Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 21

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 21
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 executive officers, the fees and expenses of the representative’s
legal counsel, the Representative’s use of Ipreo’s book- building, prospectus tracking and compliance software for this offering,
date services and communication expenses, and market making and trading, and cleating firm settlement expenses, for a total amount that
shall not exceed $50,000. We have paid an expense deposit of $50,000 to the representative, which was applied against the representative’s
accountable out-of-pocket expenses (in compliance with FINRA Rule 5110(f)(2)(C)) that are payable by us in connection with this offering.

We have paid ThinkEquity LLC a non-refundable advisory
fee equal to $50,000 for corporate consulting services provided to us in connection with the restructure of our capitalization, management
negotiation, and identification of our director candidates.

The total expenses of this offering payable by us,
not including underwriting discounts and expenses, are approximately $830,000.

Representative’s Warrants

Upon the closing of this offering, we issued to the
representative warrants to purchase 4,000 common shares, which equal in the aggregate to 5% of the total Units sold in this public offering
(the “Representative’s Warrants”). The Representative’s Warrants are exercisable at a per share exercise price
of $6.25, equal to 125% of the public offering price per share sold in this offering. The Representative’s Warrants are exercisable
at any time and from time to time, in whole or in part, during the four-and-½-year period commencing six months after the date
of commencement of sales of this offering. The Representative’s Warrants also provide for one demand registration right of the shares
underlying the Representative’s Warrants, and unlimited “piggyback” registration rights with respect to the registration
of the common shares underlying the Representative’s Warrants and customary antidilution provisions. The demand registration right
provided will not be greater than five years from the effective date of the registration statement, of which the prospectus forms a part,
in compliance with FINRA Rule 5110(g)(8)(C). The piggyback registration right provided will not be greater than seven years from the effective
date of the registration statement, of which the prospectus forms a part, related to this offering in compliance with FINRA Rule 5110(g)(8)(D).

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The Representative