Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 31

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 31
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     | $     | 1,039,011 |
| Nine-month Period ended December 31, 2023                               |     |            |         |     |            |         |     |             |         |     |       |           |
| Current and former directors, officers and companies controlled by them |     | $          | 434,131 |     | $          | 116,123 |     | $           | 651,125 |     | $     | 1,201,379 |

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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)

| 8. | RELATED PARTY TRANSACTIONS (Continued) |

Additionally, please refer to Note 6 on the short-term related party Loan payable.

During the nine-month period ended December 31, 2024,the Company issued common shares to Denison pursuant to the option agreement. Please refer to Notes 4 and 7. No other fee was paid or accrued to Denison during the nine-month period ended December 31, 2024.

The amounts due to related parties included in accounts payable and accrued liabilities are unsecured, non-interest bearing, and have no specific terms of repayment, and are as follows:

|                                                                         |     |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:------------------------------------------------------------------------|:----|:--|-------------:|:----|:--|----------:|
| Current and former directors, officers and companies controlled by them |     | $ |      124,722 |     | $ |    86,980 |

| 9. | SEGMENTED INFORMATION |

The Company primarily operates in one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets. Geographic information is as follows:

|                                    |     |   | December 31, 
         2024 |     |   |  March 31, 
       2024 |
|:-----------------------------------|:----|:--|-------------:|:----|:--|-----------:|
| Exploration and evaluation assets: |     |   |              |     |   |            |
| Canada                             |     | $ |