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

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 28
---
 800,000 |
| Warrant price at valuation date                           |     | $ |     0.28 USD |     | $ |  0.61 USD |     | $ |   0.76 USD |
| Exchange rate                                             |     |   |      1.43835 |     |   |   1.35397 |     |   |    1.35460 |
| Fair value of warrants outstanding (derivative liability) |     | $ |      325,068 |     | $ |   656,946 |     | $ |    823,597 |

Agent warrants:

A continuity of the agent warrants granted for the nine-month period ended December 31, 2024is as follows:

| Expiry Date                             
 July 19, 2024                           |     | Exercise 
 Price    |    10.00 |     | Balance   
 March 31, 
 2024      |  5,765 |     | Granted |       - |     | Exercised | - |     | Expired | (5,765 | )* |     | Balance      
 December 31, 
 2024         |       - |
|:----------------------------------------|:----|:---------|---------:|:----|:----------|-------:|:----|:--------|--------:|:----|:----------|:--|:----|:--------|:-------|:---|:----|:-------------|--------:|
| March 13, 2026                          |     | $        |     3.40 |     |           |  3,274 |     |         |       - |     |           | - |     |         | -      |    |     |              |   3,274 |
| April 29, 2026                          |     | $        |     3.40 |     |           |      - |     |         |      51 |     |           | - |     |         | -      |    |     |              |      51 |
| November 14, 2026                       |     | $        |     3.00 |     |           |      - |     |         | 162,730 |     |           | - |     |         | -      |    |     |              | 162,730 |
| August 21, 2028                         |     | $        | USD 6.25 |