Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 114

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 5
Chunk 114
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 - $290,042) decreased by $39,726 which was primarily related to fees associated with the additional NASDAQ listing in the comparative year.  

  Travel of $25,209 (2024 - $70,379) decreased by $45,170 due to a decrease in trade shows, conferences and property site visits.  

Other gains and losses changed by $2,174,692:

  Finance income on sublease of $Nil (2024 - $1,314) decreased by $1,314 due to the sublease ending in December 2023.  
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  Foreign exchange loss of $43,504 (2024 - $35,996) increased by $7,508 and related to the fluctuations in the U. S. dollar as compared to the Canadian dollar at each reporting date.  

  Gain on derivative liabilities of $498,534 (2024 - $166,651) increased by $331,883 due to the warrants being priced in U. S. dollars which are classified as derivative liabilities as the Compan...  

  Gain on forgiveness of debt of $106,624 (2024 - $10,000) increased by $96,624 due to a write-off of accrued liabilities and settlement of accounts payable during the year.  

  Gain on sublease of $Nil (2024 - $2,962) decreased by $2,963 due to the sublease ending in December 2023.  
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  Gain on long-term investment of $Nil (2024 - $671) decreased by $671 due to the sale and disposition in the Company’s share investment in Alchemist Mining Inc. during the year ended March 31, 2...  

  Interest expense of $97,359 (2024 - $126,606) decreased by $29,247 and is directly attributable to the outstanding loan balance with related parties to fund the Company.  

  Recovery of flow-through premium liability of $120,902 (2024 - $8,477) increased by $112,425 due to issuance of flow through shares where the required exploration expenditures are made therefor...  

  Write-off of prepaid expenses of $Nil (2024 - $1,000) decreased by $1,000 due to expenses paid in advance and not recoverable during the year ended March 31, 2024