Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 121

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 5
Chunk 121
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247,471 flow-through units consisting of one flow-through common share and one non-flow-through common share purchase warrant at $5.88 per unit f...  
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  issued 28,818 common shares at a value of $100,000 as part of the annual payment due under the Peg North Property option agreement.                                                                   
  issued 12,106 common shares at a value of $50,000 as part of the acquisition payments for the Jean Lake option agreement.                                                                             
  issued 1,369,810 common shares at a value of $5,205,278 as part of the acquisition payments due under the Athabasca Property option agreement.                                                        
  issued 425,682 common shares at a value of $1,511,171 for finder’s and advisory fees for the acquisition of Athabasca Property.                                                                       
  closed a brokered private placement issuing 1,473,000 units consisting of one common share and one common share purchase warrant at $3.00 per unit for gross proceeds of $4,419,000. The Company ...  

99

CONTRACTUAL OBLIGATIONS

Other than described in “ Capital Resources” and certain stock option and consulting agreements, the Company does not presently have any other material contractual obligations other than those outlined in “ Transactions with Related Parties”.

OFF-BALANCE SHEET ARRANGEMENTS

The Company does not utilize off-balance sheet arrangements.

RELATED PARTY TRANSACTIONS

Key management personnel include those people who have 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:

                                                     Management fees                   Director                                                         
                                                                                                                                                        
                                                                                       fees                                                             
  Year ended March 31, 2025 – Paid or accrued:                                                                                                          
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  Chief Executive Officer, Jason Barnard             $                    319,615      $             -             20,530        90,523        430,668  
  Chief Operating Officer, Christina Barnard