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First Phosphate Corp. ( (TSE:PHOS) ) has shared an update.
First Phosphate Corp. has announced a non-brokered private placement to raise a minimum of $1 million, responding to demand from an existing investor. The funds will be used for exploration and development activities in Quebec, with the offering expected to close by August 22, 2025. This move is expected to bolster the company’s operations and strengthen its position in the battery industry supply chain.
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 development company focused on producing high-purity phosphate for the LFP battery industry. The company emphasizes sustainable extraction and purification with a low carbon footprint, and its vertically integrated model connects phosphate mining directly to North American battery supply chains. Its flagship project, the Bégin-Lamarche Property in Quebec, features rare igneous anorthosite rock that yields high-purity phosphate with minimal impurities.
Average Trading Volume: 174,300
Technical Sentiment Signal: Buy
See more insights into PHOS stock on TipRanks’ Stock Analysis page.