StockWireNews

Low Float (FMST) Could Impress With A Quick Green Move (Potential Squeeze Forming Down The Line?)

December 14th

Greetings Readers,

FMST could become a major breakout target near term.

Since the end of October, FMST has been on a heater.

With this move, FMST surged above its 50-Day Simple Moving Average and with its 13-Day Exponential Moving Average in its sights this morning, today's Nasdaq alert could be ready to take on more resistance levels.

If its 13-Day EMA breaks down today, we'll need to highlight that FMST's 200-Day SMA, another important technical line that has been falling in recent weeks.

FMST could become a breakout target if it's able to build support at 50-Day SMA and its 13-Day EMA while targeting a potential squeeze if its 200-Day SMA comes closer.

And remember, with a low float under 5Mn shares according to Yahoo Finance, any move for FMST could be chock-full of volatility.

Take a moment to review my initial FMST report below and get this Nasdaq breakout idea on radar quickly.

-----

Get this... We're on low float watch once again.

Newly introduced to the Nasdaq in 2023, this under-the-radar profile has a Yahoo Finance reported float under 5Mn shares.

What does this mean? Volatility will need to be high alert.

Volatility was one of the main reasons why our most recent profile surged to a high of $5.65 during pre-market Monday from its closing valuation of $3.69 last week.

That's an approx. 53% run in a flash!

But let's keep pushing forward because we're staring directly in the face of a major market disruptor.

Check this out:

That's right. You've probably heard it by now...

The global lithium-ion battery market size is expected to reach $182.53Bn by 2030.

Access to lithium sources is crucial for North America due to its role in lithium-ion batteries, vital for electric vehicles (EV's) and renewable energy.

Why is this access crucial? How about reducing reliance on imports enhancing energy security and stability?

Lithium control also helps provide a strategic edge in technology development.

Supply chain disruption? The chain becomes simpler with domestic sources enhancing resilience to global disruptions.

But above all else right now, the focus should be on EV market growth, and securing lithium locally supporting the expanding global electric vehicle market which saw over 10Mn vehicles sold in 2022.

One little-known company trading on the Nasdaq is looking to do their part in securing game-changing lithium properties in the early stages of our global green/clean energy revolution.

Drop everything right now and check out:

*Foremost Lithium Resource & Technology Ltd. (FMST)*

Foremost Lithium is a hard-rock lithium exploration company focused on empowering the North American clean energy economy.

FMST Has 3 Top Potential Breakout Catalysts Right Now

#1. FMST Has A Low Float Which Could Create A Volatile Scenario.

#2. Foremost Lithium Issues Shareholder Letter and Provides Corporate Update.

#3. “Rock Solid” Results: Foremost Lithium Reports Promising Exploration Results With Potential Implications For North American Lithium Mining And Resource Independence.

But more on those in a second...

See, the company owns the “Lithium Lane” projects in Snow Lake, Manitoba as well as Lac Simard South Project in Quebec, totaling 54,758 acres/ 22,160 hectares.

Its five Lithium Lane Projects are centrally located in the heart of North America, and are strategically located to supply the growing demand for battery metals.

Foremost’s projects are located at the tip of the NAFTA “superhighway” with easy access to North American battery and EV manufacturing sites.

A Tale Of Two Lithiums

Lithium carbonate and lithium hydroxide are types of lithium used in batteries that come from a chemical extraction process from lithium deposits.

But not all lithium is created equal.

Lithium deposits come mainly in two forms, brines which are found under dry lakebeds, or "salars," and hard-rock pegmatite deposits.

Lithium generally produced from brines are more expensive to produce, so hard rock lithium which comes from lithium hosted from spodumene pegmatite dikes is becoming the more common source of lithium production because:

Cost: Unlike lithium sourced from brines which can initially only be processed into lithium carbonate, the Company’s lithium hosted in spodumene pegmatite sources can be cost-effectively processed directly into either lithium hydroxide or lithium carbonate.

Speed: Lithium production sourced from brine recovery is typically a very lengthy process that can take anywhere from several months to a few years to complete. Lithium hosted in spodumene pegmatite resources can be processed daily into several tons of battery-grade lithium carbonate and lithium hydroxide.

