Breakout Watch: Low Float (Nasdaq: FMST) Rides 4 Must-See Potential Catalysts Into Today's Bell

Get this... We're on low float watch once again. Breakout Watch: Low Float (Nasdaq: FMST) Rides 4 Must-See Potential Catalysts Into Today's Bell [Zacks SCR]( $6.20 Price Target Suggests Over 100+% Potential Upside February 15th Dear Reader, 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. In fact, volatility was on watch after this former breakout runner clipped a $.50+ burst short term for a move of approximately 15+% after it was brought to your attention back in December. Fast-forward to today. It's time to focus on a potential squeeze scenario that could be developing in the near future as this profile [traded above]( 2 key technical lines Wednesday, while a 3rd may be starting to come into the picture soon. And with a [major announcement]( of commenced drilling this week, it could become the ultimate driver catalyst near term to provide this profile's chart with a breakout spark. 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 4 Top Potential Breakout Catalysts Right Now #1. FMST Has A Low Float Which Could Create A Volatile Scenario. #2. Zacks SCR Initiates Coverage of Foremost Lithium Resource & Technology Ltd. With $6.20 Price Target. #3. This Week's Huge Zoro Drilling Commencement News Could Draw Significant Attention. #4. Could A Potential Chart Squeeze Be Nearing For FMST? 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 recent 2X move from October's lows to December's highs. Could positive company news near term provide a new breakout spark for FMST? Only time will tell, but it's also important to focus on this... #2. Zacks SCR Initiates Coverage of Foremost Lithium Resource & Technology Ltd. With $6.20 Price Target. Last month, [Zacks SCR]( analyst, Steven Ralston, tagged FMST with a $6.20 target. From FMST's opening valuation on Wednesday of $2.93 suggests an approximate 111% potential upside for this target. Check out some highlights from the report: - Foremost Lithium is poised to benefit from the expected structural supply-demand imbalance of lithium for EV batteries, bolstered by incentives designed to encourage North American-sourced lithium. The company is developing hard rock lithium projects located primarily in the vicinity of Snow Lake, Manitoba, Canada. - Management is focused on further resource development at its flagship Zoro Project. Through exploration efforts, Foremost’s properties are now known to host 25 confirmed spodumene-bearing pegmatite dykes. A 10,000m (45-hole) diamond drill campaign is scheduled to begin in February 2024. - Based on comparative analysis of junior hard rock lithium companies, a mid-second quartile price-to-book (P/B) ratio of 3.0 indicates a share price target of $6.20 per share. #3. This Week's Huge Zoro Drilling Commencement News Could Draw Significant Attention. On Tuesday, the company dropped this game-changing news: Foremost Lithium Announces Commencement of Drill Program at Zoro Lithium Project Dyke 1, the Company’s maiden resource, remains the focus for resource expansion as it’s open along strike and at depth. The Company has been awarded a two-year work permit from the Manitoba Mines Branch VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to confirm today that it has commenced drilling on it’s Zoro Lithium Property located in the Snow Lake region of Manitoba. The Company has received a multi-year work permit for its Zoro Property from the Mining Permit Office of the Manitoba Government, valid until April 26th of 2026, which will improve future corporate administration flow, increase consistency with other application processes, and will ease future long-term drill and exploration programs on the property. This drill program has been partially funded from a $300k grant awarded to the Company by The Manitoba Mineral Development Fund in January of 2024. ... [Read the full article here.]( #4. Could A Potential Chart Squeeze Be Nearing For FMST? Take a look at FMST's 6-month chart: As you can see above, FMST was [trading above]( 2 very important technical lines in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA). And with its 200-Day SMA appearing to be dropping significantly, a potential showdown could be on the horizon. That showdown could be a 200-Day SMA resistance breakdown leading to a mega-squeeze scenario playing out. These lines will be important to watch closely in the near term for FMST. ----- Recap: FMST's Top 4 Potential Breakout Catalysts #1. FMST Has A Low Float Which Could Create A Volatile Scenario. #2. Zacks SCR Initiates Coverage of Foremost Lithium Resource & Technology Ltd. With $6.20 Price Target. #3. This Week's Huge Zoro Drilling Commencement News Could Draw Significant Attention. #4. Could A Potential Chart Squeeze Be Nearing For FMST? ----- Coverage is officially reinitiated on Foremost Lithium Resource & Technology Ltd. (FMST). Drop everything and get this Nasdaq exploration profile on your radar now. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) FierceInvestor (FierceInvestor . com) is owned by SWN Media LLC, a limited liability company. 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Pursuant to an agreement between SWN Media LLC and Lakefront Enterprises Inc., FierceInvestor (FI) has been hired for a period beginning on 12/13/23 and ending on 12/14/23 to publicly disseminate information about (FMST) via Website, Email and SMS. SWN Media LLC was paid twenty thousand USD via bank wire transfer. We own zero shares of (FMST). Pursuant to an agreement between SWN Media LLC and TD Media LLC, FierceInvestor (FI) has been hired for a period beginning on 2/14/24 and ending on 2/15/24 to publicly disseminate information about (FMST) via Website, Email and SMS. SWN Media LLC was paid twenty thousand USD via bank wire transfer. We own zero shares of (FMST). To date we've been compensated a total of forty thousand USD via bank wire transfer to disseminate information about (FMST). A member of SWN Media LLC is also a member of TD Media LLC. 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