Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 14

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 14
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attestation report on management’s assessment of internal controls over financial reporting in its annual reports filed under the
Exchange Act, even if we were to qualify as an “accelerated filer” or a “large accelerated filer”. In addition,
Section 103(a)(3) of the Sarbanes-Oxley Act of 2002 has been amended by the JOBS Act to provide that, among other things, auditors
of an emerging growth company are exempt from any rules of the Public Company Accounting Oversight Board requiring a supplement to the
auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements
of the company.

### STATUS AS A FOREIGN PRIVATE ISSUER
We are considered a “foreign private issuer”
pursuant to Rule 405 promulgated under the Securities Act. In our capacity as a foreign private issuer, we are exempt from certain rules
under the Exchange Act that impose certain disclosure obligations and procedural requirements for proxy solicitations under Section 14
of the Exchange Act. In addition, our officers, directors and principal shareholders are exempt from the reporting and “short-swing”
profit recovery provisions of Section 16 of the Exchange Act and the rules under the Exchange Act with respect to their purchases
and sales of our shares. Moreover, we are not required to file periodic reports and financial statements with the SEC as frequently or
as promptly as United States companies whose securities are registered under the Exchange Act. In addition, we are not required to comply
with Regulation FD, which restricts the selective disclosure of material information. For as long as we are a “foreign private issuer”
we intend to file our annual financial statements on Form 20-F and furnish our quarterly financial statements on Form 6-K to
the SEC for so long as we are subject to the reporting requirements of Section 13(g) or 15(d) of the Exchange Act. However, the information
we file or furnish may not be the same as the information that is required in annual and quarterly reports on Form 10-K or Form 10-Q
for United States domestic issuers. Accordingly, there may be less information publicly available concerning us than there is for a company
that files as a domestic issuer.

We may take advantage of these exemptions until such
time as we are no longer a foreign private issuer. We are required to determine our status as a foreign private issuer on an annual basis
at the end of our second fiscal quarter. We would cease to