Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 31

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 31
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 more series
under an indenture (the “Indenture”) to be entered into between us and one or more trustees that may be named in a
Prospectus Supplement for a series of Debt Securities. To the extent applicable, the Indenture will be subject to and governed by the
United States Trust Indenture Act of 1939, as amended. A copy of the form of the Indenture to be entered into has been or will be filed
with the SEC as an exhibit to the registration statement of which this Prospectus forms a part and will be filed with the securities commissions
or similar authorities in Canada when it is entered into. We may issue Debt Securities, separately or together, with Common Shares, Warrants,
Units or Subscription Receipts or any combination thereof, as the case may be.

The description of certain provisions of the Indenture
in this section do not purport to be complete and are subject to, and are qualified in their entirety by reference to, the provisions
of the Indenture. The following sets forth certain general terms and provisions of the Debt Securities. The particular terms and provisions
of a series of Debt Securities offered pursuant to this Prospectus will be set forth in the applicable Prospectus Supplement, and the
extent to which the general terms and provisions described below may apply to such Debt Securities will be described in the applicable
Prospectus Supplement. This description may include, but may not be limited to, any of the following, if applicable:

| · | the title of the Debt Securities; |

| 15 |

| · | any limit on the aggregate principal amount of the Debt Securities; |

| · | the date or dates, if any, on which the Debt Securities will mature and the portion (if less than all       
 of the principal amount) of the Debt Securities to be payable upon declaration of acceleration of maturity; |

| · | the rate or rates (whether fixed or variable) at which the Debt Securities will bear interest, if any,                                 
 the date or dates from which any such interest will accrue and on which any such interest will be payable and the record dates for any 
 interest payable on the Debt Securities;                                                                                               |

| · | the terms and conditions under which we may be obligated to redeem, repay or purchase the Debt Securities 
 pursuant to any sinking fund or analogous provisions or otherwise;                                        |

| · | the terms and conditions upon which we may redeem the Debt Securities, in whole or in part, at our option; |