Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 25

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 25
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  April 1, 2025 and 7,862 vested immediately upon the resignation of a director. |

| ● | 89,674 RSUs vest equally over a three-year period starting on  April 1, 2025. |

| ● | 5,362 RSUs vest on  November 15, 2025. |

During the three-month and nine-month period ended December 31, 2024,the Company recorded $ (three-month and nine-month period ended December 31, 2023 -$Nil) in share-based payments relating to the portion of the RSUs vesting through the period.

Restricted share unit transactions for the nine-month period ended December 31, 2024,are summarized as follows:

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FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Notes to the Condensed Interim Consolidated Financial Statements

December 31, 2024

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

| 7. | CAPITAL STOCK AND RESERVES (Continued) |

Warrants:

A continuity of the warrants for the nine-month period ended December 31, 2024,are summarized as follows:

| Expiry Date                             
 August 24, 2028                         |     | Exercise 
 Price    | USD 6.25 |     | Balance   
 March 31, 
 2024      |   800,000 |     | Granted |         - |     | Exercised | - |     | Forfeited / 
 Expired     | - |     | Balance      
 December 31, 
 2024         |   800,000 |
|:----------------------------------------|:----|:---------|---------:|:----|:----------|----------:|:----|:--------|----------:|:----|:----------|:--|:----|:------------|:--|:----|:-------------|----------:|
| March 13, 2026                          |     | $        |     4.00 |     |           |   341,592 |     |         |         - |     |           | - |     |             | - |     |              |   341,592 |
| April 29, 2026                          |     | $        |     4.00 |     |           |         - |     |         |