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The latest announcement is out from First Phosphate Corp. ( (TSE:PHOS) ).
First Phosphate Corp. announced the closing of the third tranche of its oversubscribed private placement, raising a total of $6,637,574 through the issuance of Flow-Through Shares and Hard Dollar Units. This financing is part of a series of private placements that have collectively raised approximately $46.7 million since June 2022. The proceeds are intended to support the company’s strategic initiatives, further enhancing its position in the cleantech and battery supply chain industry. The successful financing reflects strong investor confidence and positions First Phosphate to advance its projects and market presence.
The most recent analyst rating on (TSE:PHOS) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on First Phosphate Corp. stock, see the TSE:PHOS Stock Forecast page.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral exploration and cleantech company focused on developing a vertically integrated lithium iron phosphate (LFP) battery supply chain in North America. The company targets markets such as energy storage, data centers, robotics, mobility, and national security. Its flagship property, Bégin-Lamarche, is located in Saguenay–Lac-Saint-Jean, Quebec, Canada, and is known for its high-purity phosphate resource.
Average Trading Volume: 624,938
Technical Sentiment Signal: Buy
For a thorough assessment of PHOS stock, go to TipRanks’ Stock Analysis page.