Emerging Growth Research Maintains Buy Rating on First Phosphate Corp. Following Successful C$9.6 Million Financing and CSE25 Index Inclusion

Core Viewpoint - Emerging Growth Research maintains a Buy rating for First Phosphate Corp. with a 12-month price target of C$4.83, indicating a potential upside of approximately 360% from the closing price of C$1.05 on January 6, 2026 [1] Group 1: Financial Developments - First Phosphate successfully completed C$9.6 million in financing with limited dilution, enhancing its financial stability [1] - The company received C$0.7 million in offtake pre-payment, contributing to its cash flow and operational funding [1] Group 2: Market Positioning - First Phosphate's inclusion in the CSE25 Index signifies its growing prominence in the market and enhances investor confidence [1] - The combination of financing success, pre-payment, and index inclusion collectively de-risks the investment case for First Phosphate [1]