First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0) said it welcomed an amendment to Canada's 2025 federal budget that adds phosphate to the country's list of critical minerals essential for clean technology. The amendment, which passed this week, makes phosphate exploration and downstream processing eligible for federal programs aimed at supporting critical mineral development, including two refundable tax credits.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) has earned an ‘Outperform' rating from Noble Capital Markets analysts as the company progresses its Begin-Lamarche phosphate project from exploration toward feasibility, supported by a combination of funding initiatives and operational milestones. The company amended an existing offtake agreement, receiving a US$0.53 million upfront prepayment during the fourth quarter of fiscal 2026.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said it has received an initial payment under an amended long-term phosphate concentrate offtake arrangement, providing fresh funding to advance its flagship Bégin-Lamarche project in Quebec. The company said an existing offtake partner has agreed to a lump-sum pre-payment equivalent to US$530,000, aimed at supporting work toward a feasibility study and an eventual production decision at Bégin-Lamarche.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said on Monday its common shares have been added to the CSE 25 Index, following the Canadian Securities Exchange's quarterly index rebalancing. The CSE 25 Index tracks the 25 largest and most liquid companies listed on the Canadian Securities Exchange.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said on Monday it has closed the fourth and final tranche of its non-brokered private placement financing, bringing total gross proceeds from the offering to about C$9.6 million. The Canada-based mineral development company said the financing was completed through four tranches and included the issuance of about 8 million flow-through shares for gross proceeds of C$7.2 million, along with roughly 2.7 million hard dollar units raising about C$2.4 million.
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 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 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.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said it applauds the announcement by the Canadian Minister of Government Transformation, Public Works and Procurement, Joël Lightbound, to invest $57.6 million to build the second wharf at Port Saguenay in Quebec. The mineral development and cleantech company said the second wharf is to be positioned directly adjacent to First Phosphate's planned phosphoric acid plant and will greatly assist in the transportation of the company's future phosphate concentrate, phosphoric acid and lithium iron phosphate (LFP) products to North American, European and international destinations.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) on Monday welcomed the US Department of the Interior's decision to designate phosphate as a critical mineral. The addition of phosphate to the Final 2025 List of Critical Minerals, announced by the US Geological Survey (USGS) last week, aligns the US with Canada, South Korea, the European Union, and the provinces of Ontario and Quebec, which already recognize the mineral's strategic importance.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) CEO John Passalacqua talked with Proactive about a strategic capital raise aimed at accelerating exploration and development at the company's phosphate resource. Passalacqua confirmed that an existing investor is stepping in to "top up" their position, with potential participation from other shareholders.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) announced that its common shares have begun trading on the Tradegate Exchange (TDG: KD0) in Germany. The listing provides European investors with the ability to trade First Phosphate shares during regular and extended EU market hours.