How much did First Phosphate raise in the Offering?

First Phosphate raised a total of $2.18 million in the Offering. The company stated that it has raised approximately $42.2 million through 10 management-led non-brokered private-placement financings since June 2022.

What securities did First Phosphate issue in the private placement?

First Phosphate issued 2,244,722 Flow-Through Shares at a price of $0.90 per Flow-Through Share for gross proceeds of $2,020,250, and 177,666 Hard Dollar Units at a price of $0.90 per Hard Dollar Unit for gross proceeds of $159,899.

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

First Phosphate issued 178,698 compensation common shares at a deemed price of $0.90 per common share, together with 178,698 Compensation Warrants. The warrants are exercisable at $1.25 per common share until April 30, 2026, subject to an Accelerated Expiry Date.

When can First Phosphate’s Compensation Warrants expire early?

First Phosphate may accelerate the expiry date if the volume weighted average trading price of its Common Shares on the Canadian Securities Exchange equals or exceeds $2.00 for any 5 consecutive trading days. If the company issues a press release exercising this right, the warrants will expire 30 days after that press release.

How long are First Phosphate’s securities subject to a statutory hold period?

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

Could First Phosphate close another tranche of the Offering?

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

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

First Phosphate’s shares trade on the Canadian Securities Exchange under CSE: PHOS, on the OTCQX under OTCQX: FRSPF and on the Frankfurt Stock Exchange under FSE: KD0.

What does First Phosphate do?

First Phosphate is a mineral development and cleantech company focused on building and onshoring a vertically integrated mine-to-market lithium iron phosphate battery supply chain for North America. Its stated target markets include energy storage, data centres, robotics, mobility and national security.

What is First Phosphate’s flagship property?

First Phosphate’s flagship Bégin-Lamarche Property is in Saguenay–Lac-Saint-Jean, Quebec, Canada. The company describes it as a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities.

What restrictions apply to First Phosphate’s securities in the United States?

The securities have not been and will not be registered under the United States Securities Act of 1933 or applicable state securities laws. They may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption from registration is available.

What approvals and conditions apply to First Phosphate’s Offering?

First Phosphate said completion of the Offering is subject to certain conditions, including 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, while noting that actual results or developments may differ materially from those statements.

Home
News Intelligence
First Phosphate Corp
First Phosphate Reports $2.18 Million Private Placement Closing Subject to Approvals

Back to all First Phosphate Corp press releases

First Phosphate Corp

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

First Phosphate Reports $2.18 Million Private Placement Closing Subject to Approvals

Published Monday, 17 November 2025

Get alerts

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, 17 November 2025
Source announcement: firstphosphate.com

Key figures
Measure	Figure
Flow-Through Shares	2,244,722 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) (FSE: KD0) said it closed the Offering with a strategic investor and other follow-on investors.

The Offering closed on November 14, 2025, raising $2.18 million.
It issued 2,244,722 Flow-Through Shares at $0.90 for gross proceeds of $2,020,250.
It issued 177,666 Hard Dollar Units at $0.90 for gross proceeds of $159,899.
It issued 178,698 compensation common shares at $0.90 and 178,698 Compensation Warrants at $1.25 until April 30, 2026.
Completion remains subject to conditions, including receipt of all necessary approvals.

The Company may accelerate expiry after a $2.00 five-consecutive-day volume weighted average trading price, to 30 days after a press release. Securities carry a four-month and one day statutory hold period.

Investor FAQs

First Phosphate announced that it closed its financing, known as the Offering, to a strategic investor and other follow-on investors on November 14, 2025. The release says completion of the Offering remains subject to conditions including the receipt of all necessary approvals.

Source announcement

Company: First Phosphate Corp
Title: First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-on Investors
Published: Monday, 17 November 2025
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.

Read the original press release

Full text as published, unedited.

Loading the original release…

Important Notice And Disclaimer

This article was generated by an artificial intelligence system from an announcement published by the issuer. It has not been independently researched, verified, or edited by a journalist, and no person holds editorial responsibility for its wording.

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.

Ask about this announcement

Answers drawn only from this announcement

Reading the announcement…