Foremost Lithium Resource & Technology
Renewables & Environment - Vancouver, British Columbia, Canada
Foremost Lithium Resource & Technology Employees
Foremost Lithium Resource & Technology Details
Foremost Lithium is a green energy technology company striving to be one of the first North American companies committed to ethically produce high quality, battery-grade lithium hydroxide domestically to fuel the ever-growing international electric vehicle battery market. As of November 17, 2021 the EV market cap of 1.52 trillion dollars outpaced the traditional combustion engine's 1.47 trillion dollars market for the first time. Given the importance and global focus on increasing energy decarbonization, The Company strives to maintain best-in class methods in accordance to Canadian mining and exploration standards and to achieve its own sustainability targets, including radically reducing the impact on the environment whenever possible.Foremost Lithium has three lithium properties: Zoro and Jean Lake located in mining-friendly Snow Lake, Manitoba, and Hidden Lakes in the Northwest Territories for a combined total of over 16,000 acres prime for current and future exploration with close proximity to US markets. The Company also holds an asset in precious commodities with its Winston Gold/Silver Project in New Mexico, USA.With lithium pricing rising over 400% in the last year alone the Company has turned its attention onto increasing shareholder value focusing immediate attention towards lithium with it's three lithium projects perfectly positioned to capture the explosive demand spurred on by electric vehicle demand.Electric Vehicles made up of 4.7 % of the total global auto sales in 2020. By 2030 that is expected to rise to 48% of all passenger cars sold.A supply squeeze is pushing lithium prices higher as battery materials face shortages as demand accelerates with global EV adoption."The lithium market is extremely tight at present, so spot prices are very sensitive to any supply disruptions," Alice Yu, analyst at S&P Global Market Intelligence, wrote in an email. Foremost Lithium is publicly traded on the CSE:FAT OTC:FRRSF and FSE:F0R0
Foremost Lithium Resource & Technology Technologies
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