Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 221

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 221
---
  

  closed a brokered private placement issuing 1,473,000 units consisting of one common share and one common share purchase warrant at $ 3.00 per unit for gross proceeds of $ 4,419,000, of which $...  

The Company also issued1,022,500flow-through units consisting of oneflow-through common share and oneflow-through common share purchase warrant for $3.50per unit for gross proceeds of $3,578,750, of which $255,625was allocated to the warrant component of the unit and recorded in reserves. Each warrant is exercisable by the holder to purchase an additional common share at a price of $4.00until November 14, 2026. A value of $511,250was attributed to the flow-through premium liability in connection with the financing. The Company is committed to incur a total of $3,578,750of qualifying CEE on or before December 31, 2025. As atMarch 31, 2025, the Company has incurred$Nilin qualifying CEE.

The Company also issued550,000charitable flow-through units consisting of onecharitable flow-through common share and onenon-flow-through common share purchase warrant for $4.55per unit for gross proceeds of $2,502,500, of which $137,500was allocated to the warrant component of the unit and recorded in reserves. Each warrant is exercisable by the holder to purchase an additional common share at a price of $4.00until November 14, 2026. A value of $852,500was attributed to the charitable flow-through premium liability in connection with the financing. The Company is committed to incur a total of $2,502,500of qualifying CEE on or before December 31, 2025. As atMarch 31, 2025, the Company has incurred$Nilin qualifying CEE.

In connection with these financings, the Company paid commissions of $570,015and granted162,730broker warrants (valued at $201,400). Each broker warrant is exercisable for onecommon share of the Company at a price of $3.00per common share until November 14, 2026. The Company also paid other share issuance costs of $82,673.

  issued 82,570 common shares pursuant to RSU settlement resulting in reallocation of share-based reserves of $ 224,591 from reserves to share capital.  

During the year