First Phosphate Corp. is pleased to announce that, on January 19, 2024, the Company closed the third and final tranche of the non-brokered private placement financing for gross proceeds of a minimum of $2,000,000 , as further described in the Company's news releases dated December 14 and 22, 2023, and January 2, 2024. Under the Third Tranche, the Company issued 1,768,250 Hard Dollar Units for gross proceeds of $707,300 [...]
First Phosphate Corp. is pleased to announce that it has closed a second tranche of its non-brokered private placement financing , as further described in the Company's news release dated December 14 and 22, 2023. The offering including the Second Tranche were largely oversubscribed by a factor of 275%. As part of the Second Tranche, the Company issued 3,090,438 Hard-Dollar Units and 12,560,000 Flow-Through Shares for [...]
First Phosphate Corp. is pleased to announce that it has closed on a second tranche of its non-brokered private placement financing originally announced for gross proceeds of a minimum of $2,000,000 , as further described in the Company's news release dated December 14 and 22, 2023. The Initial Tranche and Second Tranche of the financing were largely oversubscribed inclusively by a factor of 375%. As part of the Second [...]
First Phosphate Corp. is pleased to announce that it has closed on an initial tranche of the non-brokered private placement financing for gross proceeds of a minimum of $2,000,000 , as further described in the Company's news release dated December 14, 2023. As part of the Initial Tranche, the Company issued 1,970,000 Flow-Through Shares for aggregate gross proceeds of $985,000. Capitalized terms used in this news release [...]
First Phosphate Corp. is pleased to announce a non-brokered private placement for gross proceeds a minimum of $2,000,000. The Proposed Offering The Proposed Offering is anticipated to consist of three parts for gross proceeds of a minimum of $2,000,000 as follows: Hard dollar units of the Company at a price of $0.40 per Hard Dollar Unit , with each Hard Dollar Unit comprised of: one common share in the capital of the [...]
First Phosphate Corp. is pleased to announce that it has signed a memorandum of understanding with Ultion Technologies Inc of Las Vegas, Nevada for the purchase of a non-exclusive, perpetual license to technology for the production of lithium iron phosphate and lithium iron manganese phosphate cathode active material . The LFP technology contemplated by this MOU is currently in production in two facilities, one with [...]
First Phosphate Corp. is pleased to announce that it has signed a memorandum of understanding with Lithium Australia Ltd. for the potential development of a lithium iron phosphate and lithium manganese iron phosphate cathode active material manufacturing plant in North America. LIT has developed proprietary technology to produce LFP / LMFP CAM through its wholly owned subsidiary VSPC Pty Ltd . LIT is seeking a partner to [...]
First Phosphate Corp. applauds proposed guidance on the clean vehicle provisions of the Inflation Reduction Act as released by the U.S. Department of the Treasury on December 1, 2023. "First Phosphate has always interpreted the spirit of the law with respect to the IRA since its inception," states CEO, John Passalacqua. "We have been working tirelessly over the last years to build a fully localized phosphate mine to [...]
As requested by staff of the Ontario Securities Commission, First Phosphate Corp. has filed an: amended and restated management's discussion and analysis related to its annual consolidated financial statements for the years ended February 28, 2023 and February 28, 2022, and the interim period ended May 31, 2023, amended and restated annual information form for the year ended February 28, 2023 , and amended and restated [...]
First Phosphate Corp. and Sun Chemical Corporation are pleased to announce a non-binding memorandum of understanding for the development of intermediates used for the manufacture of lithium iron phosphate-based cathode active material to support the developing North American battery market. Under this agreement, Sun Chemical will use its qualified North America facilities to manufacture iron phosphate using the phosphate [...]
First Phosphate Corp. applauds comments regarding the lithium iron phosphate battery supply chain in North America by Nobel Laureate, Stanley Whittingham, at the Benchmark Week 2023 conference held this week in Los Angeles, California. Benchmark Source reported that, "The US should work with Canada to build a regional supply chain for batteries and has 'everything it needs' to build cheaper lithium iron phosphate cells [...]
First Phosphate Corp. is pleased to announce that it has appointed Jérôme Cliche its Vice-President, Business Development. Mr. Cliche is experienced in the areas of corporate finance, strategic investment and corporate development. Mr. Cliche is the co-founder of Renmark Financial Communication, a Montreal based company offering a range of integrated services to small, medium, and large cap public companies trading on all [...]
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