Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 76

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 76
---
 Commodity price risk is defined as the potential adverse impact on earnings and economic value due to commodity price movements and volatilities. The Company closely monitors commodity prices of gold and lithium, individual equity movements, and the stock market to determine the appropriate course of action to be taken by the Company. The Company does not currently generate revenue so has limited exposure to price risk.

OTHER MD&A REQUIREMENTS

Disclosure of Outstanding Security Data as at February 12, 2025.

As of February 12, 2025, the following common shares, stock options and warrants were issued and outstanding:

Issued and Outstanding Common Shares – 10,337,396 common shares

Issued and Outstanding Stock Options:

| Expiry Date       
 March 8, 2025     |     | Exercise Price | 15.50 |     | Balance      
 February 12, 
 2025         |   4,000 |     | Exercisable  
 February 12, 
 2025         |   4,000 |
|:------------------|:----|:---------------|------:|:----|:-------------|--------:|:----|:-------------|--------:|
| September 2, 2025 |     | $              | 12.75 |     |              |  20,000 |     |              |  20,000 |
| September 6, 2025 |     | $              | 13.75 |     |              |   8,000 |     |              |   8,000 |
| November 20, 2025 |     | $              |  4.00 |     |              |   6,000 |     |              |   6,000 |
| December 2, 2025  |     | $              |  9.00 |     |              |  42,000 |     |              |  42,000 |
| December 13, 2025 |     | $              |  9.50 |     |              |  21,000 |     |              |  21,000 |
| March 26, 2026    |     | $              |  3.30 |     |              |  20,000 |     |              |  20,000 |
| August 25, 2026   |     | $              |  5.65 |     |              |  17,500 |