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First Phosphate raises $3.78M in follow-on tranche of private placement
Proactiveinvestors NA· 2025-09-15 12:43
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
First Phosphate closes oversubscribed financing; raises C$2.95M
Proactiveinvestors NA· 2025-08-25 13:15
Core Insights - Proactive is a leading provider of timely, multimedia news and investor relations management, focusing on delivering actionable business and finance news to a global audience [1][2] - The company has a strong presence in key financial hubs, including London, New York, and Sydney, and specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [2][3] Technology Adoption - Proactive is committed to adopting advanced technologies to enhance its content creation and workflow processes, utilizing decades of expertise alongside modern tools [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices [5]
First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-On Investors
Newsfile· 2025-08-25 11:07
Core Viewpoint - First Phosphate Corp. successfully closed an oversubscribed private placement, raising a total of $2.95 million from existing and follow-on investors [1][2]. Financing Details - The company issued 4,749,000 Flow-Through Shares at $0.50 each, generating gross proceeds of $2,374,500, and 1,150,000 Hard Dollar Units at the same price, yielding $575,000 in gross proceeds [2]. - Since June 2022, First Phosphate has raised approximately $31.4 million through nine management-led non-brokered private placements, with about $11.2 million raised in the last three months [3]. - The company incurred $25,200 in cash finder's fees and issued 218,320 compensation shares and 268,720 Compensation Warrants, all subject to a four-month and one-day hold period [3]. Future Plans - Proceeds from the offering will be utilized as disclosed in the company's previous press release dated August 5, 2025, with the potential for another tranche of the offering to be closed at the company's discretion [3]. - The company has approved the grant of 1,826,400 restricted share units (RSUs) to eligible directors, management, and consultants, which will vest on February 28, 2026 [5]. Company Overview - First Phosphate Corp. is focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry, emphasizing sustainable extraction methods [6]. - The company's flagship project, the Bégin-Lamarche Property in Quebec, features rare igneous anorthosite rock that provides high-purity phosphate with minimal impurities [6].
Fox River Announces Funding Award from the Critical Minerals Innovation Fund
Globenewswire· 2025-08-11 11:30
Core Points - The Ontario government has awarded Fox River Resources Corporation funding of up to CAD$218,500 through the Critical Minerals Innovation Fund for the Martison project [1][2] - The funding will be utilized for process test work to convert merchant grade phosphoric acid into purified phosphoric acid for the LFP battery supply chain [1][2] - The Martison project is described as a high-grade, large-scale igneous phosphate deposit that can provide a secure domestic supply of phosphate fertilizers and purified phosphoric acid [2] Company Information - Fox River owns a 100% interest in the Martison Phosphate Project, located near Hearst, Ontario, which hosts the Anomaly A deposit [4] - A positive preliminary economic assessment for the Martison project was effective as of April 21, 2022 [4] - The technical disclosure in the news release has been approved by Mr. Tim Horner, a qualified geologist [3]
First Phosphate launches $1M private placement to support Québec exploration
Proactiveinvestors NA· 2025-08-05 13:06
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
First Phosphate Announces Intention to Complete Non-Brokered Private Placement to Accommodate Demand from Existing Investor
Newsfile· 2025-08-05 11:07
Core Viewpoint - First Phosphate Corp. is initiating a non-brokered private placement to raise a minimum of $1 million to meet existing investor demand [1][2]. Group 1: Offering Details - The Offering will include Flow-Through Shares priced at $0.50 each and Hard Dollar Units also priced at $0.50, with each Hard Dollar Unit consisting of one Common Share and one half of a Common Share purchase warrant [7]. - Proceeds from the Flow-Through Offering will be allocated to Canadian exploration expenses related to the Company's projects in Québec, while net proceeds from the Hard Dollar Unit Offering will support exploration, development activities, working capital, and general corporate purposes [2]. - The Offering is expected to close around August 22, 2025, and all securities issued will be subject to a four-month and one-day statutory hold period [2]. Group 2: Finder's Fees and Compensation - Eligible finders will receive a fee of up to 8% of the gross proceeds raised from subscribers they introduce, along with Compensation Warrants equivalent to up to 8% of the number of Hard Dollar Units or Flow-Through Shares issued [3]. - Each Compensation Warrant allows the holder to acquire one Common Share at a price of $0.50 until December 31, 2025, with the possibility of an accelerated expiry if the trading price exceeds $0.80 for five consecutive days [3]. Group 3: Company Overview - First Phosphate Corp. is focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry, emphasizing sustainable extraction and purification methods [8]. - The Company's flagship project, the Bégin-Lamarche Property in Quebec, features rare igneous anorthosite rock that produces high-purity phosphate with minimal impurities [8].
大型磷矿“上新” 四川新探获超1.3亿吨磷矿
Si Chuan Ri Bao· 2025-08-05 03:19
"雷波县马颈子东磷矿普查项目"由省地质局所属四川省第七地质大队承担。雷波县马颈子东磷矿属 于"隐伏矿体",矿体在深部的延伸情况不明,项目组通过对已有成矿理论进行更加精准的分析,对矿区 地质构造进行详细调查,优化施工方案,历时一年完成普查工作。今年5月底,项目通过野外验收,评 级为优秀。 8月4日,记者从自然资源厅获悉,"雷波县马颈子东磷矿普查项目"成果报告近日通过四川省矿产资 源储量评审中心评审,探获磷矿石资源量超1.3亿吨,矿床规模达大型。 近年来,随着新能源产业发展,对磷矿资源的需求日益旺盛。四川磷矿资源丰富,"十四五"以来, 四川抢抓新一轮找矿突破战略行动重大机遇,全省新发现大中型磷矿8处,新增磷矿石资源量17.5亿 吨。记者从自然资源厅了解到,新一轮找矿突破战略行动启动以来,四川多渠道拓展矿产勘查投入来 源,在全国率先建立矿业权出让收益分享激励机制,形成多渠道矿产勘查投入机制。(记者 王若晔) ...
First Phosphate signs industrial land option agreement with Port of Saguenay for phosphoric acid plant
Proactiveinvestors NA· 2025-07-18 12:56
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]
First Phosphate closes final tranche of oversubscribed financing
Proactiveinvestors NA· 2025-07-17 12:35
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]