---
title: "Foremost Clean Energy Q1 FY27 net loss widens to CAD 1.03 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295700067.md"
description: "Foremost Clean Energy reported a widened Q1 FY27 net loss of CAD 1.03 million, reversing from a prior-year profit. EPS dropped to a loss of CAD 0.06 from CAD 0.04. Cash reserves fell to CAD 2.54 million, while exploration assets rose to CAD 32.69 million. Additionally, the company issued shares to Denison in July, increasing its interest in Athabasca Properties to 51%."
datetime: "2026-08-12T19:21:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295700067.md)
  - [en](https://longbridge.com/en/news/295700067.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295700067.md)
generator: "portal-rs"
---

# Foremost Clean Energy Q1 FY27 net loss widens to CAD 1.03 million

-   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%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Foremost Clean Energy Ltd. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [FMST.US](https://longbridge.com/en/quote/FMST.US.md)
- [DNN.US](https://longbridge.com/en/quote/DNN.US.md)
- [FMSTW.US](https://longbridge.com/en/quote/FMSTW.US.md)

## Related News & Research

- [Denison Mines posts investor presentation on Phoenix ISR uranium mine construction progress and 2028 production target](https://longbridge.com/en/news/296505367.md)
- [Denison Mines (DNN) Receives a Buy from Roth MKM](https://longbridge.com/en/news/296056406.md)
- [BioSyent GAAP EPS of C$0.25, revenue of C$19.87M](https://longbridge.com/en/news/296538491.md)
- [Kenny Choi Sells 50,000 Shares of Belo Sun Mining (TSE:BSX) Stock](https://longbridge.com/en/news/296763306.md)
- [Evolve Future Leadership Fund - ETF Hedged declares CAD 0.21 dividend](https://longbridge.com/en/news/296299467.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**