Saguenay, Quebec--(Newsfile Corp. - September 15, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that on, September 12, 2025, it closed a subsequent tranche of its non-brokered private placement financing (the "Offering"), as further described in the Company's news releases dated August 5, 2025 and August 25, 2025. Under this tranche of the financing, the Company raised a total of $3.78 million through the issuance of 5,150,00 ...

Core Viewpoint - First Phosphate Corp. has graduated to trading on the OTCQX Best Market, enhancing its visibility and accessibility to U.S. investors [1][2]. Group 1: Company Overview - First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry [4]. - The company employs a vertically integrated approach, linking sustainable phosphate mining in Quebec with North American battery supply chains, targeting sectors such as energy storage, data centers, robotics, mobility, and defense [4]. - The flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is noted for being one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities [4]. Group 2: Trading and Market Presence - Trading on OTCQX is expected to enhance the visibility and accessibility of First Phosphate common shares to U.S. investors, as OTCQX is the highest-level trading venue of the OTC Markets Group [2]. - First Phosphate's common shares will continue to trade on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange (FSE) for global investor exposure [3].

Core Viewpoint - First Phosphate Corp. has signed an industrial land option agreement with Port of Saguenay to establish a phosphoric acid plant, marking a significant step in the company's development and strategic positioning in the critical minerals sector [1][2][7]. Agreement Details - The agreement grants First Phosphate exclusive rights to enter into a definitive land lease with the Port by December 31, 2027, contingent on meeting various financial and development milestones before construction begins in 2028 [2]. - The planned phosphoric acid plant will utilize advanced clean technology from Prayon SA of Belgium, with implementation by Ballestra S.pA. of Italy [3]. Strategic Benefits - The location provides direct rail and vessel access to North American and global markets, particularly benefiting European offtakers [4]. - The site offers access to large-scale industrial infrastructure, utilities, and potential for expansion [4]. - The project aims for vertical integration between upstream phosphoric acid production and downstream lithium iron phosphate (LFP) battery material production [4]. Government and Community Support - Canadian government officials expressed support for the project, highlighting its role in developing critical minerals and enhancing local economic opportunities [7][8]. - The project is seen as a significant step for the Saguenay-Lac-Saint-Jean region in the battery industry, aligning with sustainable economic development goals [8][9]. Company Overview - First Phosphate Corp. focuses on producing high-purity phosphate for the LFP battery industry, connecting sustainable phosphate mining in Quebec with North American battery supply chains [12]. - The company's flagship property, Bégin-Lamarche, is noted for its high-purity phosphate resources with minimal impurities [12]. Port Overview - The Port of Saguenay is recognized for its strategic importance and contribution to the Canadian economy, providing deep-water marine facilities and direct access to major North American rail and highway networks [13]. - The port is positioned as a natural logistics hub for the development of the critical minerals sector in northeastern Canada [10].

Core Viewpoint - First Phosphate Corp. has successfully closed the final tranche of a $2,000,000 non-brokered private placement financing, raising a total of approximately $4,692,329 through the issuance of Flow-Through Shares and Hard Dollar Units [1][2][3]. Financing Details - The total gross proceeds raised from both tranches of the Offering amount to $4,692,329, which includes 12,856,513 Flow-Through Shares and 550,142 Hard Dollar Units, all priced at $0.35 each [2]. - In the final tranche, the Company raised $1,462,800 by issuing 3,729,428 Flow-Through Shares and 450,000 Hard Dollar Units [3]. - Since June 2022, the Company has raised approximately $28.5 million through 8 management-led non-brokered private-placement financings, with about $8.2 million closed in the last 3 months [4]. Compensation and Fees - The Company paid $1,600 in cash finder's fees and issued 894,998 Compensation Shares and 899,570 Compensation Warrants, with the latter exercisable at $0.50 per common share until December 31, 2025 [4]. Use of Proceeds - The proceeds from the Offering will be utilized as disclosed in the Company's press release dated June 30, 2025 [4]. 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 [7]. - The flagship project, the Bégin-Lamarche Property, is located in Saguenay-Lac-Saint-Jean, Quebec, and is known for its rare igneous anorthosite rock that yields high-purity phosphate with minimal impurities [7]. Marketing Initiatives - The Company has entered into a 120-day advertising and e-marketing contract with Revolution Small Cap Marketing for marketing services, including social media engagement, with an initial payment of $15,000 [6].