Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 61

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 61
---
practices, on terms mutually agreed between Canaccord and us. There is no arrangement for 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-[●] 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 [●] 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 , 2025.</div>

### TABLE OF CONTENTS

### PROSPECUS SUPPLEMENT

#### Page
| ABOUT THIS PROSPECTUS SUPPLEMENT                                                    | S-1  |
| PROSPECTUS SUMMARY                                                                  | S-2  |
| THE OFFERING                                                                        | S-4  |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS                                | S5   |
| 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 |
| EXP