First Phosphate completes oversubscribed private placement

On June 2, 2025, First Phosphate Corp. announced the closing of the final tranche of its private placement, totaling $3,517,519. The company issued 7,275,309 flow-through shares and 2,124,747 cash units, comprising common shares and warrants. Approximately $23.8 million has been raised since June 2022 through various non-brokered financings. This final tranche raised $1,126,365. The shares are subject to a statutory hold period in accordance with applicable law.

The funds will be used to finance the company's operations, which are dedicated to producing high-purity phosphate for the LFP battery industry. First Phosphate remains committed to sustainable, low-carbon mining. All securities are subject to a statutory hold period of four months and one day.