Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 232

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 232
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.00      July 14, 2028      
  April 29, 2024                                 247,471(c)        $                      4.00      April 29, 2026     
  November 14, 2024                              3,045,500(d)      $                      4.00      November 14, 2026  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                 4,434,563                                                             

*Pursuant to the Arrangement (Note17), Foremost shall, as agent for Rio Grande, collect and pay to Rio Grande the following amount to Rio Grande:

(a) $0.8114per warrant exercised.

(b) $0.3584per warrant exercised.

(c) $0.3048per warrant exercised.

(d) $0.3584per warrant exercised.

Agent warrants:

A continuity of the agent warrants granted for the year endedMarch 31, 2025is as follows:

  Expiry Date                                  Exercise Price                                                      
  August 21, 2028                              $                   USD 6.25      40,000      -             40,000  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  July 19, 2024                                $                      10.00       5,765      -                  -  
  March 13, 2026                               $                       3.40       3,274      -              3,274  
  April 29, 2026                               $                       3.40           -      51                51  
  November 14, 2026                            $                       3.00           -      162,730      162,730  
  Total                                                                          49,039      162,781      206,055  
  Weighted average exercise price                                                  6.50      3.00            4.19  
  Weighted average remaining life (years)                                          2.94                      1.96  

(1)130,184exercised subsequently

*5,765agent warrants expired, resulting in an allocation of share-based reserves of $22,001to deficit.

A continuity of the agent warrants granted for the year endedMarch 31, 2024is as follows:

  Expiry Date                                  Exercise Price                               Granted                            
  August 21, 2028                              $                   USD 6.25