First Phosphate Closes Final Tranche of Oversubscribed Private Placement

Core Viewpoint - First Phosphate Corp. has successfully closed the final tranche of a $2,000,000 non-brokered private placement financing, raising a total of approximately $4,692,329 through the issuance of Flow-Through Shares and Hard Dollar Units [1][2][3]. Financing Details - The total gross proceeds raised from both tranches of the Offering amount to $4,692,329, which includes 12,856,513 Flow-Through Shares and 550,142 Hard Dollar Units, all priced at $0.35 each [2]. - In the final tranche, the Company raised $1,462,800 by issuing 3,729,428 Flow-Through Shares and 450,000 Hard Dollar Units [3]. - Since June 2022, the Company has raised approximately $28.5 million through 8 management-led non-brokered private-placement financings, with about $8.2 million closed in the last 3 months [4]. Compensation and Fees - The Company paid $1,600 in cash finder's fees and issued 894,998 Compensation Shares and 899,570 Compensation Warrants, with the latter exercisable at $0.50 per common share until December 31, 2025 [4]. Use of Proceeds - The proceeds from the Offering will be utilized as disclosed in the Company's press release dated June 30, 2025 [4]. Company Overview - First Phosphate Corp. is focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry, emphasizing sustainable extraction and purification methods [7]. - The flagship project, the Bégin-Lamarche Property, is located in Saguenay-Lac-Saint-Jean, Quebec, and is known for its rare igneous anorthosite rock that yields high-purity phosphate with minimal impurities [7]. Marketing Initiatives - The Company has entered into a 120-day advertising and e-marketing contract with Revolution Small Cap Marketing for marketing services, including social media engagement, with an initial payment of $15,000 [6].