Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 15

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 15
---
 issuer. We are required to determine our status as a foreign private issuer on an annual basis
at the end of our second fiscal quarter. We would cease to be a foreign private issuer at such time as more than 50% of our outstanding
voting securities are held by United States residents and any of the following three circumstances applies: (1) the majority of our
executive officers or directors are United States citizens or residents; (2) more than 50% of our assets are located in the United
States; or (3) our business is administered principally in the United States. If we lose our “foreign private issuer status”
we would be required to comply with Exchange Act reporting and other requirements applicable to United States domestic issuers, which
are more detailed and extensive than the requirement for foreign private issuers.

| 5 |

### DOCUMENTS INCORPORATED BY REFERENCE
Information has been incorporated by reference in this Prospectus from documents filed with, or furnished to, the SEC. Copies of the documents incorporated herein by reference
may be obtained on written or oral request without charge from Foremost Clean Energy Ltd., at 750 West Pender Street, Suite 250 Vancouver,
British Columbia Canada V7Y 1K3 Canada, telephone: (604) 330-8067 or by accessing the disclosure documents through the internet on the
SEC’s Electronic Data Gathering, Analysis, and Retrieval System at www.sec.gov/edgar.

The following documents, filed with the SEC, are specifically
incorporated by reference into, and form an integral part of, this Prospectus:

| b) | the description of our Common Shares contained in our Registration Statement on Form F-1 (File No. 333-272028), 
 filed with the SEC on May 18, 2023.                                                                             |

**In addition, this Prospectus shall also be deemed
to incorporate by reference all subsequent annual reports filed on Form 20-F, Form 40-F or Form 10-K, and all subsequent
filings on Forms 10-Q and 8-K (as applicable) filed by us pursuant to the Exchange Act prior to the termination of the offering made
by this Prospectus. We may incorporate by reference into this Prospectus any Form 6-K that is furnished to the SEC after the date
of the filing of the registration statement of which this Prospectus forms a part and before the date of termination of this offering.
Any such Form 6-K that we intend to so