Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 241

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 241
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 views on estimated losses in consultation with outside counsel handling our defense in these matters, which involves an analysis of potential results, assuming a combination of litigation and settlement strategies. Should developments in any of these matters cause a change in our determination as to an unfavorable outcome and result in the need to recognize a material accrual or should any of these matters result in a final adverse judgment or be settled for significant amounts, they could have a material adverse effect on our results of operations, cash flows and financial position in the period or periods in which such change in determination, judgment or settlement occurs.

  19.      SUBSEQUENT EVENTS  
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Subsequent to year endedMarch 31, 2025the Company:

i) issued31,250common shares to a non-related consulting firm for services. The common shares were subsequently returned and cancelled.

ii) initiated a warrant incentive program, reducing the exercise price of487,848warrants from $4.00to $1.75until June 5, 2025. As an incentive, upon exercise, the holder will receive an incentive warrant exercisable at $2.20for oneyear from the date of issuance. 480,494warrants were exercised subsequent to year end leaving7,354of the original warrants exercisable at $4.00through March 13, 2026. The following replacement warrants were issued.

  Expiry Date       Exercise Price               
  May 6, 2026                $2.20       48,784  
  May 22, 2026               $2.20       40,883  
  May 23, 2026               $2.20       19,971  
  June 4, 2026               $2.20       47,911  
 ─────────────────────────────────────────────────
  May 20, 2026               $2.20      170,000  
  May 26, 2026               $2.20        2,945  
  May 27, 2026               $2.20      150,000  
  Total                                 480,494  

F-50