Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 24

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 24
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 · | any other specific terms, preferences or rights of, or limitations or restrictions on, the Preferred Shares. |

The applicable Prospectus Supplement will also contain
a discussion of any material Canadian income tax and United state income tax considerations relevant to the purchase and ownership of
the Preferred Shares offered by the Prospectus Supplement.

### DESCRIPTION OF WARRANTS

#### General
This section describes the general terms that will
apply to any Warrants for the purchase of Equity Securities (“Equity Warrants”) or for the purchase of Debt Securities
(“Debt Warrants”).

Warrants may be issued independently or together with
other securities, and Warrants sold with other securities may be attached to or separate from the other securities. Warrants may be issued
under one or more warrant agency agreements to be entered into by us and with one or more financial institutions or trust companies acting
as warrant agent. The applicable Prospectus Supplement relating to any Warrants that we offer will describe the particular terms of those
Warrants and include specific terms relating to the offering.

The statements made in this Prospectus relating to
any warrant agreement and Warrants to be issued under this Prospectus are summaries of certain anticipated provisions thereof and do not
purport to be complete and are subject to, and are qualified in their entirety by reference to, all provisions of the applicable warrant
agreement. Prospective investors should refer to the warrant indenture or warrant agency agreement relating to the specific Warrants being
offered for the complete terms of the Warrants. A copy of any warrant indenture or warrant agency agreement or form of warrant certificate
relating to an offering or Warrants will be filed by us with SEC, and will be available electronically at www.sec.gov/edgar.

In an offering of Warrants, or other convertible securities,
original purchasers are cautioned that the statutory right of action for damages for a misrepresentation contained in the Prospectus is
limited, in certain provincial and territorial securities legislation, to the price at which the Warrants, or other convertible securities,
are offered to the public under the Prospectus offering. This means that, under the securities legislation of certain provinces, if the
purchaser pays additional amounts upon conversion, exchange or exercise of such securities, those amounts may not be recoverable under
the statutory right of action for damages that applies in those provinces. The purchaser should refer to any applicable provisions of
the securities legislation of the purchaser’s province for the particulars of these rights, or consult with a legal advisor.

####