Hard Dollar Unit 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]