Foremost Clean Energy Q1 FY27 net loss widens to CAD 1.03 million - FMST News | RalliesForemost Clean Energy Q1 FY27 net loss widens to CAD 1.03 million
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FMST• Q1 FY27 results and balance sheet changes
- Foremost Clean Energy posted a net loss of CAD 1.03 million, swinging from net income of CAD 405,838 a year earlier.
- Loss per share widened to CAD 0.06 from earnings per share of CAD 0.04 in the prior-year quarter.
- Cash fell to CAD 2.54 million from CAD 6.34 million at March 31, 2026; net cash used in operating activities was CAD 1.68 million.
- Exploration and evaluation assets climbed to CAD 32.69 million from CAD 30.65 million at March 31, 2026; total assets eased to CAD 37.54 million.
- In July, 848,610 shares were issued to Denison to complete Phase 2 on the Athabasca Properties, lifting Foremost’s interest to 51%.
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