Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 218

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 218
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)      a cash payment of $ 150,000 on or before June 28, 2025;  

  a cash payment of $ 150,000 on or before June 28, 2026;  

  vi)      a cash payment of $ 150,000 on or before June 28, 2027; and  

  the issuance of $ 750,000 in shares of the Company as follows:  

  the issuance of $ 100,000 in common shares on or before June 23, 2022 ( issued 10,526 shares);  

  ii)      the issuance of $ 100,000 in common shares on or before June 9, 2023 ( issued 13,072 shares);  

  iii)      the issuance of $ 100,000 in common shares on or before June 28, 2024; ( issued 28,818 shares);  

  iv)      the issuance of $ 150,000 in common shares on or before June 28, 2025;  

  the issuance of $ 150,000 in common shares on or before June 28, 2026;  

  vi)      the issuance of $ 150,000 in common shares on or before June 28, 2027; and  

  Incurring exploration expenditures totaling $ 3,000,000 due on or before June 9, 2027 ( incurred cumulative exploration expenditures of $ 881,337 through March 31, 2025.  
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Provided that the First Option has been exercised, the Company maypurchase from Strider onehalf (1%) of the NSR for a cash payment of $1,500,000(the “ Second Option”) at any time prior to commencement of commercial production.

Lac Simard South Property

During the year endedMarch 31, 2024, the Company entered into an agreement, and earned a100% interest in, the Lac Simard South property located in Quebec by paying $35,000(paid) and issuing10,700common shares (issued and valued at $85,600).

Athabasca Properties

During the year endedMarch 31 2025, the Company entered into an option agreement with Denison Mines Corp. (“ Denison”) to acquire up to a70% interest in