Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 4

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 4
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and $4.58 on the CSE. The trading price of our common shares has been, and may continue to be, subject to wide price fluctuations in response
to various factors, many of which are beyond our control, including those described in “Risk Factors.”

We are an “emerging growth company,” as that term is used
in the Jumpstart Our Business Startups Act of 2012, and as such, have elected to comply with certain reduced public company reporting
requirements for this prospectus and future filings. See “Prospectus Summary—Implications of Being an Emerging Growth Company.”

Investing in our common shares involves a high degree of risk. See “Risk Factors” beginning on page 15 of this prospectus for a discussion of information that should be considered in connection with an investment in our common shares. Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|                                    |     | Per Common 
 Share Unit |         |     | Total |           |
| Public offering price              |     | US$        |    5.00 |     | US$   | 4,000,000 |
| Underwriting discounts (7.15%)(1)  |     | US$        |  0.3575 |     | US$   |   286,000 |
| Proceeds to us, before expenses(2) |     | US$        | 4.64250 |     | US$   | 3,714,000 |

| (1) | Underwriting discounts do not include a non-accountable expense allowance equal to 1.0% of the public offering               
 price payable to the underwriters. We refer you to “Underwriting” beginning on page 135 for additional information regarding 
 underwriters’ compensation.                                                                                                  |

| (2) | The amount of the offering proceeds to us presented in this table does not give effect to any exercise of 
 the Common Share Purchase Warrants or the Pre-Funded Warrants being issued in this offering.              |

We have granted a 45-day option to the representative of the underwriters
to purchase up to additional Common Share Units or Pre-Funded Warrant Units representing fifteen percent (15%) of the Units sold in the
offering, solely to cover over-allotments, if any.

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