Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 12

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 12
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 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.

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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 be a foreign private issuer at such time as more than 50% of our outstanding
voting securities are held by United States residents and any of the following three circumstances applies: (1) the majority of our executive
officers or directors are United States citizens or residents; (2) more than 50% of our assets are located in the United States; or (3)
our business is administered principally in the United States. If we lose our “foreign private issuer status” we would be
required to comply with Exchange Act reporting and other requirements applicable to United States domestic issuers, which are more detailed
and extensive than the requirement for foreign private issuers.

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### THE OFFERING
| Shares offered                               |     | 800,000 common shares.                                                                                                                         |
| Pre-Funded Warrants offered by us            |     | 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 such purchasers so choose, Pre-Funded Warrants, in lieu of common shares that would otherwise        
 result in any such purchaser’s beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding           
 common shares. Each Pre-Funded Warrant are exercisable for one common share. The purchase price of each Pre-Funded Warrant equals the          
 price at which the common shares are being sold to the public