SEC Comment Letter 0000000000-23-007612 to Foremost Clean Energy Ltd. (FMST)
Foremost Clean Energy Ltd.
Date: July 17, 2023 · CIK: 0001935418 · Accession: 0000000000-23-007612
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-272028
Letter
United States securities and exchange commission logo July 17, 2023 Jason Barnard 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. 2 to Registration Statement on Form F-1 Filed July 7, 2023 File No. 333-272028 Dear Jason Barnard: We have reviewed your amended 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 amending your registration statement and providing the requested information. 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 any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amendment No. 2 to Registration Statement on Form F-1 filed July 7, 2023 The Offering, page 12 1.We note your reference on page 13 to the option of the underwriters to purchase an additional 52,272 common shares. Please reconcile this amount with other disclosure in your prospectus that you have granted to the underwriters a 45-day option to purchase up to an additional 15% of the common shares sold in the offering (136,363 additional shares). Financial Statements, page F-1 2.Please update your financial statements and related disclosures throughout your registration statement as required by Item 8.A.4 of Form 20-F.
FirstName LastNameJason Barnard Comapany NameForemost Lithium Resource & Technology Ltd. July 17, 2023 Page 2 FirstName LastName Jason Barnard Foremost Lithium Resource & Technology Ltd. July 17, 2023 Page 2 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.
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United States securities and exchange commission logo
July 17, 2023
Jason Barnard
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. 2 to Registration Statement on Form F-1
Filed July 7, 2023
File No. 333-272028
Dear Jason Barnard:
We have reviewed your amended 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 amending your registration statement and providing the
requested information. 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 any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Amendment No. 2 to Registration Statement on Form F-1 filed July 7, 2023
The Offering, page 12
1.We note your reference on page 13 to the option of the underwriters to purchase an
additional 52,272 common shares. Please reconcile this amount with other disclosure in
your prospectus that you have granted to the underwriters a 45-day option to purchase up
to an additional 15% of the common shares sold in the offering (136,363 additional
shares).
Financial Statements, page F-1
2.Please update your financial statements and related disclosures throughout your
registration statement as required by Item 8.A.4 of Form 20-F.
FirstName LastNameJason Barnard
Comapany NameForemost Lithium Resource & Technology Ltd.
July 17, 2023 Page 2
FirstName LastName
Jason Barnard
Foremost Lithium Resource & Technology Ltd.
July 17, 2023
Page 2
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.