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First Phosphate Corp. ( (TSE:PHOS) ) has issued an update.
First Phosphate Corp. has announced a non-brokered private placement to raise a minimum of $2,000,000 from a strategic investor. This offering is similar to a previous one that was oversubscribed, and the funds will be used for exploration, development activities, and general corporate purposes. The offering is expected to close around July 8, 2025, and includes flow-through shares and hard dollar units. The company’s strategic move aims to bolster its operations and strengthen its position in the LFP battery industry, potentially impacting stakeholders by enhancing its project development capabilities.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry. The company integrates sustainable phosphate mining in Quebec with North American battery supply chains, serving sectors such as energy storage, data centers, robotics, mobility, and defense. Its flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is known for its high-purity phosphate resources.
Average Trading Volume: 116,778
Technical Sentiment Signal: Strong Buy
Find detailed analytics on PHOS stock on TipRanks’ Stock Analysis page.