First Phosphate Closes Oversubscribed Private Placement and Expands Marketing Efforts

First Phosphate Corp. ( (TSE:PHOS) ) just unveiled an update.

First Phosphate Corp. has successfully closed the final tranche of its oversubscribed private placement, raising a total of $4,692,329. This financing is part of the company’s broader strategy, having raised approximately $28.5 million since June 2022, with $8.2 million secured in the last three months alone. The funds are intended to support the company’s operations and strategic initiatives. Additionally, First Phosphate has entered into a marketing contract with Revolution Small Cap Marketing to enhance its market presence through social media engagement, reflecting its commitment to expanding its industry positioning and stakeholder engagement.

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 emphasizes sustainable extraction and purification with a low anticipated carbon footprint, integrating phosphate mining directly into North American battery supply chains. Its flagship project is the Bégin-Lamarche Property in Quebec, known for its rare igneous anorthosite rock yielding high-purity phosphate.

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Technical Sentiment Signal: Strong Buy

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