Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 14

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 14
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 20-F for the fiscal year ended March 31, 2025 and the other information contained in this Prospectus, and the documents incorporated
by reference thereinbefore purchasing any of our Securities.

<div align='center'>15</div>

Risks Related to the Offering

We do not expect to declare or pay dividends in the foreseeable future.

We do not expect to declare or pay dividends in the
foreseeable future as we anticipate that all cash will be used to grow our business. Therefore, holders of our common shares will not
receive any return on their investment unless they sell their securities, and holders may be unable to sell their securities on favorable
terms or at all.

If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our common shares could be negatively affected.

Any trading market for our common shares may be influenced
in part by any research reports that securities industry analysts publish about us. We do not currently have and may never obtain research
coverage by securities industry analysts. If no securities industry analysts commence coverage of us, the market price and market trading
volume of our common shares could be negatively affected. In the event we are covered by analysts, and one or more of such analysts downgrade
our shares, or otherwise reports on us unfavorably, or discontinues coverage of us, the market price and market trading volume of our
common shares could be negatively affected.

The sale of shares by our directors and senior officers may adversely affect the market price for our shares.

Sales of significant amounts of common shares held
by our senior officers and directors, or the prospect of these sales, could adversely affect the market price of our common shares. Management’s
stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of us, which
in turn could reduce our stock price or prevent our shareholders from realizing a premium over our stock price.

Our common shares and Common Share Purchase Warrants may be traded infrequently and in low volumes, which may negatively affect the ability to sell shares or warrants.

Our common shares and Common Share Purchase Warrants
may trade infrequently and in low volumes, meaning that the number of persons interested in purchasing our common shares or Common Share
Purchase Warrants at or near bid prices at any given time may be relatively small or non-existent. This situation may be attributable
to a number of factors, including the fact that we are a small company that is relatively unknown to stock analysts