When did First Phosphate announce the closing of the third tranche?

The announcement was published on December 15, 2025, and stated that the third tranche had closed on December 12, 2025.

How much did First Phosphate raise under the third tranche?

First Phosphate raised a total of $3,066,726 under the third tranche. This comprised $2,339,651 from 2,599,612 Flow-Through Shares and $727,075 from 807,861 Hard Dollar Units.

How much has First Phosphate raised across all three tranches of the Offering?

Across the three tranches, First Phosphate said it had raised gross proceeds of $6,637,574. This consisted of 5,955,444 Flow-Through Shares for gross proceeds of $5,359,900 and 1,419,638 Hard Dollar Units for gross proceeds of $1,277,674.

What securities were included in First Phosphate's third-tranche Hard Dollar Units?

Each of the 807,861 Hard Dollar Units comprised one Common Share and one Warrant. The Hard Dollar Units generated gross proceeds of $727,075 under the third tranche.

How much has First Phosphate raised through its management-led private placements since June 2022?

First Phosphate said it has raised approximately $46.7 million through 10 management-led non-brokered private-placement financings since June 2022. This figure was given in connection with the current Offering.

What compensation securities did First Phosphate issue in connection with the third tranche?

First Phosphate issued 8,000 compensation common shares and 8,000 Compensation Warrants in connection with the third tranche. The Compensation Warrants are exercisable at a price of $1.25 per common share until April 30, 2026, subject to an Accelerated Expiry Date.

What restrictions apply to the securities issued by First Phosphate under the Offering?

All securities issued under the Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The company also stated that the securities have not been and will not be registered under the U.S. Securities Act or applicable state securities laws, and may not be offered or sold within the United States or to U.S. Persons unless an exemption or registration is available.

How does First Phosphate plan to use the proceeds from the Offering?

First Phosphate said it intends to use the proceeds from the Offering as disclosed in its November 7, 2025 press release. The announcement does not repeat those intended uses.

Could First Phosphate close another tranche of the Offering?

First Phosphate said it may close another tranche of the Offering at its discretion. It also stated that there can be no assurance that any further securities will be sold under the Offering.

What conditions remain for completion of First Phosphate's Offering?

Completion of the Offering is subject to certain conditions, including the receipt of all necessary approvals. The company's forward-looking information also refers to approval of the CSE and the filing of the Offering Document.

What does First Phosphate do and where is its main property located?

First Phosphate describes itself as a mineral exploration and cleantech company focused on building and onshoring a vertically integrated mine-to-market lithium iron phosphate battery supply chain for North America. Its flagship Bégin-Lamarche Property is in Saguenay–Lac-Saint-Jean, Quebec, Canada, and the company says its target markets include energy storage, data centres, robotics, mobility and national security.

Where are First Phosphate's shares listed and what are the ticker symbols?

First Phosphate identifies its listings as the CSE under PHOS, the OTCQX under FRSPF and the FSE under KD0.

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First Phosphate Closes Third Tranche of Private Placement, Raising $3,066,726

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First Phosphate Corp

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

First Phosphate Closes Third Tranche of Private Placement, Raising $3,066,726

Published Monday, 15 December 2025

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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, 15 December 2025
Source announcement: firstphosphate.com

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

Announcement Summary

First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) announced the closing of the third tranche of its private placement financing.

The tranche closed on December 12, 2025.
It raised $3,066,726 through 2,599,612 Flow-Through Shares and 807,861 Hard Dollar Units.
The three tranches raised aggregate gross proceeds of $6,637,574.
The tranche included 8,000 compensation shares and 8,000 Compensation Warrants exercisable at $1.25 until April 30, 2026, subject to an Accelerated Expiry Date.
Completion of the Offering is subject to conditions including all necessary approvals; the Company may close another tranche at its discretion.

Securities are not registered under US securities laws and cannot be offered or sold in the United States without registration or an available exemption.

Investor FAQs

First Phosphate announced that it closed the third tranche of its non-brokered private placement financing on December 12, 2025. The tranche raised $3,066,726 through Flow-Through Shares and Hard Dollar Units, while completion of the Offering remains subject to certain conditions, including the receipt of all necessary approvals.

Source announcement

Company: First Phosphate Corp
Title: First Phosphate Closes Follow-on Tranche of Oversubscribed Private Placement
Published: Monday, 15 December 2025
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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