Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 2

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 2
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 Post-Effective Amendment No. 2 to the Registration Statement on Form F-1 is
being filed by the Company to (i) to include the Company’s consolidated financial statements for the periods required by Item
8.A of Form 20-F and (ii) to make certain other updates. The information included in this Post-Effective Amendment No. 2 updates the
Registration Statement and the prospectus contained therein. No additional securities are being registered under this Post-Effective
Amendment No. 2. All applicable registration fees were paid at the time of the original filing of the Registration Statement.

The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the United States Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

<div align='center'>SUBJECT TO COMPLETION, DATED July 7, 2025</div>

PRELIMINARY PROSPECTUS

800,000 Common Share Units, Each Consisting of a Common Share and a Common Share Purchase Warrant

<div align='center'>Foremost Clean Energy Ltd.</div>

This is a firm commitment public offering of common
shares of Foremost Lithium Resource & Technology Ltd. We are offering 800,000 common shares, and warrants (the “Common Share
Purchase Warrants”) to purchase 800,000 common shares pursuant to this prospectus. Each whole Common Share Purchase Warrant is exercisable
to purchase one common share at an exercise price of US$6.25, representing 125% of the public offering price of one common share unit,
will be exercisable upon issuance and will expire five years from the date of issuance. The common shares and Common Share Purchase Warrants
will be issued and sold to purchasers in the ratio of one-to-one. This prospectus also relates to the offering of the common shares issuable
upon exercise of Common Share Purchase Warrants.

We are also offering to certain purchasers whose
purchase of common shares in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties,
beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common shares immediately following
the consummation of this offering, the opportunity to purchase, if any such purchaser so chooses, pre