When did First Phosphate Corp. close the final tranche of its Offering?

First Phosphate Corp. closed the final tranche of the Offering on July 10, 2026. The announcement refers to the Offering as having two tranches to date.

How much did First Phosphate Corp. raise through the two tranches of its Offering?

First Phosphate Corp. reported aggregate gross proceeds of $17,698,290 from the two tranches. This comprised $14,476,140 from 7,238,070 Flow-Through Shares and $3,222,150 from 1,611,075 Hard Dollar Units.

How much did First Phosphate Corp. raise in the final tranche of its private placement?

First Phosphate Corp. raised total gross proceeds of $2,277,650 in the final tranche. This included $1,921,000 from 960,500 Flow-Through Shares and $356,650 from 178,325 Hard Dollar Units.

What securities did First Phosphate Corp. issue in the final tranche?

First Phosphate Corp. issued 960,500 Flow-Through Shares and 178,325 Hard Dollar Units in the final tranche. Each Hard Dollar Unit comprised 178,325 Common Shares and 178,325 Warrants.

How long are First Phosphate Corp.’s Offering securities subject to restrictions?

All securities issued under First Phosphate Corp.’s Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws.

Could First Phosphate Corp. close another tranche of the Offering?

First Phosphate Corp. said it may close another tranche of the Offering at its discretion, subject to the Policies of the Canadian Securities Exchange. The release also identifies completion of further tranches and regulatory approval, including approval by the Canadian Securities Exchange, as forward-looking information.

What changes did First Phosphate Corp. make to its board of directors?

Peter Kent returned to First Phosphate Corp.’s board of directors effective July 10, 2026. The Company said all existing directors will remain on the Board, and that Mr. Kent had previously served as President, a director and an advisor to the Company.

Who sits on First Phosphate Corp.’s Audit Committee after the board changes?

First Phosphate Corp.’s Audit Committee now consists of Laurence W. Zeifman as chair, Peter J. F. Nicholson and Peter Kent. Mr. Kent replaced John Passalacqua on the committee.

What equity awards did First Phosphate Corp. grant to Peter Kent?

First Phosphate Corp. granted Peter Kent 51,134 restricted share units and 300,000 incentive stock options. The restricted share units include 11,134 vesting on August 31, 2026 and 40,000 vesting on February 28, 2027; each option is exercisable for one common share at $2.00 until December 29, 2028.

When do Peter Kent’s First Phosphate Corp. options vest?

The 300,000 incentive stock options granted to Peter Kent vest in four tranches, with 25% vesting on each of January 10, 2027, July 10, 2027, January 10, 2028 and July 10, 2028.

What does First Phosphate Corp. do?

First Phosphate Corp. describes itself as a mineral exploration and development and clean technology company focused on building and reshoring a vertically integrated mine-to-market supply chain for producing LFP batteries in North America. Its stated target markets include energy storage, data centres, robotics, mobility and national security.

Where are First Phosphate Corp.’s shares listed and what are its ticker symbols?

First Phosphate Corp. identifies its listings and ticker symbols as CSE: PHOS, OTCQX: FRSPF, OTCQX ADR: FPHOY and FSE: KD0.

What risks and uncertainties did First Phosphate Corp. identify in its forward-looking information?

First Phosphate Corp. cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially. The Company identified market prices, development and exploration successes, continued availability of capital and financing, general economic, market or business conditions, regulatory requirements and the timing of Canadian Securities Exchange approval among the factors and assumptions relevant to those statements.

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First Phosphate Closes Final Tranche of Private Placement

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First Phosphate Corp

CSE:PHOS
FSE:KD0
NASDAQ:PHOS
OTCQX:FRSPF

First Phosphate Closes Final Tranche of Private Placement

Published Monday, 13 July 2026

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Plain English summaries when First Phosphate Corp announces news.

At a glance

Company: First Phosphate Corp
Listings: CSE:PHOS, FSE:KD0, NASDAQ:PHOS, OTCQX:FRSPF
Announcement type: Financing
Published: Monday, 13 July 2026
Source announcement: firstphosphate.com

Key figures
Measure	Figure
Flow-Through Shares	7,238,070 Flow-Through Shares

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) closed the final tranche of its Offering.

The two tranches raised gross proceeds of $17,698,290: $14,476,140 from 7,238,070 Flow-Through Shares and $3,222,150 from 1,611,075 Hard Dollar Units.
The July 10, 2026 tranche raised $2,277,650 through 960,500 Flow-Through Shares and 178,325 Hard Dollar Units.
All Offering securities have a four-month and one day statutory hold period under applicable securities laws.
The Company intends to use the proceeds as disclosed in its May 28, 2026 press release.
The Company may close another tranche at its discretion, subject to the Policies of the Canadian Securities Exchange.

Peter Kent returned to the board effective July 10, 2026, replacing John Passalacqua on the Audit Committee. He received 51,134 RSUs and 300,000 options exercisable at $2.00 until December 29, 2028.

Investor FAQs

First Phosphate Corp. announced that it closed the final tranche of its non-brokered private placement financing on July 10, 2026. The Company stated that it may close another tranche at its discretion, subject to the Policies of the Canadian Securities Exchange.

Source announcement

Company: First Phosphate Corp
Title: First Phosphate Closes Final Tranche of Oversubscribed Private Placement
Published: Monday, 13 July 2026
Source site: firstphosphate.com

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FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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