Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 118

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 5
Chunk 118
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3 - $75,446) increased by $214,596 which was primarily related to fees associated with additional NASDAQ listing.                                      
  Travel of $70,379 (2024 - $31,466) increased by $38,913 due to an increase in trade shows, conferences and property site visits.                                                                      

95

Other gains and losses changed by $4,466,624:

  Gain on derivative liabilities of $166,651 (2023 - $Nil) increased by $166,651 caused by the decrease of our share price from $5.65 at August 24, 2023 to $3.22 March 31, 2024. Warrants priced i...  
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  Finance income on sublease of $1,314 (2023 - $8,879) decreased by $7,565 due to the sublease ending in December 2023.                                                                                 
  Foreign exchange loss of $35,996 (2023 - $29,423) increased by $6,573 and related to the fluctuations in the U. S. dollar as compared to the Canadian dollar at each reporting date.                  
  Gain on forgiveness of debt of $10,000 (2023 - $184,813) decreased by $174,813 due to a $10,000 CEBA forgiveness in the current year on repayment compared to the write-off of old accounts payab...  
  Gain on sublease of $2,962 (2023 - $5,925) decreased by $2,963 due to the sublease ending in December 2023.                                                                                           
  Gain on sale of property of $Nil (2023 - $3,500,000) decreased by $3,500,000 due to a sale of the Company’s Hidden Lake Project during the prior year which resulted in a gain.                       
  Gain on long-term investment of $671 (2023 loss - $5,100) decreased by $5,771 due to the sale and disposition in the Company’s share investment in Alchemist Mining Inc.                              
  Interest expense of $126,606 (2023 - $104,031) increased by $22,575 and is directly attributable to the outstanding loan balance with related parties to fund the Company.                            
  Recovery of flow-through premium liability of $8,477 (2023 - $977,534) decreased