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M2i Global, along with Volato Group, and Titanium X Sign Strategic Collaboration Agreement to Advance Critical Mineral Development in the United States
Globenewswire· 2026-01-07 19:00
Core Viewpoint - M2i Global, Inc. and Titanium X have entered into a strategic collaboration to enhance domestic refining capabilities and secure the supply chain for critical minerals in the U.S. [2][3] Company Collaboration - The agreement involves cooperation on financing, development, and commercialization of Titanium X's critical mineral assets, utilizing M2i's expertise in mineral project execution [3]. - The two companies are in discussions to finalize an exclusive supply agreement for titanium concentrate [3]. Leadership Statements - Major General (Ret) Alberto Rosende, CEO of M2i, emphasized the importance of this collaboration in strengthening the U.S. supply chain for critical minerals, combining Titanium X's assets with M2i's execution capabilities [4]. - Justin Warburton, Executive Director of Titanium X, highlighted that partnering with M2i Global will accelerate their mission to become a premier domestic supplier of titanium and other critical minerals [4]. Product Focus - Titanium X is focused on upgrading Ilmenite from mineral sand deposits, particularly from Western Australia, which has numerous producers and undeveloped JORC-compliant resources [5]. Strategic Goals - The collaboration aligns with both companies' commitment to responsible resource development, national sustainability goals, and building secure mineral supply chains in North America [5]. - M2i Global aims to establish a Critical Mineral Reserve to address the global shortage of essential minerals and metals [7].
American Antimony Corp. Signs Metallurgical Testing Agreement with Silver Opportunity Partners LLC, a Subsidiary of Sunshine Silver Mining & Refining Company (SSMRC)
Accessnewswire· 2025-12-08 14:15
AUSTIN, TX / ACCESS Newswire / December 8, 2025 / American Antimony Corporation (OTCID:XTPT), operating as Xtra Energy Corporation, a U.S.-based mineral development company focused on domestic antimony resources, and Silver Opportunity Partners LLC, a subsidiary of Sunshine Silver Mining & Refining Company (SSMRC), are pleased to announce they have entered into a formal Metallurgical Testing Agreement (MTA) to evaluate antimony-bearing material from American Antimony's American Antimony Project, located in ...
First Phosphate Closes Follow-on Tranche of Oversubscribed Private Placement
Newsfile· 2025-11-24 12:11
Core Viewpoint - First Phosphate Corp. has successfully closed a subsequent tranche of its non-brokered private placement financing, raising significant funds to support its operations and growth strategy [1][2]. Financing Details - The company raised gross proceeds of $3,570,848 through the issuance of 3,355,832 Flow-Through Shares and 611,777 Hard Dollar Units [2]. - In the latest tranche, the company raised $1,390,699, which includes $999,999 from 1,111,110 Flow-Through Shares and $390,700 from 431,111 Hard Dollar Units [2][3]. - To date, First Phosphate has raised approximately $43.6 million through 10 management-led non-brokered private-placement financings since June 2022 [3]. Compensation and Incentives - The company granted 4,700,000 incentive stock options and 1,303,000 restricted stock units as part of its compensation plan [5]. - Each option has an exercise price of $0.90 and will vest over two years, while the RSUs will vest on January 1, 2026 [5]. Company Overview - First Phosphate is focused on developing a vertically integrated lithium iron phosphate battery supply chain for North America, targeting markets such as energy storage and national security [6]. - The company's flagship property, Bégin-Lamarche, is noted for its high-purity phosphate resources [7].
First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-on Investors
Newsfile· 2025-11-17 12:11
Core Viewpoint - First Phosphate Corp. successfully closed an oversubscribed private placement, raising a total of $2.18 million from existing and follow-on investors, indicating strong investor interest and confidence in the company's strategic direction [1][2]. Financing Details - The company issued 2,244,722 Flow-Through Shares at a price of $0.90 per share, generating gross proceeds of $2,020,250, and 177,666 Hard Dollar Units at the same price, yielding gross proceeds of $159,899 [2]. - Since June 2022, First Phosphate has raised approximately $42.2 million through 10 management-led non-brokered private-placement financings [3]. Compensation and Warrants - In connection with the Offering, the company issued 178,698 compensation common shares and 178,698 Compensation Warrants, which are exercisable at $1.25 per common share until April 30, 2026, with an Accelerated Expiry Date clause [3][4]. - The Compensation Warrants can be accelerated if the volume-weighted average trading price of the common shares exceeds $2.00 for five consecutive trading days [4]. Company Overview - First Phosphate is focused on developing a vertically integrated lithium iron phosphate (LFP) battery supply chain for North America, targeting markets such as energy storage, data centers, robotics, mobility, and national security [5]. - The company's flagship property, Bégin-Lamarche, is located in Saguenay-Lac-Saint-Jean, Quebec, and is noted for its high-purity phosphate resource [7].
