Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 6

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 6
---
 is based on estimates, forecasts, projections, market research or similar methodologies is inherently subject
to uncertainties, and actual events or circumstances may differ materially from events and circumstances that are assumed in this information.
Unless otherwise expressly stated, we obtained this industry, business, market and other data from our own internal estimates and research
as well as from reports, research surveys, studies and similar data prepared by market research firms and other third parties, industry,
medical and general publications, government data, and similar sources.

In addition, assumptions and estimates of our and
our industry’s future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors,
including those described in “Risk Factors”. These and other factors could cause our future performance to differ materially
from our assumptions and estimates. See “Cautionary Note Regarding Forward-Looking Statements”.

<div align='center'>7</div>

Trademarks

We own or have rights to various trademarks, service
marks and trade names that we use in connection with the operation of our business. This Prospectus, and the documents incorporated by
reference, also contains additional trademarks, trade names and service marks belonging to other companies. Solely for convenience, trademarks,
trade names and service marks referred to in this Prospectus, and the documents incorporated by reference, may appear without the ®,
™ or SM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under
applicable law, our rights or the right of the applicable licensor to these trademarks, trade names and service marks. We do not intend
our use or display of other parties’ trademarks, trade names or service marks to imply, and such use or display should not be construed
to imply, a relationship with, or endorsement or sponsorship of us by, these other parties.

Financial Information and Currency

Unless otherwise indicated, all references in this
Prospectus, and the documents incorporated by reference herein, to “dollars” or “CAD” or “$”
are to Canadian dollars and all references to “USD” or “US$” are to United States dollars.

Exchange Rates

The following tables set forth the annual average exchange rates for the
years ended March 31, 2025, March 31, 2024 and March 31, 2023, and the monthly average exchange rates for each month during the previous
twelve months, as supplied by the Bank of Canada. These exchange rates are expressed as