Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 233

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 233
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and9. Noother fee was paid or accrued to Denison during the year ended March 31, 2025.

The amounts due to/from related parties included in accounts receivable, and accounts payable and accrued liabilities, are unsecured, non-interest bearing, and havenospecific terms of repayment, and are as follows:

                                                                               March 31, 2025      March 31,              
                                                                                                                          
                                                                                                   2024                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current and former directors, officers and companies controlled by them            $135,411      $              86,980  
  Due from Rio Grande, a company related by virtue of a common officer                $68,825      $              -       

  11.      SEGMENTED INFORMATION  
 ──────────────────────────────────

The Company primarily operates in onereportable operating segment, being the acquisition and exploration of exploration and evaluation assets. Geographic information is as follows:

                                          March 31, 2025                      March 31,                  
                                                                                                         
                                                                              2024                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
  Exploration and evaluation assets:                                                                     
  Canada                                  $                   21,324,785      $              13,336,387  
  United States                                               -                               1,758,026  
                                          $                   21,324,785      $              15,094,413  

  12.      FINANCIAL RISK MANAGEMENT  
 ──────────────────────────────────────

Capital management

The Company’s objective when managing capital is to safeguard the entity’s ability to continue as a going concern. In the management of capital, the Company monitors its adjusted capital which comprises all components of equity (i. e., capital stock, reserves and deficit).

The Company sets the amount of capital in proportion to risk. The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company mayissue common shares through private placements. The Company is notexposed to any externally imposed capital requirements. The Company’s overall strategy remains unchanged from the year ended March 31, 2024.

Fair value

Fair value estimates of financial instruments are made at a specific point in time, based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and