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May 2, 2023
John Gravelle
Chief Executive Officer
Foremost Lithium Resource & Technology Ltd.
2500-700 West Georgia Street
Vancouver, British Columbia V7Y 1B3
Canada
Re:Foremost Lithium Resource & Technology Ltd.
Amendment No. 3 to
Draft Registration Statement on Form F-1
Submitted April 14, 2023
CIK No. 0001935418
Dear John Gravelle:
            We have reviewed your amended draft registration statement and have the following
comments.  In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
            Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR.  If you do not believe our comments apply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
            After reviewing the information you provide in response to these comments and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Amendment No. 3 to Draft Registration Statement on Form F-1 filed on April 14, 2023
Prospectus Summary, page 1
1.Please provide the basis for your disclosure on page 6 that the global lithium-ion battery
market size is expected to reach USD $182.53 billion by 2030.
Use of Proceeds, page 30
2.We note your response to prior comment 5, and reissue such comment in part.  In that
regard, we note your disclosure that you intend to use 52% of the net proceeds for
resource development activities such as drilling, soil sampling, as well as potential project

 FirstName LastNameJohn Gravelle
 Comapany NameForemost Lithium Resource & Technology Ltd.
 May 2, 2023 Page 2
 FirstName LastNameJohn Gravelle
Foremost Lithium Resource & Technology Ltd.
May 2, 2023
Page 2
acquisition.  Please disclose the estimated net amount of the proceeds broken down into
each principal intended use thereof.  For example, please disclose the estimated net
amount of proceeds that you intend to use for resource development activities, and the
estimated net amount of proceeds that you intend to use for potential project acquisition.
Related Party Transactions, page 40
3.Please update your disclosure in this section to provide the information required by Item
7.B of Form 20-F for the period since the beginning of the company’s preceding three
financial years up to the date of your prospectus.
Compensation of Directors and Officers, page 105
4.Please provide the information required by Item 6.B of Form 20-F for your fiscal year
ended March 31, 2023.
Consulting Agreements, page 105
5.Please revise to disclose all material terms of each of the consulting agreements, including
fees payable under each such agreement.
Condensed Interim Consolidated Statements of Cash Flows, page F-41
6.We note disclosure on page F-57 that during the period ended December 31, 2022, you
sold your 60% interest in the Hidden Lake Project in Yellowknife, NWT for
$3.5 million resulting in a $3.5 million gain on sale of property.  Some transactions, such
as the sale of an item of plant, may give rise to a gain or loss that is included in
recognized profit or loss. The cash flows relating to such transactions are cash flows from
investing activities.  Revise your statements of cash flows as necessary to comply with the
guidance set forth in paragraphs 14 and 16(b) of IAS 7.
7.We note in your table of the exploration expenditures incurred on the exploration and
evaluation assets on page F-54 that you paid $216,150 in cash during the period ended
December 31, 2022 to acquire interests in properties; however, you do not appear to
present these cash payments as part of investing activities on your statement of cash
flows.  Please present exploration and evaluation acquisition costs paid in cash as an
investing activity on your statements of cash flows, or explain why no revision is
necessary.  Refer to paragraph 16(a) of IAS 7 for additional guidance.
General
8.We note that you present certain highlights in three columns of text immediately
following the first map in your filing, just after the cover page and before the Table of
Contents, including one that is titled "Favourable Geology Lithium Enriched Pegmatite
Clusters." However, your description of the geology includes an estimate of
mineralization on an adjacent property, referring to an estimate of 11.0M tons at 1.00%
Li2O.

 FirstName LastNameJohn Gravelle
 Comapany NameForemost Lithium Resource & Technology Ltd.
 May 2, 2023 Page 3
 FirstName LastName
John Gravelle
Foremost Lithium Resource & Technology Ltd.
May 2, 2023
Page 3

Please revise your filing to remove estimates that pertain to properties in which you do not
hold an economic interest, as previously requested in comment 2 of our February 13, 2023
letter.
            You may contact John Cannarella, Staff Accountant, at (202) 551-3337 or Jenifer
Gallagher, Staff Accountant, at (202) 551-3706 if you have questions regarding comments on the
financial statements and related matters.  For questions regarding engineering matters, you may
contact John Coleman, Mining Engineer, at (202) 551-3610.  Please contact Cheryl Brown, Staff
Attorney, at (202) 551-3905 or Laura Nicholson, Special Counsel, at (202) 551-3584 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:       Anthony Epps, Esq.