When did First Phosphate launch and complete its Bégin-Lamarche infill drill programme?

First Phosphate launched the infill drill programme on October 21, 2025 and announced its completion on 31 March 2026. The programme covered the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec.

What did First Phosphate’s infill drilling confirm at Bégin-Lamarche?

First Phosphate said the drilling campaign confirmed extensive, continuous mineralisation across the existing horizon of the initial resource estimate. The campaign also discovered two new phosphate intersects in the Northern Zone and Southern Zone on the eastern side of the existing mineralised zone.

How much drilling did First Phosphate complete at Bégin-Lamarche?

First Phosphate said it added an additional 10,000 meters of targeted drilling to the initial drill programme of 30,000 meters. The original and expanded campaign totalled about 40,000 m.

Why did First Phosphate add 10,000 meters of drilling to its programme?

First Phosphate added the 10,000 meters to improve its understanding of the two new phosphate intersects and to test additional mineralisation at depth in various areas across the Northern and Southern Zones.

What is First Phosphate doing with the Bégin-Lamarche drill results?

First Phosphate is currently processing the full set of drill results from the original and expanded campaign. The company said this is intended to support an upgrade to the geological model for the Bégin-Lamarche property in the coming weeks.

What did First Phosphate’s chief geologist say about the Bégin-Lamarche project?

Gilles Laverdiere, Chief Geologist of First Phosphate, said the company was able to discover, drill and create a significant geological model for Bégin-Lamarche within about 3.5 years. He attributed the progression to what he described as the continuity of the phosphate mineralisation and the efficiency of the company’s exploration approach.

Who will replace Gilles Laverdiere as First Phosphate’s chief geologist?

Steeve Lavoie will assume the role of Chief Geologist after Gilles Laverdiere retires following 48 years of service to the mining industry. First Phosphate said Lavoie has over 20 years of experience in mineral exploration and most recently worked with Agnico Eagle Mines before joining First Phosphate in November 2025.

What incentive stock options did First Phosphate grant to Steeve Lavoie?

First Phosphate granted Steeve Lavoie 300,000 incentive stock options under the company’s Omnibus Equity Incentive Plan. Each option has an exercise price of $0.98 and expires on December 29, 2028.

What are the vesting and hold-period terms for First Phosphate’s options granted to Steeve Lavoie?

The options vest at 25% every 6 months for two years following the date of grant. Securities issued under the option grant are subject to a hold period of four months plus one day.

What does First Phosphate do and how does it describe its Bégin-Lamarche property?

First Phosphate 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 LFP batteries in North America. It identifies Bégin-Lamarche as its flagship property and describes it as a North American igneous phosphate resource producing high-purity phosphate with very low levels of impurities.

Where do First Phosphate shares trade and what are the ticker symbols?

First Phosphate is identified as trading on the CSE under PHOS, the OTCQX under FRSPF, as an OTCQX ADR under FPHOY, and on the FSE under KD0.

What risks does First Phosphate identify for its forward-looking information?

First Phosphate says actual results or developments could differ materially because of factors including exploration and development outcomes, continued access to capital and financing, and general economic, market or business conditions. Its stated assumptions include permitting, project inputs, mineral resource estimates, metallurgical testing, commodity price assumptions, relationships with Indigenous parties and third-party partners, and government actions.

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First Phosphate Completes Bégin-Lamarche Infill Drilling

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First Phosphate Corp

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

First Phosphate Completes Bégin-Lamarche Infill Drilling

Published Tuesday, 31 March 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: Operational update
Published: Tuesday, 31 March 2026
Source announcement: firstphosphate.com

Key figures
Measure	Figure	Period	Compared with
Original and expanded drill campaign	about 40,000 m	Not stated	Not stated
Targeted drilling	10,000 meters	Not stated	30,000 meters in initial drill program
Incentive stock options	300,000 incentive stock options	Not stated	Not stated
Vesting	25%	every 6 months for two years following the date of grant	Not stated

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) completed its infill drill program at Bégin-Lamarche.

The program launched October 21, 2025, at the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec.
Drilling confirmed continuous mineralization across the existing horizon of the initial resource estimate.
The campaign discovered two new phosphate intersects in the Northern and Southern Zones on the eastern side of the existing mineralized zone.
First Phosphate added 10,000 meters of targeted drilling to the initial 30,000 meters.
The original and expanded campaign totaled about 40,000 m; the Company is processing results to upgrade the geological model in the coming weeks.

Gilles Laverdiere will retire; Steeve Lavoie will assume Chief Geologist. First Phosphate granted Lavoie 300,000 options at $0.98, expiring December 29, 2028, with 25% vesting every six months for two years.

Investor FAQs

First Phosphate announced the completion of its infill drill programme at the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec. It also announced changes to its chief geologist role and a grant of 300,000 incentive stock options to Steeve Lavoie.

Source announcement

Company: First Phosphate Corp
Title: First Phosphate Completes Infill Drill Program
Published: Tuesday, 31 March 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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