Broadening investor access on Upstream’s Global Securities Trading App
Get to know Foremost Lithium Resource & Technology Ltd.
- For the Upstream community who may not know you yet, please give a short intro on who your company is:
Foremost Lithium is a hard-rock lithium exploration company focused on empowering the North American clean energy economy. Foremost’s strategically located lithium properties extend over 43,000 acres in Snow Lake, Manitoba, and hosts a property in a known active lithium camp situated on over 11,400 acres in Quebec called Lac Simard South.
Foremost’s four flagship Lithium Lane Projects as well as its Lac Simard South project are located at the tip of the NAFTA superhighway to capitalize on the world’s growing EV appetite, strongly positioning the Company to become a premier supplier of North America’s lithium feedstock. As the world transitions towards decarbonization, the Company’s objective is the extraction of lithium oxide (Li₂O), and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH), to help power lithium-based batteries, critical in developing a clean-energy economy. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA. Learn More at www.foremostlithium.com.
2. What’s one or two of your biggest initiatives this year as a company?
- Foremost’s board recently approved a strategic spin-out of its Winston Group of Gold and Silver Properties into a newly incorporated and independent, publicly-traded company named Rio Grande Resources Ltd. pursuant to a court-approved plan of arrangement. The spin-out proves to maximize the value our Winston Group of Gold and Silver Properties independently of Foremost’s lithium projects, and during a bull market for precious metals.
- In May 2024, Foremost completed a successful program with XPS Expert Process Solutions and SGS Canada Inc. to develop and produce a near 6% Li2O spodumene concentrate into a saleable battery-grade lithium hydroxide or carbonate product from a 500kg bulk sample in it’s Zoro Lithium Project, a 8,377 acre property. The company is now working on another drill program at the Zoro Property with results expected to be released in Q3, positioning Foremost to market future lithium production to battery manufacturers and other strategic partners while it’s still in the ground and for potential a future Direct Shipping Ore (“DSO”) program. The company has begun regulatory processes with Manitoba Government regarding permitting for DSO.
3. What’s a recent trend in your industry that you believe sets up your company for success?
The current Lithium market creates an attractive investment environment for investors looking to back exploration stage assets. It’s undeniable that the world is seeking alternative energy sources for power generation and transportation, and the energy transition necessitates grid-scale battery storage and higher adoption of battery technologies in day to day life. Existing electrification across the global economy is expected to drive a structural supply gap as demand for lithium outstrips supply, putting upwards pressure on lithium pricing. Foremost’s projects are located at the tip of the NAFTA “superhighway” with easy access to North American battery and EV manufacturing sites to supply its lithium concentrate product for future feedstock – a compelling opportunity with Battery and Electric Vehicle Manufacturers beginning to source their raw materials directly with miners and junior explorers.
4. Where can shareholders learn more about your dual listing.
https://www.foremostlithium.com/
5. Why should shareholders be excited about the dual listing with Upstream?
On-Shoring of Critical Mineral Supply Chains is a Growing National Security Concern, with governments increasingly incentivizing local production of minerals expected to be key to the future economy. For example, 1) Both Mercedes Benz and Volkswagen announced an agreement to secure battery raw materials in Canada and 2) LG Energy Solutions, the second largest battery maker in the world signed an MOU with Foremost’s neighbor in Snow Lake, Manitoba. With our Upstream listing, we hope to give investors the opportunity to invest in a proven Canadian jurisdiction with a rich mining history.
How to Trade Foremost Lithium Resource & Technology Ltd. Shares on Upstream
Investors outside the U.S. can now deposit or trade Foremost securities by downloading Upstream from their preferred app store at https://upstream.exchange/, creating an account by tapping sign up, and completing a simple KYC identity verification. Then investors may either deposit their Foremost shares, or fund their account with credit, debit, PayPal, USD, or USDC to buy Foremost shares. Note, U.S. persons may not deposit, buy, or sell securities on Upstream. Trading will commence when an existing shareholder places an offer for sale on Upstream establishing the first trade.
