Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 61

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 61
---
 funds to be received in any escrow, trust or
similar arrangement.

Canaccord will be entitled to compensation at a commission rate up to 3.0% of the gross sales price per
share sold under the Equity Distribution Agreement. See “Plan of Distribution” beginning on page S-9 of this prospectus supplement
for additional information regarding the compensation to be paid to Canaccord. In connection with the sale of our common shares on our
behalf, Canaccord will be deemed to be an “underwriter” within the meaning of the Securities Act and the compensation of Canaccord
will be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to Canaccord
with respect to certain liabilities, including liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended.

Investing in our securities involves a high degree of risk, including the risk of losing your entire investment.
See the section titled “Risk Factors” beginning on page S-7 to read about factors
you should consider before buying our securities.

Neither the SEC nor any state or
provincial securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful
or complete. Any representation to the contrary is a criminal offense.**

<div align='center'>Canaccord Genuity

The date of this prospectus supplement is August 5, 2025.</div>

### TABLE OF CONTENTS

### PROSPECTUS SUPPLEMENT

#### Page
| ABOUT THIS PROSPECTUS SUPPLEMENT                                                    | S-1  |
| PROSPECTUS SUMMARY                                                                  | S-2  |
| THE OFFERING                                                                        | S-4  |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS                                | S-5  |
| STATUS AS AN EMERGING GROWTH COMPANY                                                | S-6  |
| STATUS AS A FOREIGN PRIVATE ISSUER                                                  | S-6  |
| DOCUMENTS INCORPORATED BY REFERENCE                                                 | S-7  |
| RISK FACTORS                                                                        | S-7  |
| MATERIAL CHANGES                                                                    | S-8  |
| CAPITALIZATION AND INDEBTEDNESS                                                     | S-9  |
| PLAN OF DISTRIBUTION                                                                | S-9  |
| TRADING                                                                             | S-10 |
| DILUTION                                                                            | S-10 |
| EXPENSES OF ISSUANCE AND DISTRIBUTION                                               | S-11 |
|