Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 22

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 22
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<div align='center'>Page 17| 28</div>

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) |

Stock options (Continued):

Stock option transactions for the year ended March 31, 2024,are summarized as follows:

| Expiry Date                             
 March 1, 2024                           |     | Exercise 
 Price    | 16.50 |     | Balance   
 March 31, 
 2023      |  15,000 |     | Granted |       - |     | Exercised |       - |   |     | Forfeited / 
 Expired     | (15,000 | ) |     | Balance   
 March 31, 
 2024      |       - |     | Exercisable |       - |
|:----------------------------------------|:----|:---------|------:|:----|:----------|--------:|:----|:--------|--------:|:----|:----------|--------:|:--|:----|:------------|--------:|:--|:----|:----------|--------:|:----|:------------|--------:|
| November 14, 2024                       |     | $        |  3.65 |     |           |       - |     |         |  36,000 |     |           | (36,000 | ) |     |             |       - |   |     |           |       - |     |             |       - |
| March 8, 2025                           |     | $        | 15.50 |     |           |   4,000 |     |         |       - |     |           |       - |   |     |             |       - |   |     |           |   4,000 |     |             |   4,000 |
| September 2, 2025                       |     | $        | 12.75 |     |           |  20,000 |     |         |       -