Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 45

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 45
---
 in any of the foregoing whether or not   
 the property exists.                                                                                                                    |

Notwithstanding the foregoing, in certain circumstances,
common shares could be deemed to be “taxable Canadian property.”

A Non-Canadian Holder’s capital gain (or capital
loss) of a disposition or deemed disposition of common shares, Common Share Purchase Warrants or Pre-Funded Warrants, that constitute
or are deemed to constitute taxable Canadian property (and are not “treaty-protected property” as defined in the Canadian
Tax Act) generally will be computed and taxed as though the Non-Canadian Holder were a resident of Canada for purposes of the Canadian
Tax Act. Such Non-Canadian Holder may be required to report the disposition or deemed disposition of common shares, Common Share Purchase
Warrants or Pre-Funded Warrants by filing a tax return in accordance with the Canadian Tax Act. Non-Canadian Holders whose common shares, Common Share Purchase Warrants or Pre-Funded Warrants may be taxable Canadian property should consult their own tax advisors regarding the tax and compliance considerations that may be relevant to them.

#### CERTAIN U.S.
FEDERAL INCOME TAX CONSIDERATIONS

In the opinion of Dorsey & Whitney LLP, which
is attached as Exhibit 8.1 to the Registration Statement of which this Prospectus forms a part, the following is a general summary of
certain material U.S. federal income tax considerations applicable to a U.S. Holder (as defined below) arising from and relating to the
acquisition, ownership and disposition of Common Share Units or Pre-Funded Warrant Units acquired pursuant to this offering, the acquisition,
ownership, and disposition of common shares acquired as part of the Common Share Units, the acquisition, ownership and disposition of
Pre-Funded Warrants acquired as part of the Pre-Funded Warrant Units, the exercise, disposition, and lapse of Common Share Purchase Warrants
acquired as part of the Common Share Units or the Pre-Funded Warrant Units, the acquisition, ownership, and disposition of common shares
received upon exercise of the Pre-Funded Warrants, and the acquisition, ownership and disposition of common shares received upon exercise
of the Common Share Purchase Warrants (as used in this summary, the “Warrant Shares”), all as acquired pursuant to this offering.
This summary is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S.
federal income tax considerations that may apply to a U.S. Holder arising