Details on the Foremost listing and deposit and trading instructions can be found at https://upstream.exchange/foremost/. The Upstream market is open 5 days a week 20 hours a day, Monday to Friday: 10:00am to 06:00am UTC+4 (1:00am to 9:00pm EST). Traders on Upstream’s smart-contract powered market will experience real-time trading and settlement, and a transparent orderbook which does not permit common market manipulations.
Existing global (non-U.S.) shareholders may transfer their shares by opening Upstream, tapping Investor, Manage Securities, Deposit Securities, then entering the ticker symbol and the number of shares to deposit, and tapping Submit. Next, shareholders enter the brokerage firm name and brokerage account number and tap Submit. Finally, they tap Add E-Signature, sign their name on the screen using their finger, tap Done, and then tap Sign. Shareholders will receive via email an executed deposit form to submit to their current brokerage firm to initiate a withdrawal to the transfer agent. Shareholders will receive a push notification once the shares are deposited and available for trading on Upstream.
Upstream Dual Listing Advantages
1. Increased access to a global audience– Upstream puts marketing at the forefront of dual listings. This includes access to over $100k of IR value for issuers from Upstream’s media community to amplify dual listings.
2. Advanced technology integrations- Upstream features an advanced, global securities trading app with streamlined onboarding, in-app KYC, T+0 trades, and settlement.
3. Increased liquidity potential and trading hours- Upstream is available globally (non-U.S. or Canada) and has expanded trading hours 20 hours a day, 5 days a week.
4. One global trading app- For investors around the world to simply download, sign up, and access dual-listed equities from markets globally.
5. Direct access to the market- With no stockbroker middlemen and no market maker “members”, a trader’s app is connected directly to the Upstream exchange.
6. No market manipulations- As all trades execute peer-to-peer, settle instantly, and predatory market manipulations are prevented with smart-contract technology.
7. Accept Modern Payment Methods- Access a global, retail investor base that can trade Canadian, U.S., and international dual-listed equities using a credit/debit card, PayPal, USD, or USDC.
8. Spinoff Share Distributions- Issuers, with appropriate registration in the issuer’s jurisdiction, can generate Spin Off subsidiaries as stand-alone, separately traded companies on Upstream.
Issuers interested in dual listing on Upstream can get started at https://upstream.exchange/GetListed or reach the team at hello@upstream.exchange.
Disclaimers:
U.S. persons may not deposit, buy, or sell securities on Upstream. Anyone may buy and sell Collectibles on Upstream.
This communication shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted. Collectibles have no royalties, equity ownership, or dividends. Collectibles are for utility, collection, redemption, or display purposes only. Anyone may buy and sell Collectibles on Upstream. All orders for sale are non-solicited by Upstream and a user’s decision to trade securities must be based on their own investment judgment.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency, and a member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority, https://fsaseychelles.sc/, an associate member of the International Association of Securities Commissions (IOSCO). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agree to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development-stage companies. U.S. persons may not deposit, buy, or sell securities on Upstream. There can be no assurance the valuation of any particular company’s securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Collectible products are akin to a digital sticker of an underlying artwork and should not be considered a financial investment; a security token, an e-money token, or a form of digital currency. Collectibles should not, therefore, be purchased by anyone seeking financial gain or with an expectation to profit from the purchase, ownership in the entity, dividends or distributions, sale or resale of a Collectible. By buying a Collectible, you agree that you are not doing so for investment purposes or for the purposes of obtaining a security or an appreciating asset. You understand that the benefit you receive for buying a Collectible is limited to supporting athletes, celebrities and other brands. You also acknowledge that ownership of a Collectible does not carry with it any rights, express or implied, including (without limitation) copyright, trademarks or other intellectual property or proprietary rights in and to the underlying artwork. The copyright to the digital artwork remains with the copyright holder.
Forward-Looking Statements
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.