Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 9

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 9
---
 our financial statements before making an investment decision.

Overview

Foremost Clean Energy Ltd. (formerly Foremost Lithium
Resource & Technology Ltd.) was incorporated under the British Columbia Business Corporations Act (the “BCBCA”)
and the laws of the Province of British Columbia as FAR Resources Ltd. on July 7, 2005 (Number: BC0729352). We changed our name to Foremost
Lithium Resource & Technology Ltd. on January 4, 2022, and later changed our name to Foremost Clean Energy Ltd. on September 30, 2024.
We had held certain underlying royalties, a 100% ownership and option interest in certain claims in the Winston Gold and Silver Property
located in Sierra County, New Mexico, USA (the “Winston Property”) within a previous wholly-owned subsidiary, Sierra
Gold & Silver Ltd. (“Sierra”). On July 19, 2024, Rio Grande Resource Ltd. (“Rio Grande”) was
incorporated under the laws of British Columbia solely for the purpose to effect the Arrangement. As part of a Plan of Arrangement (the
“Arrangement”) under British Columbia law, Foremost transferred to Rio Grande all of the issued and outstanding shares
of Sierra, resulting in the Winston Property being wholly-owned by Rio Grande, and Sierra becoming a subsidiary of Rio Grande. The Arrangement
was completed on January 31, 2025.

Our registered office address is 750 West Pender
Street, Suite 250 Vancouver, British Columbia, Canada V7Y 1K3. Our company email address is info@foremostcleanenergy.com. Our telephone
number is (604) 330-8067. Our principal website address is http://www.foremostcleanenergy.com. We do not incorporate the information contained
on, or accessible through, Foremost’s website into this registration statement, and you should not consider it a part of this registration
statement.

<div align='center'>10</div>

Our agent for service of process in the United States
is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, N.Y. 10168.

Our Business Focus

Our focus and mission is to continue active exploration
and development on our promising, yet underdeveloped fertile clean energy land package located in Canada. Our objective is to make significant
discoveries of uranium and lithium through systematic exploration programs, particularly within the Athabasca