Phosphate Holdings Inc. (PHOS)
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First Phosphate closes $15.4 million financing
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has closed a $15.4 million financing to continue advancing its work in the North American LFP battery industry. The company raised gross proceeds of $2.9 million through the issuance of just over 1.4 million hard dollar units at $2 per unit, and $12.6 million through nearly 6.3 million flow-through shares also priced at $2 per share.
First Phosphate expands high-purity phosphate resource at Bégin-Lamarche in Quebec - ICYMI
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) earlier this week reported a substantially updated mineral resource estimate for its Bégin-Lamarche phosphate project in Quebec, with indicated resources increasing by 378% following extensive drilling and metallurgical work. CEO John Passalacqua told Proactive that the company had now completed more than 65,000 metres of drilling across the property, including a 40,000m second drill campaign completed earlier this year.
First Phosphate launches $5M non-brokered private placement
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has announced plans for a non-brokered private placement aimed at existing investors, targeting minimum gross proceeds of $5 million. The offering will consist of a combination of hard dollar units and flow-through shares, each priced at $2 per unit or share Under the hard dollar unit offering, each unit will include one common share and one warrant.
First Phosphate details expanded resource base at Bégin-Lamarche project in Quebec
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has unveiled an updated mineral resource estimate for its Bégin-Lamarche phosphate project in Quebec, highlighting a significant increase in indicated resources following its 2025 to 2026 drilling program. The company said the updated estimate, effective May 1, 2026, shows a 378% increase in indicated mineral resources compared with its initial estimate released in September 2024.
First Phosphate CEO discusses Agnico Eagle's $94M move into phosphate market - ICYMI
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) CEO John Passalacqua talked with Proactive about the implications of Agnico Eagle Mines' subsidiary acquiring Fox River Resources for $94 million and what the move means for the phosphate and LFP battery sectors. Passalacqua explained that the transaction represents significant validation for the igneous phosphate market in North America, particularly as Agnico Eagle is traditionally known as one of the world's largest gold producers.
Arianne Phosphate achieves Quebec's first local phosphoric acid output in over a century
Arianne Phosphate Inc (TSX-V:DAN, OTCQB:DRRSF) said on Thursday it has successfully produced phosphoric acid on a continuous basis from its high-purity phosphate concentrate, marking the first time the process has been achieved in Quebec from a locally sourced apatite concentrate in more than 130 years. The milestone involved producing roughly 1.5 tonnes of phosphoric acid over a one-week period at mineral processing research centre Corem's facilities.
First Phosphate keeps Noble Capital analysts bullish on vertically integrated battery materials plan
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has been awarded a repeat ‘Outperform' rating from Noble Capital Markets analysts who pointed to what they see as a strategically well-positioned project portfolio tied to growing demand for lithium iron phosphate (LFP) battery materials and a tightening supply backdrop for high-purity phosphate. The firm has a price target of US$1.65 on the company, above current levels of about US$1.15.
First Phosphate strengthens treasury as it advances feasibility study - ICYMI
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) CEO John Passalacqua talked with Proactive about the company's latest $3 million financing through a warrant exercise and what it means for its financial position and project development timeline. Proactive: All right welcome back inside our Proactive newsroom.
First Phosphate shares surge as Agnico Eagle-backed Avenir moves into igneous phosphate
Shares of First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) closed nearly 18% higher on Tuesday after a landmark acquisition shook the North American igneous phosphate sector and drew fresh investor attention to the space. The catalyst: Fox River Resources Corporation (CSE: FOX) announced it has entered into a definitive arrangement agreement under which Avenir Minerals Limited will acquire all outstanding common shares of Fox River for C$94.3 million in cash, which surpasses the full capital originally allocated to Avenir by its parent company, Agnico Eagle Mines Ltd (TSX:AEM).
First Phosphate raises $3M from warrant exercises, remains debt-free
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) announced that it has raised more than $3 million through the recent exercise of share purchase warrants, adding to its funding base as it advances development plans. The company reported gross proceeds of $3,070,549 following the exercise of 2,456,439 warrants ahead of their expiry in late April, with each warrant converted at a price of $1.25 per share.
First Phosphate's Bégin-Lamarche infill drilling delivers strong results - ICYMI
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) CEO John Passalacqua talked with Proactive about the latest analytical results from infill drilling at the Bégin-Lamarche project, highlighting strong assay results and key progress toward an updated mineral resource estimate. Proactive: All right welcome back inside our Proactive newsroom.
First Phosphate confirms broad mineralization at Bégin-Lamarche
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) said on Monday that infill drilling at its Bégin-Lamarche property in Québec's Saguenay-Lac-Saint-Jean region has confirmed extensive and continuous phosphate mineralization across all three major deposit zones, while also uncovering two previously unknown intersects that expand the project's footprint. The recent campaign targeted the project's Mountain, North and South zones and was designed to tighten the geological understanding of the area covered by its initial Mineral Resource Estimate (MRE), published in September 2024.
