Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 64

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 64
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 sources.

| S-1 |

In addition, assumptions and estimates of our and
our industry’s future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors,
including those described in the section titled “Risk Factors”. These and other factors could cause our future performance
to differ materially from our assumptions and estimates. See the section titled “Cautionary Note Regarding Forward-Looking Statements”.

#### Trademarks
We own or have rights to various trademarks, service
marks and trade names that we use in connection with the operation of our business. This Prospectus Supplement, and the documents incorporated
by reference, also contains additional trademarks, trade names and service marks belonging to other companies. Solely for convenience,
trademarks, trade names and service marks referred to in this Prospectus Supplement, and the documents incorporated by reference, may
appear without the ®, ™ or SM symbols, but such references are not intended to indicate, in any way, that we will not assert,
to the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks, trade names and service
marks. We do not intend our use or display of other parties’ trademarks, trade names or service marks to imply, and such use or
display should not be construed to imply, a relationship with, or endorsement or sponsorship of us by, these other parties.

#### Financial Information and Currency
Unless otherwise indicated, all references in this
Prospectus Supplement, and the documents incorporated by reference herein, to “dollars” or “CAD”
or “$” are to Canadian dollars and all references to “USD” or “US$” are to United
States dollars.

#### Exchange Rates
The following tables set forth the annual average
exchange rates for the year ended March 31, 2025, March 31, 2024, and March 31, 2023, and the monthly average exchange
rates for each month during the previous twelve months, as supplied by the Bank of Canada. These exchange rates are expressed as one United
States dollar converted into Canadian dollars.

| Period                    | Average |
| Year Ended March 31, 2025 |  $1.391 |
| Year Ended March 31, 2024 |  $1.349 |
| Year Ended March 31, 2023 |  $1.323 |

| Month Ended    
 April 30, 2025 | Average 
  $1.399 |
|: