- FAR Resources (FAT) has changed its name to Foremost Lithium and delineated its new strategy
- The company aims to take advantage of the battery metals market by becoming a leading supplier of battery-grade lithium hydroxide
- Its three lithium projects are primed for exploration
- Foremost Lithium is an energy technology company driven to become a leading North American producer of battery-grade lithium hydroxide for electric vehicles
- Foremost Lithium (FAT) is up by 5.26 per cent and is currently trading at $0.30 per share
FAR Resources (FAT) has changed its name to Foremost Lithium and delineated its new strategy.
The company aims to take advantage of the battery metals market by becoming a leading supplier of battery-grade lithium hydroxide. Lithium is currently one of the most in-demand strategic global commodities.
It has over 16,000 combined acres between its Jean Lake and Zoro Lithium projects in Manitoba and its Hidden Lake Lithium Project in the Northwest Territories. All three projects are primed for the definition of drill targets and additional resource tonnage.
“This is an exciting time for our company, and with the unveiling of our new name we can officially re-focus with a vision that we feel will increase maximum value to shareholders with a pivot to lithium,” stated Scott Taylor, Foremost’s President and CEO.
Foremost’s trading symbol on the CSE will remain unchanged.
Foremost Lithium is an energy technology company driven to become a leading North American producer of battery-grade lithium hydroxide for electric vehicles.
Foremost Lithium (FAT) is up by 5.26 per cent and is currently trading at $0.30 per share as of 1:09 pm EST.