Flow - Through Offering
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First Phosphate Announces Non-Brokered Private Placement to Accommodate Existing Investor
Newsfile· 2025-11-07 12:11
Core Points - First Phosphate Corp. announces a non-brokered private placement to raise a minimum of $2,000,000 from a strategic investor [1] - The proceeds will be allocated to Canadian exploration expenses and general corporate purposes [1][4] - The Offering is expected to close around November 21, 2025 [1] Offering Details - The Offering includes Flow-Through Shares and Hard Dollar Units, both priced at $0.90 per share/unit [7] - Each Hard Dollar Unit consists of one Common Share and one Warrant, with the Warrant exercisable at $1.25 until April 30, 2026 [7] - Eligible finders will receive a fee of up to 8% of gross proceeds and Compensation Warrants equivalent to 8% of the issued shares [2] Company Overview - First Phosphate is focused on developing a vertically integrated lithium iron phosphate battery supply chain for North America [4] - The flagship Bégin-Lamarche Property in Quebec is noted for its high-purity phosphate resource [5]
Future Fuels Announces $2.25 Million LIFE Flow-Through Offering
Accessnewswire· 2025-09-06 03:15
Company Update - Future Fuels Inc. intends to complete a non-brokered private placement for gross proceeds of up to C$2,250,000 from the sale of up to 3,000,000 "flow-through" units at a price of C$0.75 per unit [1] - Each "flow-through" unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at a price of $0.80 for a period of 24 months [2] - The LIFE Offering is expected to close on or about September 23, 2025, or within 45 days from the announcement date [2] Regulatory Compliance - The LIFE Offering is being made to purchasers in all provinces of Canada, except Quebec, under the Listed Issuer Financing Exemption [3] - The securities offered will not be subject to a hold period under applicable Canadian securities laws [3] Use of Proceeds - The gross proceeds from the LIFE Offering will be used to incur "Canadian exploration expenses" related to critical mineral mining expenditures on the Company's Canadian projects [4] Marketing Agreements - Future Fuels has renewed its engagement with MCS Market Communication Service GmbH for an additional 60 days, with a total fee of €155,000 plus a 16% agency fee [7] - The Company has also engaged Rumble Strip Media Inc. for a 35-day term starting September 15, 2025, for a total fee of C$250,000 [8] Company Profile - Future Fuels' principal asset is the Hornby Uranium Project, covering 3,407 km² in north-western Nunavut, with over 40 underexplored uranium showings [11] - The Company also holds the Covette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares [11]