Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 34

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 34
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 currency.

Price risk

The Company is exposed to price risk with respect to commodity and equity prices. Equity price risk is defined as the potential adverse impact on the Company’s earnings due to movements in individual equity prices or general movements in the level of the stock market. Commodity price risk is defined as the potential adverse impact on earnings and economic value due to commodity price movements and volatilities. The Company closely monitors commodity prices of gold and lithium, individual equity movements, and the stock market to determine the appropriate course of action to be taken by the Company. The Company does not currently generate revenue so has limited exposure to price risk.

| 11. | SUPPLEMENTAL DISCLOSURES WITH RESPECT TO CASH FLOWS |

During the nine-month period ended December 31, 2024,significant non-cash investing and financing transactions included:

| a) | included in accounts payable and accrued liabilities was $377,925 related to exploration and evaluation assets; |

| b) | issued 1,836,416 common shares with a fair value of $6,866,449 for the acquisition of exploration and evaluation assets; and |

| c) | issued 162,781 agent warrants valued at $201,500 relating to private placements. |

During the nine-month period ended December 31, 2023,significant non-cash investing and financing transactions included:

| a) | included in accounts payable and accrued liabilities was $341,831 related to exploration and evaluation assets; |

| b) | issued 29,900 common shares with a fair value of $235,600 for the acquisition of exploration and evaluation assets; |

| c) | issued 40,000 underwriter/agent warrants valued at $270,400 for the public offering in the United States; and |

| d) | issued 30,900 common shares at a value of $187,872 to non-related consulting firm for services. |

During the year ended March 31, 2024,significant non-cash investing and financing transactions included:

| a) | included in accounts payable and accrued liabilities was $670,068 related to exploration and evaluation assets; |

| b) | issued 29,900 common shares with a fair value of $235,600 for the acquisition of exploration and evaluation assets; |

| c) | issued 40,000 underwriter/agent warrants valued at $270,400 for the public offering in the United States; and |

| d) | issued 30,900 common shares at a