Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 160

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 10
Chunk 160
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 by filing a tax return in accordance with the Canadian Tax Act. Non-Canadian Holders whose common shares may be taxable Canadian property should consult their own tax advisors regarding the tax and compliance considerations that may be relevant to them.

125

U. S. Federal Income Taxation Considerations

The following is a general summary of certain material U. S. federal income tax considerations applicable to a U. S. Holder (as defined below) arising from and relating to the ownership and disposition of common shares. This summary is for general information purposes only and does not purport to be a complete analysis or listing of all potential U. S. federal income tax considerations that may apply to a U. S. Holder arising from or relating to the ownership and disposition of common shares. In addition, this summary does not take into account the individual facts and circumstances of any particular U. S. Holder that may affect the U. S. federal income tax consequences to such U. S. Holder, including, without limitation, specific tax consequences to a U. S. Holder under an applicable income tax treaty. Accordingly, this summary is not intended to be, and should not be construed as, legal or U. S. federal income tax advice with respect to any U. S. Holder. This summary does not address the U. S. federal alternative minimum, U. S. federal net investment income, U. S. federal estate and gift, U. S. state and local, and non-U. S. tax consequences to U. S. Holders of the ownership and disposition of common shares. In addition, except as specifically set forth below, this summary does not discuss applicable income tax reporting requirements. Each prospective U. S. Holder should consult its own tax advisors regarding the U. S. federal, U. S. federal alternative minimum, U. S. federal net investment income, U. S. federal estate and gift, U. S. state and local, and non-U. S. tax consequences relating to the ownership and disposition of common shares.

No legal opinion from U. S. legal counsel or ruling from the Internal Revenue Service (the “ IRS”) has been requested, or will be obtained, regarding the U. S. federal income tax consequences of the ownership and disposition of common shares. This summary is not binding on the IRS, and the IRS is not precluded from taking a position that is different from, or contrary to, the positions taken in this summary. In addition, because the authorities on which this summary is