Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 5

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 5
---
 |
| Warrants expired                                       |     |           |          - |     |               |          - |   |     |               |        - |   |     |             |   (22,000 | ) |     |         |      22,000 |   |     |               |          - |   |
| Options expired/forfeited                              |     |           |          - |     |               |          - |   |     |               |        - |   |     |             |  (344,467 | ) |     |         |     344,467 |   |     |               |          - |   |
| Loss for the period                                    |     |           |          - |     |               |          - |   |     |               |        - |   |     |             |         - |   |     |         |  (4,393,940 | ) |     |               | (4,393,940 | ) |
| Balance, December 31, 2024                             |     |           | 10,337,396 |     | $             | 47,406,247 |   |     | $             |        - |   |     | $           | 4,244,891 |   |     | $       | (25,508,596 | ) |     | $             | 26,142,542 |   |

<div align='center'>The accompanying notes are an integral part of these condensed interim consolidated financial statements.</div>

Page 4 | 28

FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Condensed Interim Consolidated Statements of Cash Flows

For the nine months ended December 31,

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

| CASH FLOWS FROM OPERATING ACTIVITIES         |     |   |       2024 |   |     |   |       2023 |   |
|:---------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Loss and comprehensive loss for the period   |     | $ | (4,393,940 | ) |     | $ | (2,958,769 | ) |
| Item not affecting cash:                     |     |   |            |   |     |   |            |   |
| Share-based payments                         |     |   |