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Thursday, January 30, 2025

Equity Corporate Actions Alert #2025 - 44
Information Regarding the Plan of Arrangement for Foremost Clean Energy Ltd. (FMST)

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  • Industry Announcement

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On December 20, 2024, shareholders of Foremost Clean Energy Ltd. (FMST) approved the Plan of Arrangement which will automatically become effective at 12:01 a.m. on Friday, January 31, 2025. Pursuant to the plan, shareholders will receive, upon surrender of their shares, one (1) new common share of Foremost Clean Energy Ltd. (FMST) and two (2) common shares of Rio Grande Resources Ltd. The Plan of Arrangement and Spin-Out will become effective on Nasdaq on Friday, January 31, 2025. The common shares of Rio Grande Resources Ltd will NOT list on Nasdaq. In conjunction with the Plan of Arrangement and Spin-out, the CUSIP number will change to 34547F105. Nasdaq will not be making an adjustment for the share exchange.

If you would like to register as a market maker in FMST, contact Nasdaq Trading Operations at +1 212 231 5100.

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