Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 152

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 7
Chunk 152
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

7. A. Major shareholders

For information regarding major shareholders, see “ Item 6. E. - Share Ownership.”

7. B. Related Party Transactions

RELATED PARTY TRANSACTIONS

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of executive and non-executive members of the Company’s Board of Directors and corporate officers and companies controlled by them. The remuneration of directors and other members of key management personnel during the years ended March 31, 2025, and 2024 was as follows:

120

                                                     Management fees                   Director                                                         
                                                                                                                                                        
                                                                                       fees                                                             
  Year ended March 31, 2025 – Paid or accrued:                                                                                                          
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Chief Executive Officer, Jason Barnard             $                    319,615      $             -             20,530        90,523        430,668  
  Chief Operating Officer, Christina Barnard                              237,845                    -              9,871      *206,912        454,628  
  Chief Financial Officer, Dong Shim                                      56,250                     -             42,048             -         98,298  
  Former Chief Financial Officer, Sead Hamzagic                           29,250                     -                  -             -         29,250  
  Director, Andrew Lyons                                                  -                          30,000        23,347        29,350         82,697  
  Director, David Cates                                                   -                          15,755        14,328         5,434         35,517  
  Director, Amanda Willett                                                -                          9,739         10,200         9,578         29,517  
  Director, Douglas Mason                                                 -                          50,000        33,353        41,927        125,280  
  Former Directors                                                        -                          60,096        46,694        50,735        157,525  
                                                     $                    642,960      $             165,590      200,371       434,459      1,443,380  

*Included one-time bonus for NASDAQ listing of $160,000 worth