First Phosphate Closes Follow-On Tranche of Oversubscribed Private Placement

Core Viewpoint - First Phosphate Corp. has successfully closed a subsequent tranche of its non-brokered private placement financing, raising a total of $3.78 million, contributing to a total of approximately $35.2 million raised since June 2022 [1][3]. Financing Details - The recent tranche raised $3.78 million through the issuance of 5,150,000 Flow-Through Shares for gross proceeds of $2.58 million and 2,415,000 Hard Dollar Units, which include 2,415,000 Common Shares and 1,207,500 Warrants, for gross proceeds of $1.21 million [2]. - In total, the company has raised gross proceeds of $6.73 million from both tranches, consisting of 9,899,000 Flow-Through Shares for $4.95 million and 3,565,000 Hard Dollar Units for $1.78 million [2]. Use of Proceeds - The proceeds from the Offering will be utilized as disclosed in the company's previous press release dated August 5, 2025 [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 [5]. - The company's 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 [5].