Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 73

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 73
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 common share and one non-flow-through share purchase warrant at $3.40 per unit for gross proceeds 
 of $520,000. The warrants are exercisable into common shares at a price of $4.00 until March 13, 2026. The Warrants will be subject to     
 an accelerated expiry, if, at any time following the date of issuance, the volume weighted average trading price of the Shares on the      
 Canadian Securities Exchange is or exceeds $6.00 for any 14 consecutive trading days.                                                      |

| b) | issued 10,700 common shares at a value of $85,600 as part of the acquisition payments for the Lac Simard South option agreement. |

| c) | issued 13,072 common shares at a value of $100,000 as part of the acquisition payments for the Peg North option agreement. |

| d) | issued 6,128 common shares at a value of $50,000 as part of the acquisition payments for the Jean Lake option agreement. |

| e) | issued 30,900 common shares at a value of $187,872 to a non-related consulting firm for services. |

| f) | issued 36,000 common shares upon exercise of options for gross proceeds of $131,400. |

During the year ended March 31, 2023, the Company:

| a) | issued 13,000 common shares upon exercise of options for gross proceeds of $77,750. |

| b) | issued 212,750 common shares upon exercise of warrants for gross proceeds of $1,059,017. |

| c) | issued 10,526 common shares at a value of $100,000 as part of the acquisition payments for the Peg North Option Agreement. |

| d) | issued 364 common shares at a value of $2,454 as part of the acquisition payments for the Jol Lithium Option Agreement. |

| e) | closed a non-brokered private placement of 97,753 flow-through common shares at $17.00 per common shares for gross proceeds of $1,661,807. 
 Cash finder’s fees of $99,624 were paid on the financings and the Company issued 5,765 share purchase finders warrants (valued at          
 $22,000). Each finders warrant entitles the holder to purchase one common share at a price of $10.00 for a two-year period.                |

| f) | issued 6,705