Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 60

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 60
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,023,589.08, which was calculated based on 12,181,474 outstanding common shares held by non-affiliates as of July 30, 2025 date
at a price of US$5.42 per Common Share on June 5, 2025, which was the highest closing sale price of our common shares on the Nasdaq Capital
Market (“Nasdaq”) within 60 days of the filing date of the registration statement of which this Prospectus Supplement
forms a part. Pursuant to General Instruction I.B.5 of Form F-3, in no event will we sell, pursuant to this registration statement of
which this prospectus forms a part, securities with a value exceeding one-third of the aggregate market value of our outstanding Ordinary
Shares held by non-affiliates in any 12-month period, so long as the aggregate market value of our common shares held by non-affiliates
is less than US$75.0 million We have not offered any securities pursuant to General Instruction I.B.5 of Form F-3 during the prior
12 calendar month period that ends on and includes the date of this Prospectus Supplement.

Our common shares are listed for trading on the
Nasdaq under the stock symbol “FMST” and listed for trading on the Canadian Securities Exchange (the
“CSE”) under the stock symbol “FAT”. Certain of our warrants are trading on Nasdaq under the trading
symbol “FMSTW”. On August 4, 2025, the last reported sale price of our common shares was US$2.87 on Nasdaq and $3.39 on the CSE,respectively.

Sales of our common shares, if any, under this Prospectus
Supplement and accompanying Prospectus may be made by any method permitted by law, including negotiated transactions, which may include
block trades, or transactions that are deemed to be an “at the market offering” as defined in Rule 415(a)(4) promulgated under
the Securities Act of 1933, as amended (the “Securities Act”). Subject to terms of the Equity Distribution Agreement,
Canaccord is not required to sell any specific number or dollar amount of common shares but will act as our manager, using commercially
reasonable efforts to sell on our behalf all of the common shares requested to be sold by us consistent with its normal trading and sales
practices, on terms mutually agreed between Canaccord and us. There is no arrangement for