Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 72

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 72
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 at a value of $100,000 as part of the annual payment due under the Peg North Property option agreement. |

| c) | issued 12,106 common shares at a value of $50,000 as a part of the acquisition payments for the Jean Lake option agreement. |

| d) | issued 1,795,492 common shares at a value of $6,716,449 pursuant to the acquisition of Athabasca Property. |

| e) | closed a brokered private placement issuing 1,473,000 units consisting of one common share and one common share purchase warrant at     
 $3.00 per unit for gross proceeds of $4,419,000, of which $368,250 was allocated to the warrant component of the unit and recorded in   
 reserves. Each warrant is exercisable by the holder to purchase an additional common share at a price of $4.00 until November 14, 2026. |

| f) | issued 1,022,500 flow-through units consisting of one flow-through common share and one flow-through common share purchase warrant    
 for $3.50 per unit for gross proceeds of $3,578,750. Each warrant is exercisable by the holder to purchase an additional common share 
 at a price of $4.00 until November 14, 2026.                                                                                          |

| g) | issued 550,000 charitable flow-through units consisting of one charitable flow-through common share and one non-flow-through common     
 share purchase warrant for $4.55 per unit for gross proceeds of $2,502,500, of which $137,500 was allocated to the warrant component of 
 the unit and recorded in reserves. Each warrant is exercisable by the holder to purchase an additional common share at a price of $4.00 
 until November 14, 2026.                                                                                                                |

| h) | issued 82,570 common shares pursuant to RSU settlement resulting in reallocation of share-based reserves of $224,591 from reserves 
 to share capital.                                                                                                                  |

During the year ended March 31, 2024, the Company:

| a) | closed Tranche 1 of 2 on a non-brokered private placement issuing 188,651 flow-through units consisting of one flow-through common         
 share and one non-flow-through share purchase warrant at $5.88 per unit for gross proceeds of $1,109,268 and 152,941 non-flow-through      
 units consisting of one non-flow-through