Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 12

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 12
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ations, estimates and intentions. These forward-looking statements
may be identified by the use of terms and phrases such as “may”, “would”, “should”, “could”,
“expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”,
“believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions,
although not all forward-looking statements contain these terms and phrases. Forward-looking statements are provided for the purposes
of assisting the reader in understanding us, our business, operations, prospects and risks at a point in time in the context of historical
and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes.

Forward-looking statements relating to us include,
among other things, statements or assumptions relating to:

| · | our goals and strategies; |

| · | expectations regarding revenue, expenses and operations; |

| · | our having sufficient working capital and be able to secure additional funding necessary for the continued exploration of our property 
 interests;                                                                                                                             |

| · | expectations regarding the potential mineralization, geological merit and economic feasibility of our projects; |

| · | expectations regarding exploration results at the Lithium Lane Properties and the Athabasca Uranium Properties; |

| · | mineral exploration and exploration program cost estimates; |

| · | expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of 
 complying with existing and proposed environmental laws and regulations;                                                           |

| · | receipt and timing of exploration permits and other third-party approvals; |

| · | government regulation of mineral exploration and development operations; |

| · | expectations regarding any social or local community issues that may affect planned or future exploration and development programs; |

| · | key personnel continuing their employment with us; and |

| · | our geographically diverse management. |

Although the forward-looking statements contained
in this Prospectus and the documents incorporated by reference herein are based upon what we believe are reasonable assumptions, investors
are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking statements. Certain
assumptions were made in preparing the forward-looking statements concerning availability of capital resources, business performance,
market conditions and customer demand.

Consequently, all of the forward-looking statements
contained herein or incorporated by reference are qualified by the foregoing cautionary statements, and there can be no guarantee that
the results or developments that we anticipate will be realized or, even if substantially realized, that they