Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 26

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 26
---
 number of the Debt Warrants that will be offered with each Security;                                |

| · | the date or dates, if any, on or after which the Debt Warrants and the related securities will be transferable 
 separately;                                                                                                    |

| · | the principal amount of Debt Securities that may be purchased upon exercise of each Debt Warrant and the                                
 price at which and currency or currencies in which that principal amount of Debt Securities may be purchased upon exercise of each Debt 
 Warrant;                                                                                                                                |

| · | the date on which the right to exercise the Debt Warrants will commence and the date on which the right 
 will expire;                                                                                            |

| · | the minimum or maximum amount of Debt Warrants that may be exercised at any one time; |

| · | whether the Debt Warrants will be subject to redemption or call, and, if so, the terms of such redemption 
 or call provisions;                                                                                       |

| · | material Canadian and United States federal income tax consequences of owning the Debt Warrants; and |

| · | any other material terms or conditions of the Debt Warrants. Prior to the exercise of their Warrants,     
 holders of Warrants will not have any of the rights of holders of the securities subject to the Warrants. |

| 12 |

### DESCRIPTION OF UNITS
We may issue Units, separately or together, with other
Securities. The applicable Prospectus Supplement will include details of the Units being offered thereunder.

Each Unit will be issued so that the holder of the
Unit is also the holder of each Security comprising the Unit. Thus, the holder of a Unit will have the rights and obligations of a holder
of each Security. The following describes the general terms that will apply to any Units that may be offered by us pursuant to this Prospectus.
The terms and provisions of any Units offered under a Prospectus Supplement may differ from the terms described below, and may not be
subject to or contain any or all of the terms described below.

The particular terms and provisions of the Units offered
under any Prospectus Supplement, and the extent to which the general terms of the Units described in this Prospectus apply to those Units,
will be set out in the applicable Prospectus Supplement. This description will include, where applicable: (i) the number of Units
offered; (ii) the price or prices, if any, at which the Units will be offered; (iii) the manner of determining the offering price(s) (in
the event that the offering