Foremost Clean Energy Ltd 2026年年度报告和过渡报告

(Mark one) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None(Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 16,280,580Common Shares, no parvalue per share, as of March 31, 2026. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for suchshorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 ofthe Exchange Act. (Check one): ☐Large Accelerated filer If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officersduring the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. ☐Item 17☐Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Annual Report on Form 20-FYear Ended March 31, 2026 TABLE OF CONTENTS PART I ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE ITEM 3. KEY INFORMATION3.A. [Reserved]3.B. Capitalization and Indebtedness3.C. Reasons for the Offer and Use of Proceeds3.D. Risk Factors ITEM 4. INFORMATION ON THE COMPANY4.A. History and Development of the Company4.B. Business OverviewITEM 4A. UNRESOLVED STAFF COMMENTS ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS5.A. Operating Results ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES6.A. Directors and Senior Management6.B. Compensation of Board Members and Executives6.C. Board Practices6.D. Employees6.E. Share Ownership6.F. Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS7.A. Major shareholders7.B. Related Party Transactions7.C. Interests of Experts and Counsel ITEM 8. FINANCIAL INFORMATION8.A. Consolidated Statements and Other Financial Information.8.B. Significant Changes ITEM 9. THE OFFER AND LISTING9.A. Offer and Listing Details9.B. Plan of Distribution9.C. Markets9.D. Selling Shareholders9.E. Dilution9.F. Expenses of the Issue ITEM 10. ADDITIONAL INFORMATION10.A. Share Capital10.B. Memorandum and Articles of association10.C. Material Contracts10.D. Exchange Controls10.E. Taxation10.F. Dividends and Paying Agents10.G. Statement by Experts10.H. Documents on Display10.I. Subsidiary Information CERTAIN INFORMATION As used in this Annual Report on Form 20-F (the “Annual Report”), unless otherwise indicated or the context otherwise requires, references to ●“we,””Foremost Clean Energy,””Foremost””us,””our,””the Company,”or “our company,”are to Foremost C