Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 3

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 3
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-funded warrants (the “Pre-Funded
Warrants”), in lieu of common shares that would otherwise result in such purchaser’s beneficial ownership exceeding 4.99%
(or, at the election of the purchaser, 9.99%) of our outstanding common shares. Each Pre-Funded Warrant will be exercisable for one common
share. The exercise price of each Pre-Funded Warrants will be US$0.01 per common share. The Pre-Funded Warrants will be immediately exercisable
and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. This offering also relates to the common
shares issuable upon exercise of any Pre-Funded Warrants sold in this offering.

The common shares and the accompanying Common Share
Purchase Warrants will be sold in units (each, a “Common Share Unit”) and the pre-funded warrants and the accompanying Common
Share Purchase Warrants will be sold in units (each, a “Pre-Funded Warrant Unit” and, together with the common share units,
the “Units”), with each Common Share Unit consisting of one common share and one Common Share Purchase Warrant to purchase
one common share and each Pre-Funded Warrant Unit consisting of one pre-funded warrant and one Common Share Purchase Warrant to purchase
one common share. For each Pre-Funded Warrant Unit we sell, the number of Common Share Units we are offering will be decreased on a one-for-one
basis. The common shares, Pre-Funded Warrants, and Common Share Purchase Warrants will be immediately separable on issuance.

The public offering price for the Common Share Units
offered pursuant to this prospectus is US$5.00 per Common Share Unit. The purchase price of each Pre-Funded Warrant Unit will be equal
to the price at which each Common Share Unit is sold to the public in this offering, minus US$0.01, and the exercise price of each Pre-Funded
Warrant will be US$0.01 per common share.

Our common shares are currently listed on The Nasdaq
Capital Market (“Nasdaq”) under the symbol “FMST” and our Common Share Purchase Warrants are listed on Nasdaq
under the symbol “FMSTW”. Our common shares are also currently listed for trading under the symbol “FAT” on the
Canadian Securities Exchange (the “CSE”). On July 2, 2025, the closing price of our common shares on Nasdaq was US$3