Core Viewpoint - First Phosphate Corp. is initiating a 30,000-metre accelerated drilling program at its Bégin-Lamarche property to finalize the geological model and enhance the understanding of the phosphate deposit [1][2]. Drilling Program Details - The drilling program aims to confirm the final geological model and build on the initial resource estimate effective September 9, 2024 [2]. - The program will cover a 2.5 km long phosphate mineralization zone at 50 m x 50 m intervals, starting with two drill rigs and increasing to four by mid-November, with completion expected by April 2026 [3]. - The drilling operations are fully funded by recent financings, and all necessary authorizations are in place [3]. Location and Infrastructure - The Bégin-Lamarche property is strategically located near existing infrastructure, approximately 70 km from the deep-sea Port of Saguenay, facilitating future phosphate processing operations [3][7]. - The property is positioned to support the vertical integration of lithium iron phosphate (LFP) cathode active material production, contributing to the North American LFP battery supply chain [3][13]. Recent Developments - First Phosphate has produced commercial-grade LFP 18650 battery cells using North American critical minerals, showcasing the potential of the Bégin-Lamarche property [9][10]. - The high-purity phosphoric acid and iron powder for these battery cells were derived from the igneous anorthosite rock from the Bégin-Lamarche property [10].

Core Viewpoint - First Phosphate Corp. has decided to withdraw its proposed private placement equity financing due to current market volatility, despite strong initial interest in the offering [1][2][3]. Company Overview - First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the Lithium Iron Phosphate battery industry, emphasizing sustainable extraction and purification methods [3]. - The company operates a vertically integrated model that connects phosphate mining directly to the supply chains of North American battery producers [3]. - Its flagship project, the Bégin-Lamarche Property located in Saguenay-Lac-Saint-Jean, Quebec, contains rare igneous anorthosite rock, which yields high-purity phosphate with minimal impurities [3]. Financial Position - The company remains well capitalized to advance its development projects despite the withdrawal of the recent offering, thanks to the success of earlier financing efforts [3].

Core Insights - First Phosphate Corp is focused on igneous phosphate mining and purification for the North American LFP battery industry [5] - CEO John Passalacqua will present at the Metals & Mining Virtual Investor Conference on October 7th, 2025 [1][2] Company Overview - First Phosphate is dedicated to producing high-purity phosphate with a commitment to sustainable extraction and a low carbon footprint [5] - The company's flagship project, the Bégin-Lamarche Property, contains rare igneous anorthosite rock that yields high-purity phosphate [5] Recent Developments - First Phosphate signed an agreement with Port Saguenay to establish a phosphoric acid plant [8] - The company has produced LFP battery cells using North American critical minerals [8] - A white paper on securing North American igneous phosphate supply for LFP cathode materials received a "Met" rating from the United States Defense Industrial Base Consortium [8] - The company has raised approximately CAD $40 million in management-led private-placement financings since June 2022, with CAD $19.8 million closed in the last 6 months [8]

Group 1 - The Mosaic Company has completed the sale of its idled Patos de Minas phosphate mining unit in Brazil to Fosfatados Centro SPE Ltda [1]

Core Viewpoint - First Phosphate Corp. has launched a $15 million private placement to strengthen its financial position and support the advancement of its Bégin-Lamarche igneous phosphate mine and downstream processing facilities [1][4]. Financing and Growth Strategy - The recent financing is part of a LIFE offering, which allows for larger capital raises, and is distinct from previous funding efforts [4]. - This new placement adds to the $20 million already raised in the past six months, totaling $35 million secured during this period [1][5]. - The primary goal of this funding is to "fully de-risk" the company as it navigates critical stages in its project development [2][6]. Project Development and Timeline - The company plans to conduct metallurgical bulk sampling, definition drilling, and environmental programs in the fall, which will contribute to a feasibility study expected to be completed by the end of 2026 [3][8]. - Permitting for the project is anticipated to be completed by the first quarter of 2027 [3][7]. Financial Position and Risk Management - The company aims to avoid reliance on royalties, debt, or additional dilution during the transition from preliminary economic assessments to feasibility studies, a phase often referred to as the "Valley of Death" [2][6]. - The estimated financial requirement to navigate this phase is between $30 million and $35 million, which the company believes it can meet with the current funding and existing treasury [6][7].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Insights - Proactive is a financial news and online broadcast organization that provides fast, accessible, and informative business and finance news to a global investment audience [2][3] - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's editorial and broadcast operations are managed by a seasoned team, ensuring quality control and content production across multiple global locations [1][2] Company Operations - Proactive operates with a team of experienced news journalists across key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - The organization produces approximately 50,000 pieces of real-time news, feature articles, and filmed interviews annually [1] - Proactive employs both human content creators and technology to enhance workflows, ensuring a blend of expertise and modern tools in content production [4][5] Content Focus - The news team at Proactive delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - The company emphasizes the importance of human editing and authorship in its content, even while utilizing automation and software tools [5]

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]

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Core Viewpoint - First Phosphate Corp. has successfully closed the third tranche of its non-brokered private placement financing, raising a total of $11.4 million across three tranches, which positions the company well for future developments in the lithium iron phosphate battery supply chain [1][2][4]. Financing Details - The total gross proceeds raised from the three tranches of the Offering amount to $11.4 million, consisting of $6.5 million from 13,067,400 Flow-Through Shares and $4.89 million from 9,785,000 Hard Dollar Units [2]. - In the third tranche alone, the company raised $4.7 million, which includes $1.58 million from 3,168,400 Flow-Through Shares and $3.1 million from 6,220,000 Hard Dollar Units, comprising common shares and warrants [3]. Capitalization and Future Plans - Since June 2022, First Phosphate has raised approximately $39.9 million through nine management-led non-brokered private-placement financings, with $19.6 million closed in the last five months [4]. - The company aims to complete a feasibility study by the end of 2026, secure mining permits by mid-2027, and establish an operating igneous phosphate mine by mid-2029, supported by definitive offtake agreements [5]. Insider Participation - Related parties, including the Chairman and a director of the company, purchased 280,112 Common Shares each as part of the Offering [7]. - The transactions involving related parties are exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to the fair market value of the shares not exceeding 25% of the company's market capitalization [8][9]. Marketing Initiatives - The company has entered into a 13-month advertising and e-marketing contract with NaFinance.com to enhance its marketing efforts, with an initial payment of $2,800 [6]. Company Overview - First Phosphate Corp. is focused on producing high-purity phosphate for the lithium iron phosphate battery industry, emphasizing sustainable extraction and a low carbon footprint [11]. - The flagship project, the Bégin-Lamarche Property in Quebec, is designed to yield high-purity phosphate with minimal impurities, directly connecting mining operations to North American battery supply chains [11].