Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 51

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 51
---
 | FL020-035      | 236.03 237.00  |      0.97 |      458 |    0.099 |      147 |     35.5 |
|          | FL020-036      | 237.00 238.00  |      1.00 |     5580 |    1.201 |      192 |     37.3 |
|          | FL020-037      | 238.00 239.03  |      1.03 |     2400 |    0.517 |      285 |     40.9 |
|          | FL020-039      | 239.03 240.00  |      0.97 |     3043 |    0.655 |      210 |     47.8 |
|          | FL020-040      | 240.00 241.05  |      1.05 |     6215 |    1.338 |      215 |     34.1 |

Page 8 | 23

Foremost Clean Energy Ltd. (Formerly, Foremost Lithium Resource & Technology Ltd.)
Management Discussions and Analysis
Period Ended December 31, 2024

NI 43-101 Technical Report

On July 9, 2018, the Company announced that it had received the first ever resource estimate for Dyke 1 on its Zoro Lithium Property. Dyke 1 contains an inferred resource of 1,074,567 tonnes grading 0.91% Li2O, 182 ppm Be, 198 ppm Cs, 51 ppm Ga, 1212 ppm Rb and 43 ppm Ta (at a cut-off of 0.3% Li2O). Dyke 1 is open at depth and to the north and south where additional exploration is ongoing. The estimate has an effective date of July 6, 2018, and was prepared by Scott Zelligan P. Geo., an independent resource geologist of Coldwater, Ontario. Dyke 1 is one of sixteen known spodumene-mineralized pegmatite dykes on the property. The remaining dykes are currently the object of ongoing exploration including drill-testing.

Inferred mineral resources are not mineral reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources as an indicated or