Barnard Amends Foremost Lithium Stake Filing

TL;DR

Barnard updated his 13D filing for Foremost Lithium. Watch for more details on ownership changes.

AI Summary

Jason Barnard filed an amendment (No. 1) to his Schedule 13D on March 19, 2024, regarding Foremost Lithium Resource & Technology Ltd. This filing indicates a change in the beneficial ownership of the company's common shares. The specific details of the change in ownership percentage or number of shares are not provided in this excerpt, but it signifies an update to Barnard's holdings.

Why It Matters

This amendment signals a potential shift in control or significant shareholder activity for Foremost Lithium, a company involved in the critical minerals sector.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant shareholder activity, which can lead to volatility and potential changes in company strategy or control.

Key Players & Entities

• Jason Barnard (person) — Filing person and beneficial owner
• Foremost Lithium Resource & Technology Ltd. (company) — Subject company
• 0001183740-24-000029 (filing_id) — Accession number for the filing
• 20240319 (date) — Filing date

FAQ

Key Financial Figures

• $6.60 — Common Share at an exercise price of CAD$6.60 per share until September 6, 2028. It

Filing Documents

• sch13da1.htm (SC 13D/A) — 51KB
• ex99113da1.htm (EX-99.1) — 4KB
• 0001183740-24-000029.txt ( ) — 56KB

Security and Issuer

Item 1. Security and Issuer This statement constitutes Amendment No. 1 to the Schedule 13D relates to the voting common shares, without par value, of Foremost Lithium Resource & Technology Ltd., a British Columbia, Canada corporation (the " Issuer "), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission on March 19, 2024 (the " Initial Schedule 13D "). The Issuer maintains its principal executive office at 250-750 West Pender Street, Vancouver, British Columbia, V6C 2T7, Canada. Due to inadvertence, no amendment to the Initial Schedule 13D was filed previously by the Reporting Persons named herein, and this statement is being filed at this time to correct that oversight.

Identity and Background

Item 2. Identity and Background Name: This statement is filed by Jason Barnard and Christina Barnard (the " Reporting Persons "). Residence or Business Address: The Reporting Persons' address is: 822 17th Street E North Vancouver, British Columbia Canada, V7L 2X1 Present Principal Business or Occupation: Jason Barnard's principal occupation is acting as the Chief Executive Officer and Director of the Issuer. Christina Barnard's principal occupation is acting as Chief Operating Officer of the Issuer. Place of Organization or Citizenship: Jason Barnard and Christina Barnard are Canadian citizens. Criminal Proceedings: During the last five years, the Reporting Persons have not been convicted in any criminal proceeding. Civil Proceedings: During the last five years, the Reporting Persons have not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, there was or is a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Page 6

Source and Amount of Funds or Other Considerations

Item 3. Source and Amount of Funds or Other Considerations On September 6, 2023, Jason Barnard was granted 40,000 stock options (the " Options ") and the Christina Barnard was granted 20,000 Options. Each Option is exercisable into a Common Share at an exercise price of CAD$6.60 per share until September 6, 2028.

Purpose of Transaction

Item 4. Purpose of Transaction See Item 3 above. The Reporting Persons reserve the right to formulate other plans or make other proposals and take other actions with respect to their interest in the Issuer. Depending on market conditions and other factors, the Reporting Persons may acquire or dispose of securities of the Issuer as the Reporting Persons may deem appropriate, whether in open market purchases or sales, privately negotiated transactions or otherwise. The Reporting Persons continue to evaluate numerous potential transactions and in connection therewith may exchange Common Shares for other assets or may sell Common Shares to increase their cash position. The Reporting Persons may also reconsider and change their plans or proposals relating to the foregoing. Except as otherwise disclosed herein, the Reporting Persons have no current plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of the assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the United States Investment Company Act of 1940 ; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer The filing of this statement by the Reporting Persons shall not be construed as an admission that the Reporting Persons are, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by the statements herein. (a) The information contained in the cover page for the Reporting Persons are being incorporated by reference herein with respect to their beneficial ownership. (b) The information contained in the cover page for the Reporting Persons are being incorporated by reference herein with respect to their voting and disposition power. (c) As of September 6, 2023, and within the sixty day period prior thereto, no transactions involving the Issuer's equity securities had been engaged in by the Reporting Persons other than as disclosed herein. (d) As of September 6, 2023, to the best knowledge and belief of the undersigned, except as otherwise reported herein, no person other than the Reporting Persons had the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Except as disclosed herein, the Reporting Persons do not have any contract, arrangement, understanding or relationship with respect to securities of the Issuer including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. The Reporting Persons have not pledged securities of the Issuer nor are the securities of the Issuer held by the Reporting Persons subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities. Page 8

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits Exhibit No. Description 99.1 Joint Filing Agreement between Jason Barnard and Christina Barnard Page 9 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 19, 2024. /s/ Jason Barnard _________________________ Name: Jason Barnard /s/ Christina Barnard _________________________ Name: Christina Barnard __________

View Full Filing

View this SC 13D/A filing on SEC EDGAR