First Phosphate (FRSPF) Stock News

First Phosphate (OTCQX:FPHOY) launched a sponsored Level 1 American Depositary Receipt (ADR) program trading on OTCQX under symbol FPHOY effective February 12, 2026, at a ratio of 10 common shares per ADR. The Bank of New York Mellon is depositary bank.

The company received an initial offtake payment of USD $523,017.59, recorded option exercises by a director-controlled entity, and authorized RSU grants totalling 1,975,000 to board, management and staff; 781,395 RSUs were issued to ExpoWorld to cashlessly settle terminated options.

First Phosphate (CSE:PHOS / OTC:FRSPF) secured C$9.6 million in a private placement (issued Dec 22, 2025), received a C$0.7 million offtake pre-payment, and was added to the CSE25 Index on Dec 19, 2025. Emerging Growth Research maintained a Buy rating with a 12-month target of C$4.83, implying ~360% upside from the C$1.05 close on Jan 6, 2026. The company is finishing a 30,000-metre drill program at Bégin-Lamarche due by April 2026 to support a feasibility study and resource conversion.

Use of proceeds targets final resource definition, feasibility work, and working capital.

First Phosphate (OTCQX: FRSPF) announced receipt of an initial lump-sum pre-payment of US $530,000 under an amended long-term phosphate concentrate offtake LOI to help advance the Bégin-Lamarche project to a feasibility study and production decision.

The company is completing a 30,000-metre drill program expected to finish by April 2026 to refine its geological model; if First Phosphate chooses not to proceed to a feasibility study, the pre-payment is refundable. The company also issued 240,132 shares to Pekuakamiulnuatsh First Nation for 2025 exploration and development work.

First Phosphate (CSE: PHOS / OTCQX: FRSPF) announced that its common shares were added to the CSE25 Index effective December 19, 2025 as part of the CSE's quarterly rebalancing. Inclusion places the company among the 25 leading CSE-listed firms by market capitalization and liquidity, which the company says increases visibility with institutional and retail investors and broadens exposure via index-linked products.

First Phosphate is advancing a high-purity igneous phosphate project in Saguenay-Lac-Saint-Jean, Quebec, and reports recent production of commercial-grade LFP 18650 battery cells using North American critical minerals sourced from its Bégin-Lamarche property.

First Phosphate (OTCQX: FRSPF) welcomed a $57.6 million Government of Canada investment to build a second wharf at Port Saguenay, positioned adjacent to the company’s planned phosphoric acid plant.

The company says the new wharf will aid transport of future phosphate concentrate, phosphoric acid and LFP battery products to North American, European and international offtakers. First Phosphate signed an industrial land option agreement for Port Saguenay on July 18, 2025 and plans to deploy Prayon SA technology with Ballestra S.p.A. engineering. The company also reports producing commercial-grade LFP 18650 cells using North American critical minerals from its Bégin-Lamarche property.

First Phosphate (OTCQX: FRSPF) welcomed the addition of phosphate to the United States Final 2025 List of Critical Minerals announced by the U.S. Secretary of the Interior on November 10, 2025. The decision aligns the U.S. with Canada, South Korea, the European Union and the provinces of Ontario and Quebec in recognizing phosphate as critical.

First Phosphate said it submitted a 15-page comment highlighting phosphate's role in lithium iron phosphate (LFP) batteries for energy storage, defense and mobility. The company noted a Met rating from the Defense Industrial Base Consortium for its White Paper and cited its Bégin-Lamarche property as a rare North American igneous phosphate source used to produce commercial-grade LFP 18650 cells.

First Phosphate (OTCQX: FRSPF) announced on November 3, 2025 that its common shares are now listed on the Tradegate Exchange in Germany (TDG: KD0). The listing lets European investors trade the shares during EU market hours and extended European trading hours, increasing convenience and potential liquidity for international investors.

The Tradegate listing complements existing listings on the Canadian Securities Exchange (PHOS), OTCQX (FRSPF) and Frankfurt (KD0). First Phosphate also reports it has produced commercial-grade LFP 18650 battery cells using high-purity phosphoric acid and iron powder derived from its Bégin-Lamarche anorthosite property in Quebec.

First Phosphate (OTCQX: FRSPF) announced an accelerated 30,000‑metre drill program at its Bégin‑Lamarche igneous phosphate property in Saguenay‑Lac‑St‑Jean, Quebec, starting October 2025 to finalize the property's geological model.

The program will test the full 2.5 km mineralized zone on 50 m x 50 m spacing, begin with two rigs and ramp to four rigs by mid‑November, and is expected to complete by April 2026. The company says the program is fully funded and that the site is ~70 km from the Port of Saguenay and planned processing/CAM facilities.

First Phosphate (OTCQX: FRSPF) commented on recent trading volatility after China announced new unilateral export controls on rare earths and processed critical materials, including LFP cathode active material (CAM), under Ministry of Commerce Notice No 55-62 effective Nov 8, 2025. The company said trading volumes and share price moves followed that October 9, 2025 announcement.

First Phosphate highlighted its North American onshoring strategy, stating it has recently produced commercial-grade LFP 18650 battery cells using North American critical minerals sourced from its Bégin-Lamarche property. Its white paper received a "Met" rating from the Defense Industrial Base Consortium. The company said it intends to accelerate its mine-to-market LFP supply chain for North America.