Phosphate Holdings Inc. (PHOS)
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PHOS Chart
First Phosphate jumps after analysts cites key role in Western LFP supply chain
Shares of First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) surged more than 12% on Thursday after research firm Emerging Growth initiated coverage with a Buy rating and a 12-month price target of C$4.93, saying the Québec-based developer is positioned to anchor a Western supply chain for purified phosphoric acid (PPA) used in lithium iron phosphate (LFP) batteries. In its note, Emerging Growth said that it believes the market is “underpricing the combination of ore quality, deep-water logistics at the Port of Saguenay, and a staged integration plan that generates cash from concentrate sales while the acid plant advances toward feasibility and FID.
First Phosphate raises C$3.6 million in latest private-placement tranche
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said on Monday it closed another tranche of its non-brokered private-placement financing, bringing total proceeds from the two-part offering to about C$3.57 million. The Canadian phosphate development company said it issued around 3.36 million flow-through shares for C$3.02 million and nearly 612,000 hard-dollar units for C$550,560 across both tranches.
First Phosphate closes oversubscribed private placement, raises $2.2M
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) announced that it has completed an oversubscribed private placement to a strategic investor and other follow-on investors. The company raised a total of $2.18 million through the issuance of 2,244,722 Flow-Through Shares at $0.90 per share, generating gross proceeds of approximately $2 million, and 177,666 Hard Dollar Units at $0.90 per unit, adding about $160,000.
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Phosphate Holdings Inc. Profile
| - Industry | - Sector | Mr. C. E. McCraw CEO | OTC PINK Exchange | US71922F1021 ISIN |
| US Country | - Employees | 7 Mar 2008 Last Dividend | - Last Split | - IPO Date |
Overview
Phosphate Holdings, Inc. is a prominent company specialized in the production and sale of phosphate fertilizer, playing a crucial role in the agricultural sector. Founded in 2004 and headquartered in Madison, Mississippi, it operates through its subsidiary, Mississippi Phosphates Corporation, based in Pascagoula, Mississippi. The company not only serves the domestic market but also exports its products internationally, indicating its significant presence in the global fertilizer industry.
Products and Services
- Phosphate Fertilizer
Phosphate Holdings, Inc. specializes in manufacturing phosphate fertilizer, an essential nutrient for plant growth. This product aims to enhance soil fertility and increase agricultural productivity, making it a vital input for farmers and the agricultural sector. The company utilizes advanced technologies and processes to ensure the quality and effectiveness of its fertilizer, catering to the needs of both domestic and international markets.
Contact Information
