Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 34

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 34
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 any other governmental authority in the
United Arab Emirates, nor have we received authorization or licensing from the Central Bank of the United Arab Emirates or any other governmental
authority in the United Arab Emirates to market or sell the securities within the United Arab Emirates. This document does not constitute
and may not be used for the purpose of an offer or invitation. No services relating to the securities, including the receipt of applications
and/or the allotment or redemption of such shares, may be rendered within the United Arab Emirates by us.

No offer or invitation to subscribe for securities
is valid or permitted in the Dubai International Financial Centre.

Canada

The securities may be sold in Canada only to purchasers,
purchasing, or deemed to be purchasing, as principal, that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or are otherwise qualified under an applicable prospectus exemption available under applicable Canadian securities laws.
Any resale of the securities must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements
of applicable Canadian securities laws. Canadian purchasers should refer to any applicable provisions of the securities legislation of
their province or territory for particulars of these rights or consult with a legal advisor.

### DESCRIPTION
OF COMMON SHARES

Our authorized share structure consists of an unlimited
number of Common Shares without par value, of which 5,616,782 Common Shares were issued and outstanding as of February 20, 2024. All of
the issued Common Shares are fully paid and non-assessable common shares in the capital of the Company. The Company does not own any of
its Common Shares.

Holders of Common Shares are entitled to receive
notice of any meeting of shareholders of the Company, to attend and to cast one vote per share at such meetings. Holders of Common Shares
are also entitled to receive on a pro rata basis such dividends, if any, as and when declared by our Board at its discretion from funds
legally available therefor and upon the liquidation, dissolution, or winding up of the Company are entitled to receive on a pro rata basis,
the net assets of the Company after payment of debts and other liabilities, in each case subject to the rights, privileges, restrictions,
and conditions attaching to any other series or class of shares ranking senior in priority. Common Shares do not carry any pre-emptive,
subscription, redemption, conversion rights, sinking fund provisions, liability to further capital calls by the Company, or provisions
discrim