's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2390785400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $45.67 Million | 186.45% |
| Other Comprehensive Income | $3.28 Million | 13.40% |
| Total Equity | $24.49 Million | 100.00% |
Foremost Lithium Resource & Technology Ltd. Warrant Competitors by Market Cap
The table below lists competitors of Foremost Lithium Resource & Technology Ltd. Warrant ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Queen's Road Capital Investment Ltd
PINK:BRSGF
|
$6.75 Million |
|
Nable Communications Inc
KQ:153460
|
$6.75 Million |
|
Muda Holdings Bhd
KLSE:3883
|
$6.75 Million |
|
Creative Global Technology Holdings Limited Ordinary Shares
BATS:CGTL
|
$6.76 Million |
|
A.F.P. Planvital S.A.
SN:PLANVITAL
|
$6.75 Million |
|
Cymat Technologies Ltd
OTCQB:CYMHF
|
$6.74 Million |
|
CopperCorp Resources Inc.
OTCQB:CPCPF
|
$6.74 Million |
|
Bimergen Energy Corporation
OTCQB:BESS
|
$6.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Foremost Lithium Resource & Technology Ltd. Warrant's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,209,537 to 24,492,262, a change of 11,282,725 (85.4%).
- Net loss of 3,615,375 reduced equity.
- New share issuances of 11,850,379 increased equity.
- Other comprehensive income increased equity by 713,886.
- Other factors increased equity by 2,333,835.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.62 Million | -14.76% |
| Share Issuances | $11.85 Million | +48.38% |
| Other Comprehensive Income | $713.89K | +2.91% |
| Other Changes | $2.33 Million | +9.53% |
| Total Change | $- | 85.41% |
Book Value vs Market Value Analysis
This analysis compares Foremost Lithium Resource & Technology Ltd. Warrant's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.01x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-03-31 | $0.28 | $0.84 | x |
| 2012-03-31 | $2.31 | $0.84 | x |
| 2013-03-31 | $1.39 | $0.84 | x |
| 2014-03-31 | $-0.01 | $0.84 | x |
| 2015-03-31 | $0.02 | $0.84 | x |
| 2016-03-31 | $-0.16 | $0.84 | x |
| 2017-03-31 | $1.24 | $0.84 | x |
| 2018-03-31 | $3.80 | $0.84 | x |
| 2019-03-31 | $2.76 | $0.84 | x |
| 2020-03-31 | $2.07 | $0.84 | x |
| 2021-03-31 | $2.05 | $0.84 | x |
| 2022-03-31 | $2.06 | $0.84 | x |
| 2023-03-31 | $2.64 | $0.84 | x |
| 2024-03-31 | $2.92 | $0.84 | x |
| 2025-03-31 | $3.26 | $0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Foremost Lithium Resource & Technology Ltd. Warrant utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-14.76%) is above the historical average (-191.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -190.08% | 0.00% | 0.00x | 3.11x | $-76.93K |
| 2012 | -54.12% | 0.00% | 0.00x | 1.15x | $-432.44K |
| 2013 | -37.37% | 0.00% | 0.00x | 1.12x | $-243.37K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-581.79K |
| 2015 | -2077.85% | 0.00% | 0.00x | 38.57x | $-150.72K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-176.20K |
| 2017 | -105.93% | 0.00% | 0.00x | 1.33x | $-1.38 Million |
| 2018 | -162.26% | 0.00% | 0.00x | 1.14x | $-11.31 Million |
| 2019 | -47.38% | 0.00% | 0.00x | 1.12x | $-3.30 Million |
| 2020 | -44.78% | 0.00% | 0.00x | 1.17x | $-2.78 Million |
| 2021 | -45.43% | 0.00% | 0.00x | 1.16x | $-3.19 Million |
| 2022 | -62.71% | 0.00% | 0.00x | 1.17x | $-4.90 Million |
| 2023 | 9.21% | 0.00% | 0.00x | 1.28x | $-82.18K |
| 2024 | -33.85% | 0.00% | 0.00x | 1.26x | $-5.79 Million |
| 2025 | -14.76% | 0.00% | 0.00x | 1.13x | $-6.06 Million |
Industry Comparison
This section compares Foremost Lithium Resource & Technology Ltd. Warrant's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Foremost Lithium Resource & Technology Ltd. Warrant (FMSTW) | $32.90 Million | -190.08% | 0.08x | $6.75 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |