First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF), the Quebec-based mineral development firm, plans to raise at least $2 million in a private share placement to a strategic investor, aiming to support exploration work and general corporate activities. The offering will follow the structure of a similar fundraising in May that was initially pitched at $1 million but ultimately pulled in more than three times that amount.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) CEO John Passalacqua talked with Proactive about the company's recent metallurgical testing progress and next steps toward a feasibility study for its Bégin-Lamarche project in Quebec. The company has collected a 5,000-kilogram bulk sample to refine its phosphate separation process and further validate its earlier pilot results, which had already achieved nearly 90% phosphate recovery.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced that it has collected a 5,000-kilogram bulk sample from its Bégin-Lamarche phosphate project in the Saguenay-Lac-Saint-Jean region of Quebec to be used for metallurgical testing to refine the recovery process of critical minerals. The company aims to refine the process for the recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium).
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) said it is in the midst of an internal prefeasibility analysis ahead of a formal feasibility study on its Bégin-Lamarche phosphate mine in Quebec. The company recently completed its mineral resource estimate and preliminary economic assessment for the Bégin-Lamarche project.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has filed its preliminary economic assessment with SEDAR, part of the regulatory portion of the report that was released back in December 2024. The PEA on the Begin-Lamarche property outlines a “potentially viable case” for open pit mining of phosphate concentrate.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced the publication of two research reports on its Bégin-Lamarche phosphate deposit conducted by Queen's University and Université de Québec à Chicoutimi. The studies focus on the geological characteristics of the Mountain, North, and South Zones of Bégin-Lamarche, part of Quebec's Lac-Saint-Jean Anorthositic Suite, the world's largest anorthosite complex.
China's Ministry of Commerce has proposed stricter controls on the export of critical battery and lithium processing technologies, potentially disrupting global supply chains for electric vehicles (EVs) and renewable energy storage. This draft includes potential restrictions on key technologies essential for producing battery cathode materials and extracting lithium, including spodumene-based lithium extraction and direct lithium extraction from brines.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced it has closed an oversubscribed private placement financing, raising approximately $2,695,000, well above the initially planned $1 million. "We are happy to have raised funds exclusively from a select group of existing and new investors, none of which is a traditional flow-through fund," First Phosphate CEO John Passalaqua said.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) earlier this week announced key developments that strengthen its position as a resource developer. The company signed offtake agreements for upstream phosphate processing, which it said enhance the financial viability of its operations and pave the way for future feasibility studies.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced plans to undertake a non-brokered private placement aiming to raise gross proceeds of at least $1 million. The offering includes a combination of flow-through shares priced at $0.35 each and hard dollar units priced at $0.35 per unit.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) said on Wednesday it signed two long-term offtake agreements with creditworthy partners for its future production in Saguenay-Lac-St-Jean, Quebec, a move aimed at de-risking its projects and bolstering financing prospects. Definitive terms of the agreements, including delivery timelines and termination rights, will be outlined in separate contracts, the firm said in a statement.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) this week announced a significant milestone for its Bégin-Lamarche property in Quebec: the release of a preliminary economic assessment (PEA) that the company believes outlines a promising case for open-pit mining focused on producing phosphate concentrate. “We're looking at a net present value exceeding $2 billion, which is very good in this market,” First Phosphate CEO John Passalacqua told Proactive.