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].