Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 14

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 14
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2025; |

| v) | a cash payment of $150,000 on or before  June 28, 2026; |

| vi) | a cash payment of $150,000 on or before  June 28, 2027; and |

| b) | the issuance of $750,000 in shares of the Company as follows: |

| i) | the issuance of $100,000 in common shares on or before  June 23, 2022 (issued 10,526 shares); |

| ii) | the issuance of $100,000 in common shares on or before  June 9, 2023 (issued 13,072 shares); |

| iii) | the issuance of $100,000 in common shares on or before  June 28, 2024; (issued 28,818 shares); |

| iv) | the issuance of $150,000 in common shares on or before  June 28, 2025; |

| v) | the issuance of $150,000 in common shares on or before  June 28, 2026; |

| vi) | the issuance of $150,000 in common shares on or before  June 28, 2027; and |

| c) | Incurring exploration expenditures totaling $3,000,000 due on or before  June 9, 2027 (incurred cumulative exploration expenditures of $881,337 through  December 31, 2024. |

Provided that the First Option has been exercised, the Company maypurchase from Strider one half (%) of the NSR for a cash payment of $ (the “Second Option”) at any time prior to commencement of commercial production.

Lac Simard South Property

During the year ended March 31, 2024,the Company entered into an agreement, and earned a % interest in, the Lac Simard South property located in Quebec by paying $ (paid) and issuing common shares (issued and valued at $).

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FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Notes to the Condensed Interim Consolidated Financial Statements

December 31, 2024

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

| 4. | EXPLORATION AND EVALUATION ASSETS (Contin