Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 200

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 200
---
 Total Shareholders ’ Equity                                                24,492,262                  13,209,537  
  Total Liabilities and Shareholders ’ Equity                    $           27,741,039      $           16,598,857  

Nature of operations and going concern (Note 1)

Subsequent events (Note 19)

Approved and authorized on behalf of the Board on June 18, 2025:

  (Signed)“ Jason Barnard ”      (Signed)“ Andrew Lyons ”  
  Jason Barnard, Director        Andrew Lyons, Director    

The accompanying notes are an integral part of these consolidated financial statements.

F-6

FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income

For the years ended March 31,

(Expressed in Canadian Dollars, except for share and per share amounts)

                                                                      2025                       2024                       2023                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  EXPENSES                                                                                                                                         
  Consulting (Note 10)                                                $             160,341      $             120,801      $             405,138  
  Investor relations and promotion (Note 10)                                      1,440,910                    851,614                    157,983  
  Listing fee                                                                        26,000                     54,184                          -  
  Management and director fees (Note 10)                                            808,550                    754,542                    381,819  
  Office and miscellaneous                                                          306,323                    267,690                     87,866  
  Property investigation costs                                                            -                          -                      4,399  
  Professional fees                                                               1,926,012                  1,178,691                  1,576,974  
  Share-based payments (Notes 9 and 10)                                             872,879                    910,700                    815,428  
  Transfer agent and filing fees                                                    250,316                    290,042                     75,446  
  Travel                                                                             25,209                     70,379                     31,466  
  Loss before other items                                                       ( 5,816,540                ( 4,498,643                ( 3,536,519  
  Change in fair value of derivatives (Note 9)                                      498,534                    166,651