Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 27

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 27
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; (vi) whether the Units will be issued with any other securities and, if so, the amount and terms of such securities;
(vii) any minimum or maximum subscription amount; (viii) whether the Units and the Securities comprising the Units are to be issued in
registered form, “book-entry only” form, non-certificated inventory system form, bearer form or in the form of temporary or
permanent global securities and the basis of exchange, transfer and ownership thereof; (ix) whether we will apply to list the Units on
a securities exchange or automated interdealer quotation system; (x) any other rights, privileges, restrictions and conditions attaching
to the Units or the Securities comprising the Units; and (xi) any other material terms or conditions of the Units or the Securities comprising
the Units, including whether and under what circumstances the Securities comprising the Units may be held or transferred separately.

### DESCRIPTION OF SUBSCRIPTION RECEIPTS
We may issue Subscription Receipts separately or in
combination with one or more other Securities. The Subscription Receipts will entitle holders thereof to receive, upon satisfaction of
certain release conditions and for no additional consideration, Equity Securities, Debt Securities, Warrants, Units or any combination
thereof. Subscription receipts will be issued pursuant to one or more subscription receipt agreements (each, a “Subscription Receipt Agreement”), each to be entered into between us and an escrow agent (the “Escrow Agent”) that will
be named in the relevant Prospectus Supplement. Each Escrow Agent will be a financial institution organized under the laws of Canada or
a province thereof or the laws of the United States or a state thereof and authorized to carry on business as a trustee. If underwriters
or agents are used in the sale of any Subscription Receipts, one or more of such underwriters or agents may also be a party to the Subscription
Receipt Agreement governing the Subscription Receipts sold to or through such underwriter or agent.

The following description sets forth certain general
terms and provisions of Subscription Receipts that may be issued hereunder and is not intended to be complete. The statements made in
this Prospectus relating to any Subscription Receipt Agreement and Subscription Receipts to be issued thereunder are summaries of certain
anticipated provisions thereof and are subject to, and are qualified in their entirety by reference to, all provisions of the applicable
Subscription Receipt Agreement. Prospective investors should refer to the Subscription Receipt Agreement relating to the specific Subscription
Receipts being offered for the complete terms of the Subscription