Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 70

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 70
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-swing”
profit recovery provisions of Section 16 of the Exchange Act and the rules under the Exchange Act with respect to their purchases
and sales of our shares. Moreover, we are not required to file periodic reports and financial statements with the SEC as frequently or
as promptly as United States companies whose securities are registered under the Exchange Act. In addition, we are not required to comply
with Regulation FD, which restricts the selective disclosure of material information. For as long as we are a “foreign private issuer”
we intend to file our annual financial statements on Form 20-F and furnish our quarterly financial statements on Form 6-K to
the SEC for so long as we are subject to the reporting requirements of Section 13(g) or 15(d) of the Exchange Act. However, the information
we file or furnish may not be the same as the information that is required in annual and quarterly reports on Form 10-K or Form 10-Q
for United States domestic issuers. Accordingly, there may be less information publicly available concerning us than there is for a company
that files as a domestic issuer.

We may take advantage of these exemptions until such
time as we are no longer a foreign private issuer. We are required to determine our status as a foreign private issuer on an annual basis
at the end of our second fiscal quarter. We would cease to be a foreign private issuer at such time as more than 50% of our outstanding
voting securities are held by United States residents and any of the following three circumstances applies: (1) the majority of our
executive officers or directors are United States citizens or residents; (2) more than 50% of our assets are located in the United
States; or (3) our business is administered principally in the United States. If we lose our “foreign private issuer status”
we would be required to comply with Exchange Act reporting and other requirements applicable to United States domestic issuers, which
are more detailed and extensive than the requirement for foreign private issuers.

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### DOCUMENTS INCORPORATED BY REFERENCE
Information has been incorporated by reference in this Prospectus Supplement from documents filed with, or furnished to, the SEC. Copies of the documents incorporated herein
by reference may be obtained on written or oral request without charge from Foremost Clean Energy Ltd., at 750 West Pender Street, Suite 250
Vancouver, British Columbia Canada V7Y 1K3 Canada, telephone: (604)