First Phosphate Announces Intention to Complete Non-Brokered Private Placement to Accommodate Demand from Existing Investor

Core Viewpoint - First Phosphate Corp. is initiating a non-brokered private placement to raise a minimum of $1 million to meet existing investor demand [1][2]. Group 1: Offering Details - The Offering will include Flow-Through Shares priced at $0.50 each and Hard Dollar Units also priced at $0.50, with each Hard Dollar Unit consisting of one Common Share and one half of a Common Share purchase warrant [7]. - Proceeds from the Flow-Through Offering will be allocated to Canadian exploration expenses related to the Company's projects in Québec, while net proceeds from the Hard Dollar Unit Offering will support exploration, development activities, working capital, and general corporate purposes [2]. - The Offering is expected to close around August 22, 2025, and all securities issued will be subject to a four-month and one-day statutory hold period [2]. Group 2: Finder's Fees and Compensation - Eligible finders will receive a fee of up to 8% of the gross proceeds raised from subscribers they introduce, along with Compensation Warrants equivalent to up to 8% of the number of Hard Dollar Units or Flow-Through Shares issued [3]. - Each Compensation Warrant allows the holder to acquire one Common Share at a price of $0.50 until December 31, 2025, with the possibility of an accelerated expiry if the trading price exceeds $0.80 for five consecutive days [3]. Group 3: 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 [8]. - The Company's flagship project, the Bégin-Lamarche Property in Quebec, features rare igneous anorthosite rock that produces high-purity phosphate with minimal impurities [8].