First Phosphate Applauds Government of Canada Investment to Build Second Wharf at Port Saguenay
Newsfile· 2025-11-13 12:07
Core Viewpoint - First Phosphate Corp. welcomes the Canadian government's investment of $57.6 million to construct a second wharf at Port Saguenay, which will enhance the transportation of its phosphate products and support regional economic growth [1][5]. Group 1: Government Investment - The Canadian government, represented by Minister Joël Lightbound, announced a $57.6 million investment for the construction of a second wharf at Port Saguenay [1]. - This investment is expected to facilitate the commercialization of natural resources in the Saguenay-Lac-St-Jean region, particularly benefiting First Phosphate's operations [5]. Group 2: Strategic Location and Infrastructure - The second wharf will be located adjacent to First Phosphate's planned phosphoric acid plant, improving logistics for transporting phosphate concentrate, phosphoric acid, and lithium iron phosphate (LFP) products to various markets [2]. - The company has secured an industrial land option agreement with Port Saguenay, which includes direct rail and vessel access to North American and global markets, as well as access to large-scale industrial infrastructure [8][10]. Group 3: Production and Market Potential - First Phosphate has produced commercial-grade LFP 18650 battery cells using North American critical minerals, with high-purity phosphoric acid sourced from its Bégin-Lamarche property [12]. - The critical minerals and intermediary products for LFP battery cells will be transported to European and North American offtakers via the new wharf [13]. Group 4: Company Overview - First Phosphate is focused on developing a vertically integrated mine-to-market LFP battery supply chain in North America, targeting markets such as energy storage and national security [15]. - The Bégin-Lamarche Property is noted for being one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities [15].
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]
First Phosphate CEO to Present at Toronto Global Forum 2025 of the International Economic Forum of the Americas
Newsfile· 2025-10-15 11:10
Core Insights - First Phosphate Corp. CEO John Passalacqua will present at the Toronto Global Forum 2025, focusing on securing North America's mineral supply chains for defense-critical minerals [1][2][3] - The company has successfully produced commercial-grade lithium iron phosphate (LFP) battery cells using North American-sourced critical minerals, aiming to localize the LFP battery supply chain [4] Company Overview - First Phosphate is a mineral development and cleantech company focused on building a vertically integrated mine-to-market LFP battery supply chain in North America, targeting markets such as energy storage, data centers, robotics, mobility, and defense [9] - The company's flagship Bégin-Lamarche Property in Quebec is noted for its high-purity phosphate resources with minimal impurities [10] Industry Context - The Toronto Global Forum, organized by the International Economic Forum of the Americas, gathers international leaders to discuss economic challenges and opportunities, highlighting the importance of securing supply chains for critical minerals [6][8]
First Phosphate Announces $15 Million Private Placement Pursuant to LIFE Offering
Newsfile· 2025-09-29 18:06
Core Viewpoint - First Phosphate Corp. has announced a private placement offering to raise up to $15 million through the sale of units priced at C$0.60 each, aimed at funding various corporate initiatives including feasibility studies and infrastructure development [2][5]. Company Overview - First Phosphate is a mineral development company focused on producing high-purity phosphate for the lithium iron phosphate (LFP) battery industry, emphasizing sustainable extraction methods [9]. - The company's flagship project is the Bégin-Lamarche Property located in Saguenay-Lac-Saint-Jean, Quebec, which contains rare igneous anorthosite rock known for yielding high-purity phosphate with minimal impurities [9]. Offering Details - The private placement will consist of up to 25,000,000 units, each comprising one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at C$0.90 for 36 months [3]. - The offering is scheduled to close on October 10, 2025, or on a date mutually agreed upon by the company and the lead agent, Integrity Capital Group Inc. [5]. Use of Proceeds - The net proceeds from the offering will be allocated towards completing the feasibility study and permitting for the Bégin-Lamarche Property, developing downstream infrastructure, and general corporate purposes [5]. Regulatory Compliance - The offering will comply with applicable regulatory requirements and will be available to purchasers in all Canadian jurisdictions, with potential offerings in the U.S. and offshore jurisdictions on a private placement basis [4][8].
First Phosphate Closes Follow-On Tranche of Oversubscribed Private Placement
Newsfile· 2025-09-15 11:07
Core Viewpoint - First Phosphate Corp. has successfully closed a subsequent tranche of its non-brokered private placement financing, raising a total of $3.78 million, contributing to a total of approximately $35.2 million raised since June 2022 [1][3]. Financing Details - The recent tranche raised $3.78 million through the issuance of 5,150,000 Flow-Through Shares for gross proceeds of $2.58 million and 2,415,000 Hard Dollar Units, which include 2,415,000 Common Shares and 1,207,500 Warrants, for gross proceeds of $1.21 million [2]. - In total, the company has raised gross proceeds of $6.73 million from both tranches, consisting of 9,899,000 Flow-Through Shares for $4.95 million and 3,565,000 Hard Dollar Units for $1.78 million [2]. Use of Proceeds - The proceeds from the Offering will be utilized as disclosed in the company's previous press release dated August 5, 2025 [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 [5]. - The company's 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 [5].
First Phosphate Graduates to Trading on OTCQX Best Market in the United States
Newsfile· 2025-08-12 11:07
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].