Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 59

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 59
---
, report or valuation, received after such time or will
receive any registered or beneficial interest, direct or indirect, in any securities or other property of our Company or one of our associates
or affiliates otherwise than by remuneration as employees or consultants of our business, none of which is contingent on the success of
an offering of the Securities.

| 29 |

#### Foremost Clean Energy Ltd.

#### US$100,000,000
<div align='center'>**Common Shares
Preferred Shares
Debt Securities
Warrants
Units
Subscription Receipts

PROSPECTUS

, 2025**</div>

The information in this Prospectus Supplement is not complete and may be changed. We may not sell these securities until the registration statement filed with the United States Securities and Exchange Commission is effective. This Prospectus Supplement is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

#### Subject to Completion, dated July 25, 2025.

#### PROSPECTUS SUPPLEMENT

#### Up to US$15,000,000

#### Common Shares
**Foremost Clean Energy Ltd. (the “Company”,
“Foremost”, “we,” “us” and “our” ) has entered into an equity
distribution agreement, dated July 25, 2025 (the “Equity Distribution Agreement”) with Canaccord Genuity LLC (“Canaccord”)
relating to our common shares, no par value, that may be offered pursuant to this prospectus supplement (the “Prospectus Supplement”)
and the accompanying base prospectus (the “Prospectus”). In accordance with the terms of the Equity Distribution agreement,
we may offer and sell common shares having an aggregate offering price of up to US$15,000,000 from time to time through Canaccord Genuity
LLC, acting as our manager.

Pursuant to General Instruction I.B.5 of Form F-3,
in no event will we sell securities registered on this registration statement in a public primary offering with a value exceeding more
than one-third of our public float (i.e., the market value of our common shares held by non-affiliates) in any 12-month period so long
as our public float remains below $75.0 million. As of the date of this Prospectus Supplement, the aggregate market value of our
common shares held by non-affiliates, as calculated pursuant