Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 39

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 39
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 shares, the holder of a
Common Share Purchase Warrant does not have the rights or privileges of a holder of our common shares, including any voting rights, until
the holder exercises the Common Share Purchase Warrant.

### TRADING
The Company’s 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 Company warrants are listed and posted for
trading on Nasdaq under the symbol “FMSTW”.

### DILUTION
Purchasers of Securities in an offering may
suffer immediate and substantial dilution in the net tangible book value per share of Common Shares. Dilution in net tangible book value
per share represents the difference between the amount per Share paid by purchasers in an offering and the net tangible book value per
share of Common Shares immediately after an offering.

### EXPENSES OF
ISSUANCE AND DISTRIBUTION

Set forth below is an itemization of our total expenses,
excluding underwriting discounts and non-accountable expense allowance, which were incurred in connection with the offer and sale of the
common shares by us. With the exception of the SEC registration fee, the FINRA filing fee and the Nasdaq listing fee, all amounts are
estimates.

|                                  |     | Amount |         |
| SEC registration fee             |     | US$    |   1,601 |
| FINRA filing fee                 |     |        |   3,088 |
| Nasdaq listing fee               |     |        |  50,000 |
| Accounting fees and expenses     |     |        |  70,000 |
| Legal fees and expenses          |     |        | 665,000 |
| Transfer agent fees and expenses |     |        |   5,000 |
| Printing fees and expenses       |     |        |  25,000 |
| Miscellaneous                    |     |        |  10,000 |
| TOTAL                            |     | US$    | 829,689 |

### DISCLOSURE
OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing provisions,
the Company has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
Act and is therefore unenforceable.

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