Company: FMST
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001171843-25-001157
Chunk: 26

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-02-28
Form: 424B3
Chunk 26
---
         - |     | Exercised | - |     | Forfeited / 
 Expired     | (24,000 | ) |     | Balance   
 March 31, 
 2024      |         - |
|:----------------------------------------|:----|:---------|---------:|:----|:----------|-------:|:----|:--------|----------:|:----|:----------|:--|:----|:------------|--------:|:--|:----|:----------|----------:|
| August 24, 2028                         |     | $        | USD 6.25 |     |           |      - |     |         |   800,000 |     |           | - |     |             |       - |   |     |           |   800,000 |
| March 13, 2026                          |     | $        |     4.00 |     |           |      - |     |         |   341,592 |     |           | - |     |             |       - |   |     |           |   341,592 |
| Total                                   |     |          |          |     |           | 24,000 |     |         | 1,141,592 |     |           | - |     |             | (24,000 | ) |     |           | 1,141,592 |
| Weighted average exercise price         |     |          |          |     | $         |   6.50 |     | $       |      5.58 |     | $         | - |     | $           |    6.50 |   |     | $         |      5.58 |
| Weighted average remaining life (years) |     |          |          |     |           |   0.67 |     |         |           |     |           |   |     |             |         |   |     |           |      3.67 |

The fair value of warrants was allocated to reserves and calculated using the Black-Scholes option pricing model with the following weighted average assumptions:

|                                                        |     |   | For the nine 
 months ended 
 December 31, 
         2024 |   |     |   |         For the year 
 ended March 31, 2024 |   |
|:-------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|----------------