Core Points - First Phosphate Corp. has successfully closed the final tranche of its oversubscribed private placement, raising a total of approximately $11.5 million across four tranches [2][3] - The company has raised a total of about $40 million through nine private placements since June 2022, with approximately $19.8 million closed in the last five months [3] - The CEO stated that the company is well-capitalized and on track to deliver a comprehensive feasibility study by the end of 2026, mining permits by mid-2027, and an operational igneous phosphate mine by mid-2029 [4] Financial Summary - The final tranche raised $115,000 through the issuance of 230,000 flow-through shares [2] - The total gross proceeds from the four tranches included $6.65 million from 13,297,400 flow-through shares and $4.89 million from 9,785,000 common units [2] - The company paid $96,800 in cash finder’s fees and issued 713,040 compensation shares at $0.50 per share [4] Insider Participation - Companies controlled by board members Larry Zeifman and Peter Nicholson each acquired 280,112 common shares as part of the placement [8] - These transactions are considered related party transactions under Multilateral Instrument 61-101, but are exempt from formal valuation and minority shareholder approval requirements [9] Marketing and Public Relations - The company has entered into a 13-month digital marketing and advertising contract with NaFinance.com, starting September 22, 2025, for a payment of $2,800 [5]