Northwire Canada EditionSunday, August 16, 2026
Sign inSubscribe
Northwire
⌕
ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Other

First Phosphate Announces American Depositary Receipt Program Under Ticker Symbol FPHOY

By The Northwire Desk — AI Analysis Feb 25, 2026 · 07:08 PHOS · 0.78 First Phosphate Corp.
PHOS · Price

Executive Summary

  • First Phosphate launched a Level 1 sponsor‑driven ADR program on the OTCQX market under the ticker “FPHOY,” with a 10‑to‑1 share‑to‑ADR ratio.
  • The company received an initial USD 523,017.59 payment under its long‑term phosphate concentrate offtake agreement.
  • Significant equity incentive activity: 300,000 options exercised at $0.25, another 300,000 at $0.35; issuance of 781,395 RSUs to ExpoWorld Ltd. in exchange for termination of 1,200,000 options; board and management approved an additional 1,975,000 RSUs for 2026‑27 compensation.

Key Details

  • ADR Program
  • Trading on OTCQX under symbol “FPHOY” (CUSIP 33611D301; ISIN US33611D3017).
  • Ratio: 10 First Phosphate common shares = 1 ADR.
  • No new shares issued and no capital raised; program is complimentary to existing listings.

  • BNY Mellon appointed as depositary bank; participants may issue ADRs at no cost for the first six months after the effectiveness date (Feb 12 2026).

  • Offtake Payment

  • Received USD 523,017.59 as the initial payment under the long‑term phosphate concentrate offtake agreement announced on Jan 6 2026.

  • Option Exercises

  • Z Six Financial Corp. exercised:

    • 300,000 options (issued Sep 14 2022) at $0.25 per option.
    • 300,000 options (issued Dec 22 2022) at $0.35 per option.

  • RSU Grants & Option Terminations

  • Issued 781,395 Restricted Share Units to ExpoWorld Ltd. as consideration for terminating 1,200,000 options (600k @ $0.25 and 600k @ $0.35).
  • RSUs represent the in‑the‑money value of the terminated options based on the closing price of First Phosphate shares on Feb 10 2026.

  • Board approved grant of 1,975,000 RSUs to directors, officers, consultants and employees for services from Mar 1 2026 – Aug 31 2026 & Feb 28 2027 vesting schedule; half vest on each date with a four‑month plus one day hold period post‑vesting.

  • Open Market Purchase

  • CEO John Passalacqua, via ExpoWorld, purchased 119,500 First Phosphate shares on Jan 30 2026.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from First Phosphate Corp.

Jun 22, 2026 · 09:00

Quebec's Igneous Phosphate Play Secures G7 Backing and Offtake, But Pre-Revenue Status and Execution Risks Remain

Financings Jun 17, 2026 · 11:00

Phosphate junior turns G7 summit into a ribbon-cutting ceremony, but the real heavy lifting — permits, funding, and production — still lies years ahead.

Financings Jun 15, 2026 · 07:11

Quebec Igneous Phosphate Developer Secures $15.4M at Premium to Fund LFP Battery Supply Chain Push

Financings May 28, 2026 · 16:16

First Phosphate rewards loyal backers with premium placement as resources swell.

Financings May 26, 2026 · 07:11

First Phosphate triples indicated resource at Bégin‑Lamarche, reinforcing its pivot from junior explorer to LFP‑scale anchor.

Resource Estimate May 05, 2026 · 09:00

Capital Structure Clean-Up Meets Analyst Bull Case on Phosphate Supply Chain

Production / Operations