Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 4

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 4
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 thereof if offered on a non-fixed price basis),
the procedures for the exchange of Subscription Receipts, the amount and type of securities that holders thereof will receive upon exchange
thereof and any other specific terms of the Subscription Receipts being offered. Where required by statute, regulation or policy, and
where Securities are offered in currencies other than Canadian dollars, appropriate disclosure of foreign exchange rates applicable to
such Securities will be included in the Prospectus Supplement describing such Securities. See the section titled “Plan of Distribution”.

All shelf information permitted under applicable securities
laws to be omitted from this Prospectus will be contained in one or more Prospectus Supplements that will be delivered to purchasers together
with this Prospectus. Applicable securities legislation requires the delivery to purchasers of a Prospectus Supplement containing the
omitted information within a specified period of time after agreeing to purchase any of these Securities, except in cases where an exemption
from such delivery requirement is available. Each Prospectus Supplement will be deemed to be incorporated by reference into this Prospectus
as of the date of the Prospectus Supplement and only for the purposes of the distribution of the Securities to which the Prospectus Supplement
pertains.

This Prospectus constitutes a public offering of the
Securities only in those jurisdictions where they may be lawfully offered for sale and only by persons permitted to sell the Securities
in those jurisdictions. We may offer and sell Securities to, or through, underwriters or dealers and also may offer and sell certain Securities
directly to other purchasers or through agents pursuant to exemptions from registration or qualification under applicable securities laws.
A Prospectus Supplement relating to each issue of Securities offered thereby will set forth the names of any underwriters, dealers, or
agents involved in the offering and sale of the Securities and will set forth the terms of the offering of the Securities, the method
of distribution of the Securities including, to the extent applicable, the proceeds we will receive and any fees, discounts or any other
compensation payable to underwriters, dealers or agents and any other material terms of the plan of distribution.

Unless otherwise specified in an applicable Prospectus
Supplement, the Preferred Shares, Debt Securities, Subscription Receipts, Units and Warrants will not be listed on any securities or stock
exchange or on any automated dealer quotation system. There is currently no market through which these Securities, other than the Common
Shares, may be sold and purchasers may not be able to resell such Securities purchased under this Prospectus and any applicable Prospectus
Supplement. This