Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 64

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 64
---
393,940 (2023 – $2,958,769). The increase of $1,435,171 in the net loss for the nine-month period ended December 31, 2024, compared to the nine-month period ended December 31, 2023, was primarily due to the following:

| ● | Consulting of $124,341 (2023 - $185,697) decreased by $61,356 and was related to consulting services in connection with the NASDAQ listing in comparative period. |

| ● | Investor relations and promotion of $1,174,829 (2023 - $436,865) increased by $737,964 and was primarily due to the Company’s effort to increase market awareness. |

| ● | Listing fee of $5,000 (2023 - $54,184) decreased by $49,184 and was directly related to the Company’s NASDAQ listing in the comparative period. |

| ● | Management and directors’ fees of $594,847 (2023 - $434,131) increased by $160,716 and was related to certain contracted or salaried employees and the addition of new employees due to the growth of the Company. |

| ● | Office and miscellaneous of $235,517 (2023 - $173,701) increased by $61,816 and was mainly related to increase in insurance costs after listing on the NASDAQ. |

| ● | Professional fees of $1,562,281 (2023 - $989,878) increased by $572,403 which was mostly related to an increase in legal and audit fees related to the spin-out transaction in the current period. |

| ● | Share-based payments of $706,436 (2023 - $855,461) decreased by $149,025 due to the timing of stock option grants and the valuation using the Black-Scholes valuation model. |

| ● | Transfer agent and filing fees of $108,173 (2023 - $191,683) decreased by $83,510 which was primarily related to fees associated with the additional NASDAQ listing in comparative period. |

| ● | Travel of $10,549 (2023 - $55,855) decreased by $45,306 due to a decrease in trade shows, conferences and property site visits. |

| ● | Gain on derivative liabilities of $331,878 (2023 - $558,663) decreased by $226,785 due to the decrease in the Company’s share price from $0.