Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 16

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 16
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 incorporate shall state in such form that it is being incorporated by reference into this
Prospectus. The documents incorporated or deemed to be incorporated herein by reference contain meaningful and material information relating
to us and the readers should review all information contained in this Prospectus and the documents incorporated or deemed to be incorporated
herein by reference.

A Prospectus Supplement containing the specific terms
of an offering of Securities and other information relating to the Securities will be delivered to prospective purchasers of such Securities
together with this Prospectus and will be deemed to be incorporated into this Prospectus as of the date of such Prospectus Supplement
only for the purpose of the offering of the Securities covered by such Prospectus Supplement.

Any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Prospectus, to the
extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not constitute a part of this Prospectus,
except as so modified or superseded. The modifying or superseding statement need not state that it has modified or superseded a prior
statement or include any other information set forth in the document that it modifies or supersedes. The making of such a modifying or
superseding statement shall not be deemed an admission for any purposes that the modified or superseded statement, when made, constituted
a misrepresentation, an untrue statement of a material fact or an omission to state a material fact that is required to be stated or that
is necessary to make a statement not misleading in light of the circumstances in which it was made.**

| 6 |

### RISK FACTORS
An investment in our Securities is highly speculative
and subject to a number of known and unknown risks. Only those persons who can bear the risk of the entire loss of their investment should
purchase our Securities. You should carefully consider the risk factors set forth below along with the risk factors in our Annual Report
on Form 20-F for the fiscal year ended March 31, 2025 and the other information contained in this Prospectus, and the documents
incorporated by reference therein, as updated by our subsequent filings under the Exchange Act, and the risk factors and other information
contained in any applicable Prospectus Supplement, before purchasing any of our Securities.

#### Risks Related to Any Offering
**You may