Flexibility: Foremost’s Lithium hosted from spodumene pegmatites can be initially processed into lithium hydroxide or carbonite, while brines can only initially be processed in carbonate.

-----

Here's the gist of it...

Lithium is an essential part of lithium-ion batteries that are used in electric vehicles (EV's).

The need for a consistent supply for lithium should not be underscored by the importance it plays in our everyday lives.

We use lithium batteries in our mobile phones, laptops, digital cameras, power tools, medical treatment to treat bipolar disorder and battery storage of energy generated from wind and solar power.

The electric vehicle market by far has been the biggest catalyst driving the surge in demand.

The great news for a hard-rock lithium miner such as Foremost Lithium, is the trend towards lithium hydroxide derived from spodumene pegmatite dykes continues to increase as it’s proving to be the most cost effective and efficient choice for this battery metal.

FMST Website. FMST Presentation.

-----

The most pressing potential catalysts...

#1. FMST Has A Low Float Which Could Create A Volatile Scenario.

First off, FMST needs to be recognized for its float size.

With Yahoo Finance reporting a float of approx. 4.36Mn shares, FMST could become a volatile situation in a blink of an eye.

A float this size could be why this Nasdaq profile was able to make a 2X move from October's lows to November's highs.

Could positive company news towards the end of 2023 provide a new breakout spark for FMST near term?

Only time will tell, but it's also important to focus on this...

#2. Foremost Lithium Issues Shareholder Letter and Provides Corporate Update.

FMST President and Chief Executive Officer, Jason Barnard:

"2023 was a transformational year for Foremost Lithium, building the foundation for success in our 2024 drilling programs as we advance project timelines at our asset rich, strategically located hard-rock lithium properties in North America. Throughout the year, we have extended our land claims into eastern Canada, continued our exploration and growth on our Lithium Lane projects in Manitoba, executed on the drills, with lithium and gold discovery and completed property acquisitions.

On the capital markets front, we achieved a monumental milestone with our uplisting to the Nasdaq and the completion of a concurrent USD $4.0Mn public offering – laying the foundation for long-term shareholder value creation on a globally recognized exchange. Taken together, we believe we have the team, properties and strategy in place to execute on our Company’s objectives to achieve overwhelming success."

Or, how about this recent news...

#3. “Rock Solid” Results: Foremost Lithium Reports Promising Exploration Results With Potential Implications For North American Lithium Mining And Resource Independence.

Recently, the company divulged the latest results from its rock sampling efforts on several properties.

In particular, the Zoro and Jean Lake properties stood out, boasting high-grade lithium values and spodumene mineralization.

The rigorous surface exploration program encompassed four of Foremost's Lithium Lane properties located at the tip of the NAFTA superhighway: Peg North, Grass River Claims, Jean Lake and Zoro.

All eyes were on the LCT (Lithium Cesium Tantalum) pegmatites during this initiative, managed by Dahrouge Geological Consulting Ltd. (DGC).

Their concentrated efforts gravitated toward the high-priority targets at Zoro and Jean Lake Property, with assay values of up to 2.13% Li2O at the Zoro Property and 1.86% Li2O at the Jean Lake Property.

Jason Barnard, President and CEO of Foremost Lithium, detailed the exploration results, stating, "The meticulous exploration, culminating in these promising results, is testament to Dahrouge's expertise in the field. We are steering our 2023 exploration with laser focus on our premium assets, fortified by the wealth of geological data at our disposal." Barnard went on to say, "Anticipating the forthcoming drill program, we are upbeat about outlining drill targets. We're committed to validating the potential of this rich terrain and ushering in groundbreaking results for our stakeholders."

-----

Recap: FMST's Top 3 Potential Breakout Catalysts

#1. FMST Has A Low Float Which Could Create A Volatile Scenario.

#2. Foremost Lithium Issues Shareholder Letter and Provides Corporate Update.

#3. “Rock Solid” Results: Foremost Lithium Reports Promising Exploration Results With Potential Implications For North American Lithium Mining And Resource Independence.

-----

Coverage is officially initiated on Foremost Lithium Resource & Technology Ltd. (FMST).

Drop everything and get this Nasdaq exploration profile on your radar now.

Sincerely,

Kai Parker

StockWireNews

(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)