Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 7

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 7
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| DILUTION                                                                            | 17 |
| EXPENSES OF ISSUANCE AND DISTRIBUTION                                               | 17 |
| DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES | 17 |
| CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS                                  | 17 |
| CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS                                      | 21 |
| WHERE YOU CAN GET MORE INFORMATION                                                  | 29 |
| DOCUMENTS ON DISPLAY                                                                | 29 |
| EXPERTS                                                                             | 29 |
| LEGAL MATTERS                                                                       | 29 |
| INTEREST OF EXPERTS AND COUNSEL                                                     | 29 |

### ABOUT THIS PROSPECTUS
This Prospectus is part of a registration statement
on Form F-3 that we filed with the SEC. You should read this Prospectus, including the documents incorporated by reference, and the
related registration statement carefully. This Prospectus and registration statement contain important information you should consider
when making your investment decision.

You should rely only on the information that we have
provided in this Prospectus and any applicable Prospectus Supplement. We have not authorized anyone to provide you with different information.
No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this Prospectus,
including the documents incorporated by reference, and any applicable Prospectus Supplement. You must not rely on any unauthorized information
or representation. This Prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions
where it is lawful to do so. You should assume that the information in this Prospectus, including the documents incorporated by reference,
and any applicable Prospectus Supplement is accurate only as of the date on the front of the document, regardless of the time of delivery
of this Prospectus, any applicable Prospectus Supplement, or any sale of a Security.

Except as otherwise indicated, references in this
Prospectus to “Foremost,” “Company,” “we,” “us” and “our”
refer to Foremost Clean Energy Ltd. and its consolidated subsidiaries.

#### Enforceability of Civil Liabilities
We are incorporated under the laws of British Columbia.
Some of our directors and officers, and the experts named in this Prospectus, are residents of Canada or otherwise reside outside of the
United States, and all or a substantial portion of their assets, and all or a substantial portion of our