Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 25

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 25
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 into or exercisable or exchangeable for common shares;                                            |

| · | file or caused to be filed any registration statement with SEC relating to the offering of any common shares 
 or any securities convertible into or exercisable or exchangeable for common shares;                         |

| · | complete any offering of our debt securities, other than entering into a line of credit with a traditional 
 bank; or                                                                                                   |

| · | enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic                             
 consequences of ownership of our common shares, whether any such transaction is to be settled by delivery of common shares or such other 
 securities, in cash or otherwise.                                                                                                        |

Electronic Offer, Sale and Distribution of Securities

A prospectus in electronic format may be made available
on the websites maintained by the underwriters or selling group members. The underwriters may agree to allocate a number of securities
to selling group members for sale to its online brokerage account holders. Internet distributions will be allocated by the underwriters
and selling group members that will make internet distributions on the same basis as other allocations. Other than the prospectus in electronic
format, the information on these websites is not part of, nor incorporated by reference into, this prospectus or the registration statement
of which this prospectus forms a part, has not been approved or endorsed by us, and should not be relied upon by investors.

Stabilization

In connection with this offering, the underwriters
may engage in stabilizing transactions, over-allotment transactions, syndicate-covering transactions, penalty bids and purchases to cover
positions created by short sales.

Stabilizing transactions permit bids to purchase
shares so long as the stabilizing bids do not exceed a specified maximum, and are engaged in for the purpose of preventing or retarding
a decline in the market price of the shares while this offering is in progress.

Over-allotment transactions involve sales by the
underwriters of common shares in excess of the number of securities the underwriters are obligated to purchase. This creates a syndicate
short position which may be either a covered short position or a naked short position. In a covered short position, the number of securities
over-allotted by the underwriters are not greater than the number of securities that they may purchase in the over-allotment option. In
a naked short position, the number of securities involved is greater than the number of securities in the over-allotment option. The underwriters
may close out