Foremost Clean Energy posts Q1 net loss of CAD 1.03 million, citing Rio Grande investment loss and higher management fees

FMST•2026-08-12

Non-cash items and Rio Grande investment performance

Share-based payments increased to CAD 201,517 on new stock option and RSU grants.

Derivative liabilities produced a CAD 394,541 gain, reflecting a drop in the company’s U.S.-dollar warrant price to USD 0.58.

Loss on its Rio Grande investment totaled CAD 257,627, versus a CAD 1.47 million gain a year earlier.

Quarterly loss widened on fees and investment results

Foremost Clean Energy posted a net loss of CAD 1.03 million for the three months ended June 30, 2026, versus CAD 405,838 income a year earlier.

Higher management and directors’ fees drove the swing, rising to CAD 615,427 as bonuses lifted compensation.

Sources

Foremost Clean Energy posts Q1 net loss of CAD 1.03 million, citing Rio Grande investment loss and higher management fees

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Foremost Clean Energy posts Q1 net loss of CAD 1.03 million, citing Rio Grande investment loss and higher management fees

Non-cash items and Rio Grande investment performance

Quarterly loss widened on fees and investment results

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