Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 48

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 48
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, common shares, Pre-Funded Warrants, Common Share Purchase Warrants and Warrant Shares; (j) are partnerships
or other “pass-through” entities (and partners or other owners thereof); (k) are S corporations (and shareholders thereof);
(l) are U.S. expatriates or former long-term residents of the United States subject to Section 877 or 877A of the Code; (m) hold Common
Share Units, Pre-Funded Warrant Units, common shares, Pre-Funded Warrants, Common Share Purchase Warrants and Warrant Shares in connection
with a trade or business, permanent establishment, or fixed base outside the United States; or (n) own or have owned or will own (directly,
indirectly, or by attribution) 10% or more of the total combined voting power or value of our outstanding shares. U.S. Holders that are
subject to special provisions under the Code, including, but not limited to, U.S. Holders described immediately above, should consult
their own tax advisors regarding the U.S. federal, U.S. federal alternative minimum, U.S. federal net investment income, U.S. federal
estate and gift, U.S. state and local, and non-U.S. tax consequences relating to the acquisition, ownership and disposition of Common
Share Units, Pre-Funded Warrant Units, common shares, Pre-Funded Warrants, Common Share Purchase Warrants and Warrant Shares.

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If an entity or arrangement that is classified as
a partnership (or other “pass-through” entity) for U.S. federal income tax purposes holds Common Share Units, Pre-Funded Warrant
Units, common shares, Pre-Funded Warrants, Common Share Purchase Warrants and Warrant Shares, the U.S. federal income tax consequences
to such entity or arrangement and the partners (or other owners or participants) of such entity or arrangement generally will depend on
the activities of the entity or arrangement and the status of such partners (or owners or participants). This summary does not address
the tax consequences to any such partner (or owner or participant). Partners (or other owners or participants) of entities or arrangements
that are classified as partnerships or as “pass-through” entities for U.S. federal income tax purposes should consult their
own tax advisors regarding the U.S. federal income tax consequences arising from and relating to the acquisition, ownership and disposition
of Common Share Units, Pre-F