Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 76

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 76
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 are made, in return for payment
of the net proceeds to us. Sales of our common shares as contemplated in this prospectus supplement will be settled through the facilities
of The Depository Trust Company or by such other means as we and Canaccord may agree upon. There is no arrangement for funds to be received
in an escrow, trust or similar arrangement.

| S-9 |

Canaccord will use commercially reasonable efforts,
consistent with its sales and trading practices, to solicit offers to purchase our common shares under the terms and subject to the conditions
set forth in the Equity Distribution Agreement. In connection with the sale of our common shares on our behalf, Canaccord may be deemed
to be an “underwriter” within the meaning of the Securities Act, and the compensation of Canaccord (and its partners, members,
directors, officers, employees and agents) may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification
and contribution to Canaccord against certain liabilities, including civil liabilities under the Exchange Act.

The offering of our common shares pursuant to the
Equity Distribution Agreement will terminate upon the termination of the Equity Distribution Agreement as permitted therein. Canaccord
and we each have the right, by giving written notice as specified in the Equity Distribution Agreement, to terminate the Equity Distribution
Agreement at any time upon ten days’ prior notice.

Canaccord and its respective affiliates may in the
future provide various investment banking, commercial banking and other financial services for us, our subsidiaries and our affiliates,
for which services they may in the future receive customary fees. To the extent required by Regulation M, Canaccord will not engage in
any market-making activities involving our common shares while the offering is ongoing under this prospectus supplement.

A prospectus supplement and the accompanying prospectus
in electronic format may be made available on a website maintained by Canaccord, and Canaccord may distribute the prospectus supplement
and the accompanying prospectus electronically.

### TRADING
Our common shares are listed for trading on Nasdaq
under the stock symbol “FMST” and listed for trading on the CSE under the stock symbol “FAT”.

Certain of our warrants are listed and posted for
trading on Nasdaq under the symbol “FMSTW”.

### DILUTION
If you invest in our common shares in this offering,
your interest will be diluted immediately to the extent of the difference between the between the price per share you pay in this offering