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The latest announcement is out from First Phosphate Corp. ( (TSE:PHOS) ).
First Phosphate Corp. has announced a non-brokered private placement aiming to raise a minimum of $1 million through a combination of flow-through shares and hard dollar units, priced at $0.35 each. The proceeds will be used for exploration and development activities in Quebec, with the offering expected to close by May 27, 2025. This initiative is part of the company’s strategy to bolster its operations and strengthen its position in the LFP battery industry, potentially impacting stakeholders by enhancing the company’s financial resources for its ongoing projects.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the LFP battery industry. The company is dedicated to sustainable extraction and purification with a low carbon footprint, integrating phosphate mining directly into North American battery supply chains. Its flagship project, the Bégin-Lamarche Property in Quebec, contains rare igneous anorthosite rock yielding high-purity phosphate with minimal impurities.
Average Trading Volume: 89,463
Technical Sentiment Signal: Strong Buy
Find detailed analytics on PHOS stock on TipRanks’ Stock Analysis page.