The community was originally settled during the creation of a Canadian Pacific Railway line from Weyburn, Saskatchewan to Stirling, Alberta in an attempt to profit from railway trade. During 1912–1913, pioneers, mainly Mormons, settled at Altorado, located southeast of present-day Foremost. By 1913, the population was in the neighborhood of 100 people, and the town boasted a doctor, a post office, two general stores, and three blacksmiths.
However, in 1913, the line bypassed the community and began the town of Foremost, and the community became non-viable.
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