Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 29

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 29
---
 | - |     |           | 40,000 |
| Total                                   |     |          |          |     |           | 5,765 |     |         |            43,274 |     |           | - |     |             | - |     |           | 49,039 |
| Weighted average exercise price         |     |          |          |     | $         | 10.00 |     | $ $     | USD 6.25 CAD 3.40 |     | $         | - |     | $           | - |     | $         |   6.50 |
| Weighted average remaining life (years) |     |          |          |     |           |       |     |         |                   |     |           |   |     |             |   |     |           |   2.94 |

<div align='center'>Page 21| 28</div>

FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Notes to the Condensed Interim Consolidated Financial Statements

December 31, 2024

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

| 7. | CAPITAL STOCK AND RESERVES (Continued) |

Agent warrants(continued):

The fair value of agent warrants was calculated using the Black-Scholes option pricing model with the following weighted average assumptions:

|                               |     |   | For the nine 
 months ended 
 December 31, 
         2024 |   |     |   | For the year 
        ended 
    March 31, 
         2024 |   |
|:------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Fair value per agent warrants |     | $ |         1.24 |   |     | $ |         7.95 |   |
| Exercise price                |     | $ |         3.00 |   |     | $ |         8.09 |   |
| Expected life (years)         |     |   |         2.00 |   |     |   |         4.78 |   |
| Interest rate                 |     |   |         3.18 | % |     |   |         4.09 | % |
| Annualized volatility         |     |   |        85.95 | % |