Company: FMST
Filing Date: 2025-06-20
Form Type: 20-F
Source: 0001171843-25-004004
Chunk: 201

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: 20-F
Item: Item 19
Chunk 201
---
,348                  3,932,686  

The accompanying notes are an integral part of these consolidated financial statements.

F-7

FOREMOST CLEAN ENERGY LTD.

(FORMERLY FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.)

Consolidated Statements of Changes in Shareholders’ Equity

(Expressed in Canadian Dollars)

(Unaudited - Prepared by Management)

                                                                                         Capital Stock                                                                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance, March 31, 2022                                                3,608,519         $24,164,441      -              2,294,394      ( 19,717,089        6,741,746  
  Shares issued – exploration and evaluation assets (Notes 6 and 9)      17,595                152,454      -              -              -                     152,454  
  Shares issued – private placement (Note 9)                             97,753              1,661,807      -              -              -                   1,661,807  
  Flow-through premium (Note 9)                                          -                   ( 977,534      -              -              -                   ( 977,534  
  Share issue costs – paid in cash (Note 9)                              -                    ( 99,624      -              -              -                    ( 99,624  
  Share issue costs – agents warrants (Note 9)                           -                    ( 22,000      -              22,000         -                           -  
  Shares issued – options exercised (Note 9)                             13,000                156,278      -              ( 78,528       -                      77,750  
  Shares issued – warrants exercised (Note 9)                            212,750             1,059,017      -              -              -                   1,059,017  
  Shares issued – PSU redeemed (Note 9)                                  20,000                355,000      -              ( 355,000      -                           -  
  Share-based payments (Notes 9 and 10)                                  -                           -      -              815,428        -                     815,428  
  Transfer of cancelled/forfeited options                                -                           -      -              ( 891,400      891,400                     -  
  Income for the year                                                    -                           -      -              -              956,578