What is the First Phosphate Corp. ADR ratio?

The ADR ratio is ten First Phosphate common shares for each one First Phosphate ADR. The ADR is a separate security denominated in US dollars.

When did the First Phosphate Corp. ADR programme become effective?

The First Phosphate Corp. ADR programme became effective on February 12, 2026. Participants may issue ADRs at no cost during the first 6 months after the effectiveness date through The Bank of New York Mellon (BNY).

Where do First Phosphate Corp. securities trade and what are the ticker symbols?

First Phosphate Corp. lists its securities as CSE: PHOS, OTCQX: FRSPF, OTCQX ADR: FPHOY and FSE: KD0. The new ADR trades on the OTCQX market under “FPHOY”, while the Company’s existing OTCQX listed common shares continue under “FRSPF”.

Does the First Phosphate Corp. ADR launch raise new capital or issue additional shares?

No, the Company said the ADR programme is not a new offering of securities, so no additional shares are being issued and no capital is being raised in connection with the launch. The Company also said the programme is not an offer to sell or a solicitation of an offer to buy securities.

Who is the depositary bank for the First Phosphate Corp. ADR programme?

The Bank of New York Mellon has been appointed as depositary bank for the First Phosphate Corp. ADR programme. BNY facilitates the issuance and cancellation of ADRs in accordance with instructions from market participants and holds the underlying common shares in custody.

What initial payment did First Phosphate Corp. receive under its offtake agreement?

First Phosphate Corp. received an initial payment of USD $523,017.59 under its existing, long-term phosphate concentrate offtake agreement. The payment relates to the offtake agreement with its existing offtake partner announced on January 6, 2026.

How many options did Z Six Financial Corporation exercise in First Phosphate Corp.?

Z Six Financial Corporation exercised 300,000 options originally issued on September 14, 2022 and exercisable at $0.25 per option, together with 300,000 options originally issued on December 22, 2022 and exercisable at $0.35 per option. Z Six Financial Corporation is controlled by Laurence W. Zeifman, Chairman of the Board of First Phosphate Corp.

Why did First Phosphate Corp. issue 781,395 RSUs to ExpoWorld Ltd.?

First Phosphate Corp. issued 781,395 Restricted Share Units (RSUs) to ExpoWorld Ltd. as consideration for the termination of 1,200,000 options held by ExpoWorld. The Company said the vested RSUs represent the in-the-money value of the terminated options, calculated using the closing price of First Phosphate shares on February 10, 2026, and facilitate cashless exercise while minimising the transaction’s impact on the open market.

How many shares did First Phosphate Corp. CEO John Passalacqua purchase in the open market?

John Passalacqua, through ExpoWorld, purchased 119,500 First Phosphate Corp. shares in the open market on January 30, 2026. ExpoWorld is an entity controlled by Mr. Passalacqua.

How many RSUs did First Phosphate Corp. grant to directors, officers, consultants and employees?

First Phosphate Corp.’s Board approved the grant of 1,975,000 RSUs to eligible directors, officers, consultants and employees for services to be provided for the 12-month period commencing March 1, 2026. One-half of the RSUs will vest on August 31, 2026 and the remainder on February 28, 2027, with the underlying shares subject to a hold period of four months plus one day from vesting.

What does First Phosphate Corp. do?

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

What does First Phosphate Corp. say about its future plans and related risks?

First Phosphate Corp. says it plans to build and onshore a vertically integrated mine-to-market LFP battery supply chain for North America, but it identifies this as forward-looking information rather than a guarantee of future performance. The Company says actual results or developments may differ materially and identifies risks including exploration and development outcomes, continued access to capital and financing, and general economic, market or business conditions.

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First Phosphate launches Level 1 ADR programme under FPHOY

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First Phosphate Corp

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

First Phosphate launches Level 1 ADR programme under FPHOY

Published Wednesday, 25 February 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: Corporate update
Published: Wednesday, 25 February 2026
Source announcement: firstphosphate.com

Key figures
Measure	Figure	Period
Initial payment	USD $523,017.59	Not stated
Restricted Share Units (“RSUs”)	781,395 Restricted Share Units (“RSUs”)	Not stated
Shares	119,500 shares	January 30, 2026
RSUs	1,975,000 RSUs	the 12-month period commencing March 1, 2026

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) announced a sponsored Level 1 American Depositary Receipt program.

The ADR is available for trading in the United States on OTCQX under FPHOY and is denominated in US dollars.
Each ADR represents ten (10) First Phosphate common shares; CUSIP is 33611D301 and ISIN is US33611D3017.
The Bank of New York Mellon (BNY) is the depositary bank and handles ADR issuance and cancellation.
Participants may issue ADRs at no cost during the first 6 months after the February 12, 2026 effectiveness date.
The program uses an SEC-filed deposit agreement and is not a new securities offering; no shares are issued or capital raised.

Separately, the Company received USD $523,017.59 under its existing long-term phosphate concentrate offtake agreement. It reported option exercises and approved 1,975,000 RSUs, subject to final conditions and the Omnibus Equity Incentive Plan.

Investor FAQs

First Phosphate Corp. announced the launch of a sponsored Level 1 American Depositary Receipt (ADR) programme. The ADR is available for trading in the United States on the OTCQX market under the symbol “FPHOY”.

Source announcement

Company: First Phosphate Corp
Title: First Phosphate Announces American Depositary Receipt Program Under Ticker Symbol FPHOY
Published: Wednesday, 25 February 2026
Source site: firstphosphate.com

Read the source announcement on firstphosphate.com

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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The issuer named in this article has not paid for this page and has no commercial relationship with its publisher. This is an unpaid evaluation preview produced from announcements the issuer published publicly, and it is not independent editorial coverage.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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