Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 58

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 58
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 ii. | a cash payment of $100,000 on or before June 28, 2023 (paid); |

| iii. | a cash payment of $100,000 on or before June 28, 2024 (paid); |

| iv. | a cash payment of $150,000 on or before June 28, 2025; |

| v. | a cash payment of $150,000 on or before June 28, 2026; |

| vi. | a cash payment of $150,000 on or before June 28 2027; and |

| b) | the issuance of $750,000 in shares of the Company as follows; |

| i. | the issuance of $100,000 in common shares on or before June 23, 2022 (issued 10,526 shares); |

| ii. | the issuance of $100,000 in common shares on or before June 9, 2023 (issued 13,072 shares); |

| iii. | the issuance of $100,000 in common shares on or before June 28, 2024 (issued 28,818 shares); |

| iv. | the issuance of $150,000 in common shares on or before June 28, 2025; |

| v. | the issuance of $150,000 in common shares on or before June 28, 2026; |

| vi. | the issuance of $150,000 in common shares on or before June 28, 2027; and |

| c) | incurring exploration expenditures totaling $3,000,000 ($881,337 incurred as of December 31, 2024) due on or before June 28, 2027. |

Provided that the First Option has been exercised, the Company may purchase from Strider one half (1%) of the NSR for a cash payment of $1.5 million (the “Second Option”) at any time prior to commencement of commercial production.

Non-Core Properties

Jol Property, Manitoba, Canada

On July 12, 2022, we completed the acquisition of 100% of the interest in and to those certain undersurface mineral rights certain comprising Manitoba Mineral Disposition No. MB3530 from Mae De Graf (the “MB3530 Property”) by paying $8,000 cash and with the issuance of 364 shares, valued at $2,454. The MB3530 Property is subject to a