First Phosphate cloture la tranche finale du placement prive sursouscrit

Executive Summary

• First Phosphate Corp. has closed the final tranche of its private placement financing, raising an additional $115,000 through the issuance of 230,000 share purchase warrants.
• The total gross proceeds from the four-tranche placement amount to $11.5 million, consisting of 13,297,400 share purchase warrants and 9,785,000 common units.
• This transaction brings the company's total capital raised through nine private placements since June 2022 to approximately $40.0 million, with $19.8 million closed in the last five months.

Key Details

• Final Tranche Details:
  • Gross proceeds: $115,000.
  • Securities issued: 230,000 share purchase warrants.
• Total Placement Structure (Four Tranches):
  • Gross proceeds: $11.5 million.
  • Share Purchase Warrants: 13,297,400 issued for $6.65 million.
  • Common Units: 9,785,000 issued for $4.89 million.
• Total Capital Raised:
  • Approximately $40.0 million raised via nine private placements since June 2022.
  • Approximately $19.8 million closed in the last five months.
• Transaction Costs and Compensation:
  • Cash brokerage fees paid: $96,800.
  • Compensation shares issued: 713,040 common shares at $0.50 per share.
  • Compensation warrants issued: 906,640 warrants exercisable at $0.50 per share, expiring December 31, 2025 (subject to early expiration).
• Use of Proceeds: As disclosed in the August 5, 2025 press release.
• Insider Participation:
  • A company controlled by Larry Zeifman (Chairman) acquired 280,112 common shares.
  • A company controlled by Peter Nicholson (Director) acquired 280,112 common shares.
  • Transactions exempt from formal valuation and minority approval under Multilateral Instrument 61-101.
• Marketing Agreement:
  • Contract signed with NaFinance.com for digital marketing and social media engagement.
  • Initial term: 13 months starting September 22, 2025.
  • Payment: $2,800 during the initial period.

Notable Quotes

• "Thanks to the confidence placed in us, First Phosphate Corp. is now well capitalized and remains on track to deliver a complete feasibility study by the end of 2026, mining permits by mid-2027, and an operating igneous phosphate mine supported by existing bankable and definitive supply contracts by mid-2029." — John Passalacqua, Chief Executive Officer.
• "Our timelines are ambitious, and they must be: an integrated North American supply chain for lithium iron phosphate (LFP) batteries is a matter of national security for both the United States and Canada." — John Passalacqua, Chief Executive Officer.