Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 161

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 10
Chunk 161
---
 based are subject to various interpretations, the IRS and the U. S. courts could disagree with one or more of the conclusions described in this summary.

Scope of this Summary

Authorities

This summary is based on the Code, Treasury Regulations (whether final, temporary, or proposed), published rulings of the IRS, published administrative positions of the IRS, the current provisions of the Convention Between Canada and the United States with Respect to Taxes on Income and on Capital of 1980, as amended (the “ Canada-U. S. Tax Treaty), and U. S. court decisions that are applicable, and, in each case, as in effect and available, as of the date of this document. Any of the authorities on which this summary is based could be changed in a material and adverse manner at any time, and any such change could be applied on a retroactive or prospective basis, which could affect the U. S. federal income tax considerations described in this summary. Except as provided herein, this summary does not discuss the potential effects, whether adverse or beneficial, of any proposed legislation that, if enacted, could be applied on a retroactive or prospective basis.

U. S. Holders

For purposes of this summary, the term “ U. S. Holder” means a beneficial owner of common shares that is for U. S. federal income tax purposes:

  An individual who is a citizen or resident of the United States;  

  a corporation (or other entity treated as a corporation for U. S. federal income tax purposes) organized under the laws of the United States, any state thereof or the District of Columbia;  

  an estate whose income is subject to U. S. federal income taxation regardless of its source; or  

  a trust that (1) is subject to the primary supervision of a court within the U. S. and the control of one or more U. S. persons for all substantial decisions or (2) has a valid election in effe...  

Non-U. S. Holders

For purposes of this summary, a “non-U. S. Holder” is a beneficial owner of common shares that is not a U. S. Holder or an entity classified as a partnership for U. S. federal income tax purposes. This summary does not address the U. S. federal, state or local tax consequences to non-U. S. Holders arising from or relating to the acquisition, ownership and disposition of common shares. Accordingly, a non-U. S. Holder should consult its own tax